Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CEO Sells 5,582 Shares of Stock

Guidewire Software, Inc. (NYSE:GWREGet Free Report) CEO Michael George Rosenbaum sold 5,582 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the transaction, the chief executive officer now owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Guidewire Software Trading Up 0.1 %

GWRE opened at $135.63 on Friday. Guidewire Software, Inc. has a 12 month low of $68.45 and a 12 month high of $138.15. The stock has a 50-day moving average of $119.67 and a 200 day moving average of $114.67. The firm has a market cap of $11.21 billion, a P/E ratio of -1,043.31 and a beta of 1.14.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Gotham Asset Management LLC boosted its position in shares of Guidewire Software by 253.3% during the third quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company’s stock valued at $1,126,000 after buying an additional 8,970 shares during the period. Vanguard Group Inc. boosted its position in shares of Guidewire Software by 0.5% during the third quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock valued at $724,092,000 after buying an additional 38,954 shares during the period. Alberta Investment Management Corp boosted its position in shares of Guidewire Software by 11.1% during the fourth quarter. Alberta Investment Management Corp now owns 33,678 shares of the technology company’s stock valued at $3,672,000 after buying an additional 3,355 shares during the period. Teca Partners LP boosted its position in shares of Guidewire Software by 31.1% during the fourth quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock valued at $21,328,000 after buying an additional 46,453 shares during the period. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Guidewire Software during the fourth quarter valued at approximately $204,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Guidewire Software in a report on Wednesday, June 5th. BTIG Research lifted their target price on Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Stifel Nicolaus lifted their target price on Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Bank of America lifted their target price on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a report on Wednesday, June 5th. Finally, Wells Fargo & Company lifted their target price on Guidewire Software from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. One equities 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.23.

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Guidewire Software Company Profile

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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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Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

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