Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $251,874.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 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 value of $1,014,727.92.

Guidewire Software Trading Up 1.7 %

Shares of GWRE stock traded up $2.96 on Tuesday, hitting $181.54. 695,607 shares of the stock traded hands, compared to its average volume of 784,209. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $209.15. The stock has a market capitalization of $15.16 billion, a PE ratio of 504.27, a PEG ratio of 46.43 and a beta of 1.23. The firm’s 50-day moving average price is $182.65 and its two-hundred day moving average price is $170.44. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GWRE. Robert W. Baird lifted their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. JMP Securities reissued a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $193.00.

Institutional Trading of Guidewire Software

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hanseatic Management Services Inc. raised its position in Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after purchasing an additional 58 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Guidewire Software by 21.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after buying an additional 60 shares during the period. CIBC Asset Management Inc increased its position in shares of Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after acquiring an additional 87 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Guidewire Software by 1.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock valued at $1,252,000 after acquiring an additional 116 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Guidewire Software by 2.4% in the 3rd quarter. Signaturefd LLC now owns 6,051 shares of the technology company’s stock worth $1,107,000 after acquiring an additional 139 shares during 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.