Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $285,110.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $203.65, for a total transaction of $285,110.00. Following the sale, the chief executive officer now directly owns 271,930 shares in the company, valued at $55,378,544.50. This trade represents a 0.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, February 18th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $212.42, for a total value of $297,388.00.
• On Monday, February 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $214.68, for a total value of $300,552.00.
• On Monday, February 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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 transaction 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 Performance

Guidewire Software stock traded down $2.18 during trading on Tuesday, hitting $199.60. The stock had a trading volume of 847,617 shares, compared to its average volume of 1,332,513. 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 stock’s 50 day moving average is $190.96 and its two-hundred day moving average is $182.10. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The stock has a market cap of $16.67 billion, a price-to-earnings ratio of 554.43, a price-to-earnings-growth ratio of 37.21 and a beta of 1.25.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of research reports. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Stifel Nicolaus lifted their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. The Goldman Sachs Group raised their target price on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, Oppenheimer lifted their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $204.50.

Institutional Investors Weigh In On Guidewire Software

Several large investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its holdings in Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after purchasing an additional 1,009,966 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock valued at $159,503,000 after buying an additional 418,642 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Guidewire Software by 242.2% in the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company’s stock worth $93,683,000 after buying an additional 393,445 shares during the period. Rathbones Group PLC purchased a new position in Guidewire Software in the 4th quarter valued at approximately $58,118,000. Finally, Balyasny Asset Management L.P. raised its holdings in Guidewire Software by 877.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock valued at $61,944,000 after acquiring an additional 329,863 shares during the period.

Guidewire Software Company Profile

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.