Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum Sells 5,582 Shares

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 5,582 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total transaction of $751,002.28. Following the transaction, the chief executive officer now directly owns 239,793 shares in the company, valued at approximately $32,261,750.22. The transaction was disclosed in a filing with the SEC, which is available through this link.

Guidewire Software Stock Performance

NYSE:GWRE opened at $135.53 on Wednesday. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of -1,042.46 and a beta of 1.14. Guidewire Software, Inc. has a 52 week low of $68.45 and a 52 week high of $138.15. The firm has a 50-day moving average price of $118.75 and a two-hundred day moving average price of $114.38.

Institutional Investors Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Partners Capital Investment Group LLP increased its stake in Guidewire Software by 2.9% in the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock valued at $378,000 after buying an additional 99 shares during the last quarter. Greenwich Wealth Management LLC increased its stake in shares of Guidewire Software by 0.3% during the 4th quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock worth $4,051,000 after purchasing an additional 101 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after purchasing an additional 132 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Guidewire Software by 8.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock worth $197,000 after purchasing an additional 142 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Guidewire Software by 18.4% during the 4th quarter. CWM LLC now owns 1,154 shares of the technology company’s stock worth $126,000 after purchasing an additional 179 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Oppenheimer upped their target price on shares of Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. Citigroup upped their target price on shares of Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a report on Tuesday, June 4th. JPMorgan Chase & Co. upped their target price on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $130.00 target price on shares of Guidewire Software in a report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $129.23.

Guidewire Software Company Profile

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.