Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $169.50, for a total value of $203,400.00. Following the transaction, the chief executive officer owned 190,176 shares of the company’s stock, valued at approximately $32,234,832. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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, August 3rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.92, for a total transaction of $187,104.00.
- On Monday, July 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.31, for a total transaction of $170,772.00.
- On Monday, July 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.47, for a total transaction of $166,164.00.
- On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $131.63, for a total transaction of $157,956.00.
- On Monday, June 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $105.67, for a total transaction of $126,804.00.
- 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 transaction of $692,254.20.
- On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $123.85, for a total transaction 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 transaction 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 value of $166,212.00.
Guidewire Software Trading Up 2.0%
GWRE opened at $176.48 on Wednesday. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. 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 business has a fifty day simple moving average of $137.01 and a 200-day simple moving average of $140.44. The firm has a market cap of $14.69 billion, a P/E ratio of 95.39 and a beta of 0.92.
Hedge Funds Weigh In On Guidewire Software
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital World Investors acquired a new stake in Guidewire Software in the fourth quarter valued at $202,405,000. Principal Financial Group Inc. boosted its position in shares of Guidewire Software by 547.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after acquiring an additional 997,992 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Guidewire Software by 405.1% in the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock valued at $126,743,000 after acquiring an additional 431,725 shares during the last quarter. Stockbridge Partners LLC increased its holdings in shares of Guidewire Software by 39.0% in the 4th quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock valued at $290,501,000 after acquiring an additional 405,850 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Guidewire Software by 179.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 628,759 shares of the technology company’s stock worth $94,037,000 after acquiring an additional 403,370 shares in the last quarter.
Analyst Ratings Changes
Several research firms have recently commented on GWRE. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Oppenheimer cut their target price on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. Piper Sandler assumed coverage on shares of Guidewire Software in a report on Monday. They set an “overweight” rating and a $210.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Finally, Stifel Nicolaus dropped their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus price target of $220.21.
View Our Latest Stock Analysis on Guidewire Software
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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