Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum Sells 1,400 Shares

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the sale, the chief executive officer now directly owns 274,730 shares in the company, valued at $58,979,036.40. This trade represents a 0.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Michael George Rosenbaum also recently made the following trade(s):

• On Monday, February 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $208.42, for a total transaction of $291,788.00.
• On Monday, January 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $201.90, for a total transaction of $282,660.00.
• On Tuesday, January 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $179.91, for a total transaction of $251,874.00.
• On Wednesday, January 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $174.78, for a total value of $244,692.00.
• On Tuesday, December 17th, Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92.

Guidewire Software Stock Up 0.6 %

Shares of NYSE GWRE opened at $215.74 on Thursday. The stock has a market capitalization of $18.02 billion, a PE ratio of 599.28, a P/E/G ratio of 56.59 and a beta of 1.25. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average of $185.62 and a 200-day moving average of $178.19. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of Guidewire Software in the 4th quarter worth about $25,000. Assetmark Inc. increased its position in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Guidewire Software in the third quarter valued at approximately $33,000. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software in the fourth quarter valued at approximately $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after buying an additional 99 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently issued reports on GWRE. Wells Fargo & Company upped their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. The Goldman Sachs Group upped their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday. JMP Securities reiterated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Finally, DA Davidson restated a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $204.50.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.