Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $300,552.00 in Stock

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 Monday, February 10th. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00. Following the transaction, the chief executive officer now owns 274,730 shares of the company's stock, valued at $58,979,036.40. This trade represents a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction 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 stock was 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 Trading Down 2.0 %

Shares of GWRE stock traded down $4.36 during mid-day trading on Friday, reaching $212.28. The stock had a trading volume of 642,265 shares, compared to its average volume of 1,407,619. The stock's 50-day moving average price is $185.82 and its two-hundred day moving average price is $178.46. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The firm has a market capitalization of $17.73 billion, a PE ratio of 589.67, a price-to-earnings-growth ratio of 56.59 and a beta of 1.25. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GWRE. Robert W. Baird lifted their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Royal Bank of Canada boosted their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Oppenheimer boosted their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. DA Davidson reissued a "buy" rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an "overweight" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Guidewire Software presently has an average rating of "Moderate Buy" and a consensus target price of $204.50.

Hedge Funds Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc bought a new position in Guidewire Software during the fourth quarter valued at approximately $25,000. Assetmark Inc. lifted its position in Guidewire Software by 537.0% during the third 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 period. Ossiam bought a new position in Guidewire Software during the fourth quarter valued at approximately $29,000. Point72 Hong Kong Ltd bought a new position in Guidewire Software during the third quarter valued at approximately $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares during the period.

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.