Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $231.85, for a total transaction of $324,590.00. Following the completion of the sale, the chief executive officer owned 255,158 shares of the company’s stock, valued at approximately $59,158,382.30. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, October 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $255.40, for a total transaction of $357,560.00.
- On Monday, October 20th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $245.70, for a total transaction of $343,980.00.
- On Monday, October 13th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $239.71, for a total transaction of $335,594.00.
- On Monday, October 6th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $230.08, for a total transaction of $322,112.00.
- On Monday, September 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $232.25, for a total transaction of $325,150.00.
- On Monday, September 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $244.55, for a total transaction of $342,370.00.
- On Tuesday, September 16th, Michael George Rosenbaum sold 30,317 shares of Guidewire Software stock. The stock was sold at an average price of $242.87, for a total transaction of $7,363,089.79.
- On Monday, September 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $252.83, for a total transaction of $353,962.00.
- On Monday, September 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $261.28, for a total transaction of $365,792.00.
- On Tuesday, September 2nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $214.30, for a total transaction of $300,020.00.
Guidewire Software Stock Down 2.1%
GWRE stock opened at $223.19 on Wednesday. The stock has a market capitalization of $18.87 billion, a P/E ratio of 278.99, a P/E/G ratio of 14.73 and a beta of 1.21. The firm has a 50-day simple moving average of $238.92 and a 200-day simple moving average of $227.82. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.46. Guidewire Software, Inc. has a 52 week low of $165.08 and a 52 week high of $272.60.
Institutional Investors Weigh In On Guidewire Software
Hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new stake in Guidewire Software during the 3rd quarter worth approximately $29,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Guidewire Software in the 2nd quarter valued at approximately $30,000. SBI Securities Co. Ltd. increased its position in shares of Guidewire Software by 403.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company’s stock valued at $25,000 after purchasing an additional 105 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Guidewire Software in the 1st quarter valued at approximately $25,000. Finally, Westside Investment Management Inc. purchased a new stake in shares of Guidewire Software in the 2nd quarter valued at approximately $32,000.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on GWRE. Citigroup upped their price objective on shares of Guidewire Software from $247.00 to $267.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $265.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Stifel Nicolaus increased their price objective on shares of Guidewire Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 price objective (up previously from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.08.
View Our Latest Stock Analysis on Guidewire Software
About Guidewire Software
Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.
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