Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CEO Sells 1,400 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $201.90, for a total value of $282,660.00. Following the sale, the chief executive officer now owns 277,530 shares in the company, valued at approximately $56,033,307. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, January 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 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 opened at $207.58 on Thursday. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $212.00. The company has a 50 day moving average of $183.20 and a two-hundred day moving average of $173.18. The company has a market cap of $17.34 billion, a P/E ratio of 576.60, a P/E/G ratio of 47.71 and a beta of 1.23. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Institutional Trading of Guidewire Software

A number of institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its stake in shares of 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 in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Guidewire Software by 18,001.5% during the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after buying an additional 256,702 shares during the period. Point72 Asset Management L.P. purchased a new position in Guidewire Software in the 3rd quarter worth approximately $26,501,000. Janus Henderson Group PLC grew its position in Guidewire Software by 355.8% in the third quarter. Janus Henderson Group PLC now owns 162,447 shares of the technology company’s stock valued at $29,719,000 after acquiring an additional 126,806 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised 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 purchasing an additional 118,369 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Oppenheimer raised their price objective on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. JPMorgan Chase & Co. upped their target price on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. The Goldman Sachs Group started coverage on Guidewire Software in a research note on Thursday, January 23rd. They issued a “buy” rating and a $210.00 price target on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $196.08.

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.