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 Monday, February 3rd. The shares were sold at an average price of $208.42, for a total transaction of $291,788.00. Following the transaction, the chief executive officer now directly owns 276,130 shares of the company’s stock, valued at approximately $57,551,014.60. This trade represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, January 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 stock was sold at an average price of $179.91, for a total value of $251,874.00.
• 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 value 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 0.6 %

Guidewire Software stock opened at $218.12 on Thursday. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $218.60. The stock has a fifty day moving average of $184.37 and a 200 day moving average of $175.73. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The stock has a market cap of $18.22 billion, a PE ratio of 605.90, a price-to-earnings-growth ratio of 54.93 and a beta of 1.25.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GWRE. The Goldman Sachs Group started coverage on shares of Guidewire Software in a research note on Thursday, January 23rd. They issued a “buy” rating and a $210.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Wells Fargo & Company increased their target price on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Oppenheimer lifted their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $202.00.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently made changes to their positions in GWRE. The Manufacturers Life Insurance Company raised its position in Guidewire Software by 17.1% in the second quarter. The Manufacturers Life Insurance Company now owns 23,660 shares of the technology company’s stock worth $3,262,000 after acquiring an additional 3,462 shares during the period. Creative Planning grew its holdings in Guidewire Software by 26.1% during the second quarter. Creative Planning now owns 13,211 shares of the technology company’s stock valued at $1,822,000 after purchasing an additional 2,731 shares during the period. Cetera Investment Advisers increased its position in Guidewire Software by 2.1% in the second quarter. Cetera Investment Advisers now owns 18,489 shares of the technology company’s stock worth $2,549,000 after buying an additional 372 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Guidewire Software in the second quarter worth about $429,000. Finally, GAMMA Investing LLC lifted its position in shares of Guidewire Software by 21.8% during the 3rd quarter. GAMMA Investing LLC now owns 926 shares of the technology company’s stock valued at $169,000 after buying an additional 166 shares in the last quarter.

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.