Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $160.52, for a total transaction of $192,624.00. Following the completion of the sale, the chief executive officer directly owned 185,376 shares in the company, valued at $29,756,555.52. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $204.44, for a total transaction 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 transaction of $225,384.00.
- On Monday, August 17th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $172.88, for a total transaction of $207,456.00.
- On Monday, August 10th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 shares were sold at an average price of $155.92, for a total transaction of $187,104.00.
- On Monday, July 27th, Michael 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 Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.47, for a total value of $166,164.00.
- On Monday, July 6th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $131.63, for a total value of $157,956.00.
- On Monday, June 22nd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $105.67, for a total value of $126,804.00.
- On Tuesday, June 16th, Michael Rosenbaum sold 5,830 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total value of $692,254.20.
Guidewire Software Stock Down 7.8%
Shares of NYSE:GWRE opened at $149.72 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 2.44 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $162.42 and a two-hundred day simple moving average of $146.94. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $262.93. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 91.85 and a beta of 0.97.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on GWRE shares. Robert W. Baird raised their price objective on shares of Guidewire Software from $202.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Piper Sandler reiterated an “overweight” rating and set a $210.00 price target on shares of Guidewire Software in a report on Friday, September 4th. The Goldman Sachs Group reduced their price target on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a report on Monday, August 31st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and an average target price of $216.23.
Check Out Our Latest Research Report on Guidewire Software
Institutional Trading of Guidewire Software
Institutional investors have recently made changes to their positions in the stock. Baird Financial Group Inc. grew its stake in shares of Guidewire Software by 86.8% in the second quarter. Baird Financial Group Inc. now owns 2,811 shares of the technology company’s stock worth $346,000 after acquiring an additional 1,306 shares during the period. Nykredit A S purchased a new stake in Guidewire Software in the second quarter worth approximately $360,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Guidewire Software in the 2nd quarter worth approximately $1,116,000. Vancity Investment Management Ltd grew its position in Guidewire Software by 24.0% in the 2nd quarter. Vancity Investment Management Ltd now owns 8,525 shares of the technology company’s stock worth $1,049,000 after purchasing an additional 1,651 shares during the period. Finally, California State Teachers Retirement System raised its stake in Guidewire Software by 11,874.0% during the 2nd quarter. California State Teachers Retirement System now owns 11,757,428 shares of the technology company’s stock valued at $1,446,752,000 after buying an additional 11,659,237 shares during 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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