Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael Rosenbaum sold 72,290 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $144.47, for a total value of $10,443,736.30. Following the completion of the sale, the chief executive officer owned 280,866 shares in the company, valued at approximately $40,576,711.02. The trade was a 20.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, September 21st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $145.92, for a total transaction of $175,104.00.
- On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $145.87, for a total transaction of $175,044.00.
- On Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.52, for a total transaction of $192,624.00.
- 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 shares were 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 shares were sold at an average price of $138.47, for a total value of $166,164.00.
Guidewire Software Trading Up 3.5%
NYSE:GWRE traded up $5.10 during midday trading on Monday, hitting $149.39. The stock had a trading volume of 990,880 shares, compared to its average volume of 1,595,100. The stock has a 50-day moving average of $164.08 and a 200 day moving average of $147.50. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of 91.65 and a beta of 0.97. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $255.89. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57.
Institutional Trading of Guidewire Software
Several hedge funds have recently modified their holdings of GWRE. Bamco Inc. NY bought a new position in shares of Guidewire Software during the 2nd quarter worth approximately $1,106,768,000. Linonia Partnership LP purchased a new stake in Guidewire Software during the second quarter valued at approximately $853,165,000. Geode Capital Management LLC boosted its stake in Guidewire Software by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after acquiring an additional 145,924 shares in the last quarter. Route One Investment Company L.P. acquired a new stake in Guidewire Software in the second quarter valued at approximately $227,564,000. Finally, Capital World Investors purchased a new position in Guidewire Software in the fourth quarter worth $202,405,000.
Wall Street Analysts Forecast Growth
GWRE has been the subject of a number of research reports. Citigroup upped their price objective on shares of Guidewire Software from $137.00 to $181.00 and gave the stock a “neutral” rating in a research note on Friday, September 4th. JPMorgan Chase & Co. reduced their price target on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. BTIG Research upped their price target on shares of Guidewire Software from $175.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Wells Fargo & Company increased their price objective on shares of Guidewire Software from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $215.00 price objective on shares of Guidewire Software in a report on Friday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $216.23.
Read Our Latest Stock Analysis on GWRE
About Guidewire Software
Guidewire Software, Inc (NYSE: GWRE) provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.
The company’s principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.
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