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 Guidewire Software stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $179.91, for a total value of $251,874.00. Following the completion of the transaction, the chief executive officer now directly owns 278,930 shares of the company’s stock, valued at approximately $50,182,296.30. This represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 shares were 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 transaction of $1,014,727.92.

Guidewire Software Stock Performance

Shares of GWRE traded up $2.96 during mid-day trading on Tuesday, hitting $181.54. 695,607 shares of the company’s stock were exchanged, compared to its average volume of 784,209. The firm has a market capitalization of $15.16 billion, a P/E ratio of 504.27, a P/E/G ratio of 46.43 and a beta of 1.23. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $209.15. The business’s 50 day moving average is $182.65 and its two-hundred day moving average is $170.44. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Robert W. Baird increased their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Stifel Nicolaus boosted their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. DA Davidson reaffirmed a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Oppenheimer increased their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $193.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc acquired a new position in Guidewire Software in the 4th quarter valued at $25,000. Assetmark Inc. raised its holdings in Guidewire Software by 537.0% during the third 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 acquired a new stake in Guidewire Software in the third quarter valued at about $33,000. Brooklyn Investment Group purchased a new stake in Guidewire Software in the 3rd quarter valued at approximately $42,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Guidewire Software during the 2nd quarter worth approximately $55,000.

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.