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 stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $214.68, for a total transaction of $300,552.00. Following the transaction, the chief executive officer now owns 274,730 shares of the company’s stock, valued at $58,979,036.40. This represents a 0.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 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 stock was 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 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 shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92.

Guidewire Software Trading Down 1.7 %

GWRE stock opened at $214.50 on Wednesday. The company has a market capitalization of $17.91 billion, a PE ratio of 595.83, a price-to-earnings-growth ratio of 56.59 and a beta of 1.25. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The company’s 50 day moving average price is $185.45 and its two-hundred day moving average price is $177.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Versant Capital Management Inc purchased a new position in shares of Guidewire Software during the fourth quarter worth approximately $25,000. Assetmark Inc. increased its stake in shares of Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after buying an additional 145 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Guidewire Software in the third quarter worth $33,000. Cullen Frost Bankers Inc. purchased a new position in shares of Guidewire Software in the fourth quarter worth $34,000. Finally, Brooklyn Investment Group purchased a new position in shares of Guidewire Software in the third quarter worth $42,000.

Analyst Ratings Changes

A number of research firms have recently commented on GWRE. JMP Securities restated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. Royal Bank of Canada raised their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Robert W. Baird raised their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company raised their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $204.50.

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.