Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $152.52, for a total transaction of $183,024.00. Following the completion of the sale, the chief executive officer directly owned 277,266 shares in the company, valued at approximately $42,288,610.32. The trade was a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $142.65, for a total transaction of $171,180.00.
- On Monday, September 21st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $145.92, for a total transaction of $175,104.00.
- On Thursday, September 17th, Michael Rosenbaum sold 72,290 shares of Guidewire Software stock. The shares were sold at an average price of $144.47, for a total value of $10,443,736.30.
- On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $145.87, for a total value of $175,044.00.
- On Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.52, for a total value of $192,624.00.
- On Monday, August 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $204.44, for a total value of $245,328.00.
- On Monday, August 24th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $187.82, for a total value of $225,384.00.
- On Monday, August 17th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $172.88, for a total value of $207,456.00.
- On Monday, August 10th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $169.50, for a total transaction of $203,400.00.
- On Monday, August 3rd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.92, for a total transaction of $187,104.00.
Guidewire Software Price Performance
Shares of GWRE traded up $11.22 during trading hours on Monday, hitting $163.38. The stock had a trading volume of 2,116,653 shares, compared to its average volume of 1,370,603. The stock has a market capitalization of $13.60 billion, a price-to-earnings ratio of 100.23 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79. The company’s fifty day moving average is $165.77 and its two-hundred day moving average is $146.73. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $255.89.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Guidewire Software by 547.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after purchasing an additional 997,992 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Guidewire Software by 3.0% during the first quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock worth $78,492,000 after buying an additional 15,260 shares during the last quarter. Entropy Technologies LP acquired a new position in Guidewire Software in the fourth quarter valued at approximately $5,837,000. Weiss Asset Management LP acquired a new position in Guidewire Software in the first quarter valued at approximately $6,087,000. Finally, Los Angeles Capital Management LLC boosted its stake in Guidewire Software by 6.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 128,447 shares of the technology company’s stock valued at $25,819,000 after acquiring an additional 7,459 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on GWRE. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, September 4th. Robert W. Baird lifted their price objective on Guidewire Software from $202.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Friday, September 4th. Citigroup increased their target price on Guidewire Software from $137.00 to $181.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Monday, August 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $216.23.
Get Our Latest Analysis on Guidewire Software
About Guidewire Software
Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.
The company’s principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.
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