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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $179.91, for a total transaction of $251,874.00. Following the completion of the sale, the chief executive officer now directly owns 278,930 shares in the company, valued at approximately $50,182,296.30. The trade was a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 stock was sold at an average price of $171.06, for a total value of $1,014,727.92.

Guidewire Software Stock Up 1.1 %

Shares of Guidewire Software stock opened at $183.44 on Thursday. The business has a fifty day simple moving average of $182.12 and a 200 day simple moving average of $170.82. The stock has a market cap of $15.32 billion, a PE ratio of 509.55, a price-to-earnings-growth ratio of 46.43 and a beta of 1.23. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $209.15.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GWRE shares. Wells Fargo & Company lifted 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. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada increased their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $193.00.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently modified their holdings of the stock. KBC Group NV raised its position in shares of Guidewire Software by 916.0% in the 4th quarter. KBC Group NV now owns 21,203 shares of the technology company’s stock valued at $3,574,000 after acquiring an additional 19,116 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Guidewire Software during the fourth quarter worth $2,979,000. Blue Trust Inc. boosted its position in shares of Guidewire Software by 254.7% during the fourth quarter. Blue Trust Inc. now owns 642 shares of the technology company’s stock worth $117,000 after purchasing an additional 461 shares in the last quarter. Donoghue Forlines LLC bought a new stake in shares of Guidewire Software in the 4th quarter valued at $2,110,000. Finally, Janney Montgomery Scott LLC raised its stake in Guidewire Software by 7.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,164 shares of the technology company’s stock worth $1,713,000 after buying an additional 699 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.