By otakuyassine3@gmail.com 
Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the sale, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. This represents a 2.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Guidewire Software Trading Up 1.2 %
NYSE:GWRE traded up $2.03 during mid-day trading on Wednesday, reaching $174.52. The company’s stock had a trading volume of 2,391,480 shares, compared to its average volume of 747,338. Guidewire Software, Inc. has a twelve month low of $102.66 and a twelve month high of $209.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55. The company’s fifty day simple moving average is $189.99 and its two-hundred day simple moving average is $163.80. The stock has a market cap of $14.58 billion, a P/E ratio of 484.78, a P/E/G ratio of 45.60 and a beta of 1.18.
Institutional Trading of Guidewire Software
Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after buying an additional 79 shares in the last quarter. CIBC Asset Management Inc lifted its position in Guidewire Software by 3.7% during the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock valued at $448,000 after buying an additional 87 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Guidewire Software by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after buying an additional 116 shares during the period. Finally, Legacy Advisors LLC increased its position in shares of Guidewire Software by 1.6% in the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock worth $1,148,000 after acquiring an additional 135 shares in the last quarter.
Wall Street Analyst Weigh In
Several research firms have recently commented on GWRE. JMP Securities reissued a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. BTIG Research upped their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Oppenheimer boosted their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.
Read Our Latest Stock Analysis on Guidewire Software
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.
Further Reading
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