Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum Sells 1,400 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $244,692.00. Following the completion of the sale, the chief executive officer now owns 280,330 shares of the company’s stock, valued at $48,996,077.40. This trade represents a 0.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 Performance

NYSE:GWRE opened at $174.60 on Thursday. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $209.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55. The firm has a market capitalization of $14.58 billion, a PE ratio of 485.00, a price-to-earnings-growth ratio of 46.15 and a beta of 1.23. The business’s fifty day moving average price is $183.62 and its 200 day moving average price is $169.38.

Analyst Ratings Changes

Several equities analysts recently issued reports on GWRE shares. Robert W. Baird increased their target price on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Wells Fargo & Company increased their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $193.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA lifted its stake in Guidewire Software by 24.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after purchasing an additional 679,558 shares during the last quarter. Linonia Partnership LP raised its holdings in Guidewire Software by 8.4% during the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after purchasing an additional 185,077 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Guidewire Software by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company’s stock worth $243,580,000 after buying an additional 6,223 shares during the last quarter. Whale Rock Capital Management LLC boosted its holdings in shares of Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after buying an additional 31,512 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Guidewire Software by 7.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company’s stock valued at $139,839,000 after buying an additional 53,967 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.