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 firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $179.91, for a total value of $251,874.00. Following the completion of the sale, the chief executive officer now directly owns 278,930 shares in the company, valued at approximately $50,182,296.30. This represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $244,692.00.
• 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 Price Performance

GWRE opened at $206.30 on Friday. The company has a fifty day moving average price of $182.34 and a two-hundred day moving average price of $171.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $212.00. The firm has a market capitalization of $17.23 billion, a PE ratio of 573.06, a P/E/G ratio of 47.19 and a beta of 1.23.

Analysts Set New Price Targets

GWRE has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. JMP Securities reissued a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Finally, Stifel Nicolaus lifted their target price on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $196.08.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently made changes to their positions in GWRE. Versant Capital Management Inc bought a new position in Guidewire Software during the 4th quarter worth about $25,000. Assetmark Inc. increased its holdings in Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Guidewire Software during the 3rd quarter worth about $33,000. Brooklyn Investment Group bought a new position in Guidewire Software during the 3rd quarter worth about $42,000. Finally, R Squared Ltd bought a new position in Guidewire Software during the 4th quarter worth about $47,000.

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.