Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $291,788.00 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 3rd. The stock was sold at an average price of $208.42, for a total transaction of $291,788.00. Following the completion of the transaction, the chief executive officer now directly owns 276,130 shares of the company’s stock, valued at $57,551,014.60. This represents a 0.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $218.12 on Thursday. The stock has a market cap of $18.22 billion, a price-to-earnings ratio of 605.90, a price-to-earnings-growth ratio of 54.93 and a beta of 1.25. 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 50 day moving average price of $184.37 and a 200-day moving average price of $175.73. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $218.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in shares of Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock valued at $626,918,000 after acquiring an additional 679,558 shares during the period. International Assets Investment Management LLC raised its position in Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after purchasing an additional 256,702 shares during the period. Point72 Asset Management L.P. bought a new stake in Guidewire Software in the third quarter worth about $26,501,000. Janus Henderson Group PLC boosted its position in shares of Guidewire Software by 355.8% during the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock valued at $29,719,000 after buying an additional 126,806 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Guidewire Software by 370.4% during the third quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company’s stock valued at $27,501,000 after buying an additional 118,369 shares during the last quarter.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of research reports. Robert W. Baird upped their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company increased their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Stifel Nicolaus lifted their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. JMP Securities reissued a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Royal Bank of Canada raised their price target on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.00.

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.