Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $284,382.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $284,382.00. Following the completion of the sale, the chief executive officer now directly owns 270,530 shares of the company’s stock, valued at approximately $54,952,758.90. This trade represents a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, February 24th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $203.65, for a total value of $285,110.00.
• On Tuesday, February 18th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $212.42, for a total value of $297,388.00.
• On Monday, February 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $214.68, for a total value of $300,552.00.
• On Monday, February 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $208.42, for a total value of $291,788.00.
• 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 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 stock was sold at an average price of $171.06, for a total transaction of $1,014,727.92.

Guidewire Software Price Performance

GWRE stock traded down $4.94 during trading on Monday, reaching $196.38. 852,897 shares of the company were exchanged, compared to its average volume of 1,299,885. 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’s 50 day moving average price is $193.07 and its 200 day moving average price is $183.61. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The company has a market cap of $16.40 billion, a P/E ratio of 545.50, a PEG ratio of 37.21 and a beta of 1.25.

Analyst Upgrades and Downgrades

GWRE has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Robert W. Baird upped their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Wells Fargo & Company raised their target price on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and an average target price of $204.50.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently modified their holdings of GWRE. Mackenzie Financial Corp purchased a new position in Guidewire Software in the 4th quarter valued at approximately $11,827,000. Forum Financial Management LP grew its holdings in Guidewire Software by 31.6% in the fourth quarter. Forum Financial Management LP now owns 1,455 shares of the technology company’s stock valued at $245,000 after purchasing an additional 349 shares during the last quarter. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Guidewire Software in the fourth quarter valued at $1,172,000. Public Employees Retirement System of Ohio raised its stake in shares of Guidewire Software by 25.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 40,121 shares of the technology company’s stock worth $6,764,000 after buying an additional 8,062 shares during the last quarter. Finally, Vise Technologies Inc. boosted its position in shares of Guidewire Software by 160.9% in the 4th quarter. Vise Technologies Inc. now owns 2,909 shares of the technology company’s stock worth $490,000 after buying an additional 1,794 shares in the last quarter.

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.