Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $105.67, for a total value of $126,804.00. Following the completion of the transaction, the chief executive officer directly owned 198,576 shares of the company’s stock, valued at approximately $20,983,525.92. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The stock was sold at an average price of $118.74, for a total value of $692,254.20.
- On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $123.85, for a total value of $148,620.00.
- On Monday, June 8th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $135.62, for a total value of $162,744.00.
- On Monday, June 1st, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 transaction of $166,212.00.
- On Monday, May 18th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $128.19, for a total transaction of $153,828.00.
- On Monday, May 11th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $136.38, for a total transaction of $163,656.00.
- On Monday, May 4th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $141.91, for a total transaction of $170,292.00.
- On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.09, for a total transaction of $165,708.00.
- On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $139.75, for a total transaction of $167,700.00.
Guidewire Software Trading Up 0.8%
NYSE:GWRE opened at $110.53 on Thursday. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The firm has a 50 day moving average of $133.24 and a 200 day moving average of $151.51. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 59.75 and a beta of 0.93.
Analysts Set New Price Targets
GWRE has been the topic of several research analyst reports. Stifel Nicolaus dropped their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. Citizens Jmp decreased their price target on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research note on Friday, June 5th. Royal Bank Of Canada lowered their price target on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, June 5th. DA Davidson dropped their price target on Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Finally, The Goldman Sachs Group cut 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, June 5th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $223.64.
View Our Latest Report on GWRE
Institutional Investors Weigh In On Guidewire Software
A number of large investors have recently made changes to their positions in GWRE. Pacer Advisors Inc. raised its stake in Guidewire Software by 3.5% in the 1st quarter. Pacer Advisors Inc. now owns 13,996 shares of the technology company’s stock worth $2,093,000 after acquiring an additional 468 shares during the last quarter. Empowered Funds LLC lifted its position in Guidewire Software by 239.1% during the 1st quarter. Empowered Funds LLC now owns 7,538 shares of the technology company’s stock worth $1,127,000 after acquiring an additional 5,315 shares during the period. Parallel Advisors LLC grew its stake in Guidewire Software by 44.7% during the 1st quarter. Parallel Advisors LLC now owns 4,561 shares of the technology company’s stock valued at $682,000 after purchasing an additional 1,409 shares during the last quarter. Glenmede Trust Co. NA grew its stake in Guidewire Software by 35.5% during the 1st quarter. Glenmede Trust Co. NA now owns 2,030 shares of the technology company’s stock valued at $304,000 after purchasing an additional 532 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Guidewire Software in the first quarter valued at about $637,000.
Guidewire Software Company Profile
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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