Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $244,692.00. Following the sale, the chief executive officer now owns 280,330 shares in the company, valued at approximately $48,996,077.40. The trade was a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
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 shares were sold at an average price of $171.06, for a total value of $1,014,727.92.
Guidewire Software Trading Up 1.5 %
NYSE GWRE traded up $2.63 during trading hours on Wednesday, hitting $174.60. 678,675 shares of the company's stock were exchanged, compared to its average volume of 781,808. The business's 50 day moving average is $183.96 and its 200-day moving average is $169.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $209.15. The firm has a market capitalization of $14.58 billion, a P/E ratio of 485.00, a price-to-earnings-growth ratio of 46.15 and a beta of 1.23.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. DA Davidson reissued a "buy" rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. Stifel Nicolaus increased their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Wells Fargo & Company raised their price objective 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. Royal Bank of Canada increased their target price on Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Finally, Oppenheimer boosted their price target on Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $193.00.
Check Out Our Latest Analysis on Guidewire Software
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of GWRE. Versant Capital Management Inc purchased a new stake in Guidewire Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. boosted its holdings in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after purchasing an additional 145 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Guidewire Software during the 3rd quarter valued at $33,000. Brooklyn Investment Group acquired a new stake in shares of Guidewire Software during the 3rd quarter worth $42,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Guidewire Software in the 2nd quarter worth $55,000.
About Guidewire Software
(
Get Free Report)
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.
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