Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $131.63, for a total value of $157,956.00. Following the transaction, the chief executive officer owned 196,176 shares in the company, valued at $25,822,646.88. The trade was a 0.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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, June 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 shares were 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 value of $162,744.00.
- On Monday, June 1st, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 shares were sold at an average price of $138.51, for a total value of $166,212.00.
- On Monday, May 18th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $128.19, for a total transaction of $153,828.00.
- On Monday, May 11th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $136.38, for a total transaction of $163,656.00.
- On Monday, May 4th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $141.91, for a total transaction of $170,292.00.
- On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.09, for a total transaction of $165,708.00.
Guidewire Software Stock Performance
Shares of NYSE:GWRE opened at $135.75 on Thursday. The company’s 50 day simple moving average is $131.34 and its 200 day simple moving average is $146.47. The stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 73.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. Guidewire Software, Inc. has a 1 year low of $102.30 and a 1 year high of $272.60.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. increased its position in shares of Guidewire Software by 10.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 7,151 shares of the technology company’s stock worth $880,000 after buying an additional 682 shares during the period. Elevation Wealth Partners LLC boosted its position in Guidewire Software by 35.1% during the second quarter. Elevation Wealth Partners LLC now owns 458 shares of the technology company’s stock valued at $56,000 after acquiring an additional 119 shares during the last quarter. Avior Wealth Management LLC bought a new stake in Guidewire Software during the second quarter valued at $225,000. Harbor Investment Advisory LLC grew its holdings in Guidewire Software by 18.8% during the 2nd quarter. Harbor Investment Advisory LLC now owns 2,940 shares of the technology company’s stock worth $362,000 after acquiring an additional 465 shares during the period. Finally, CX Institutional grew its holdings in Guidewire Software by 493.3% during the 2nd quarter. CX Institutional now owns 795 shares of the technology company’s stock worth $98,000 after acquiring an additional 661 shares during the period.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on GWRE. Oppenheimer decreased 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. Wells Fargo & Company cut their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. The Goldman Sachs Group reduced their price objective on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. DA Davidson decreased their price objective on Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a report on Monday, June 8th. Finally, Stifel Nicolaus lowered their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus price target of $221.36.
Get Our Latest Research Report on GWRE
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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