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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 274,730 shares of the company’s stock, valued at approximately $58,979,036.40. This trade represents a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 shares were 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 Stock Performance

NYSE GWRE opened at $214.50 on Wednesday. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The company has a 50-day simple moving average of $185.45 and a 200 day simple moving average of $177.93. 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 company has a market capitalization of $17.91 billion, a PE ratio of 595.83, a price-to-earnings-growth ratio of 56.59 and a beta of 1.25.

Institutional Trading of Guidewire Software

A number of large investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. increased its holdings in Guidewire Software by 68.9% during the fourth quarter. Prudential Financial Inc. now owns 14,143 shares of the technology company’s stock worth $2,384,000 after buying an additional 5,770 shares during the last quarter. Vanguard Group Inc. increased its holdings in Guidewire Software by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock worth $1,425,434,000 after buying an additional 90,618 shares during the last quarter. LPL Financial LLC increased its holdings in Guidewire Software by 34.9% during the fourth quarter. LPL Financial LLC now owns 50,704 shares of the technology company’s stock worth $8,548,000 after buying an additional 13,119 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Guidewire Software during the fourth quarter worth about $3,456,000. Finally, Sei Investments Co. increased its holdings in Guidewire Software by 1.2% during the fourth quarter. Sei Investments Co. now owns 362,183 shares of the technology company’s stock worth $61,057,000 after buying an additional 4,386 shares during the last quarter.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several research analyst reports. Royal Bank of Canada increased their target price 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. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. DA Davidson reissued a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a research note on Wednesday, December 4th. JMP Securities reissued a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Wells Fargo & Company raised their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the company 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 given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $204.50.

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.