Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $135.62, for a total value of $162,744.00. Following the transaction, the chief executive officer owned 206,806 shares of the company’s stock, valued at $28,047,029.72. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, June 1st, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $158.92, for a total value of $190,704.00.
- On Tuesday, May 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.51, for a total value of $166,212.00.
- On Monday, May 18th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $128.19, for a total value of $153,828.00.
- On Monday, May 11th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $136.38, for a total value of $163,656.00.
- On Monday, May 4th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $141.91, for a total value of $170,292.00.
- On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.09, for a total value of $165,708.00.
- On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $139.75, for a total value of $167,700.00.
- On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $118.77, for a total value of $142,524.00.
- On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $151.14, for a total value of $181,368.00.
- On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.56, for a total transaction of $186,672.00.
Guidewire Software Trading Down 6.5%
Shares of GWRE stock traded down $8.82 during trading hours on Monday, hitting $127.24. 1,984,928 shares of the company’s stock traded hands, compared to its average volume of 1,616,278. The stock has a market cap of $10.77 billion, a PE ratio of 68.78 and a beta of 0.93. Guidewire Software, Inc. has a 12 month low of $115.57 and a 12 month high of $272.60. The stock’s 50 day simple moving average is $140.07 and its 200 day simple moving average is $160.52. The company has a quick ratio of 2.93, a current ratio of 2.44 and a debt-to-equity ratio of 0.51.
Analyst Upgrades and Downgrades
A number of analysts have commented on GWRE shares. Oppenheimer cut their price target on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. Stifel Nicolaus dropped their price objective on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday. Citizens Jmp dropped their price objective on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a report on Friday. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, The Goldman Sachs Group dropped their price objective on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $229.00.
View Our Latest Research Report on GWRE
Institutional Investors Weigh In On Guidewire Software
Several hedge funds and other institutional investors have recently made changes to their positions in GWRE. Advisors Asset Management Inc. bought a new stake in shares of Guidewire Software during the first quarter worth about $25,000. Amundi increased its position in shares of Guidewire Software by 703.0% during the second quarter. Amundi now owns 36,093 shares of the technology company’s stock worth $8,220,000 after acquiring an additional 31,598 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Guidewire Software during the second quarter worth about $305,000. Bank of Nova Scotia increased its position in shares of Guidewire Software by 30.9% during the second quarter. Bank of Nova Scotia now owns 2,024 shares of the technology company’s stock worth $477,000 after acquiring an additional 478 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Guidewire Software by 30.6% during the second quarter. NewEdge Advisors LLC now owns 4,911 shares of the technology company’s stock worth $1,156,000 after acquiring an additional 1,152 shares in the last quarter.
About Guidewire Software
Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.
Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.
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