Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells $167,700.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $139.75, for a total value of $167,700.00. Following the transaction, the chief executive officer owned 215,206 shares of the company’s stock, valued at $30,075,038.50. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $118.77, for a total value of $142,524.00.
• On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $151.14, for a total value of $181,368.00.
• On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.56, for a total value of $186,672.00.
• On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The stock was sold at an average price of $163.86, for a total value of $776,204.82.
• On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.00, for a total value of $192,000.00.
• On Monday, March 9th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $166.34, for a total value of $199,608.00.
• On Monday, February 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $125.50, for a total value of $150,600.00.
• On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $127.00, for a total value of $152,400.00.
• On Monday, February 2nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $140.01, for a total value of $168,012.00.
• On Monday, January 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.32, for a total value of $192,384.00.

Guidewire Software Price Performance

Shares of GWRE opened at $142.77 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.93 and a current ratio of 2.93. The stock has a 50 day simple moving average of $144.12 and a 200 day simple moving average of $180.91. Guidewire Software, Inc. has a 52-week low of $115.57 and a 52-week high of $272.60. The firm has a market capitalization of $12.09 billion, a PE ratio of 64.90, a P/E/G ratio of 6.08 and a beta of 1.05.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.40. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The business had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. During the same period in the previous year, the firm earned $0.51 EPS. Guidewire Software’s quarterly revenue was up 24.0% compared to the same quarter last year. Sell-side analysts predict that Guidewire Software, Inc. will post 1.84 EPS for the current fiscal year.

Guidewire Software declared that its Board of Directors has initiated a stock buyback plan on Thursday, January 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Guidewire Software

A number of large investors have recently bought and sold shares of GWRE. Wealth Enhancement Advisory Services LLC raised its stake in shares of Guidewire Software by 57.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 51,694 shares of the technology company’s stock worth $11,735,000 after purchasing an additional 18,774 shares in the last quarter. Scalar Gauge Management LLC bought a new stake in shares of Guidewire Software during the 3rd quarter worth approximately $5,287,000. BDF Gestion bought a new stake in shares of Guidewire Software during the 4th quarter worth approximately $1,803,000. Dynamic Technology Lab Private Ltd raised its stake in shares of Guidewire Software by 901.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 9,110 shares of the technology company’s stock worth $2,094,000 after purchasing an additional 8,200 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Guidewire Software by 3.4% during the 3rd quarter. American Century Companies Inc. now owns 520,390 shares of the technology company’s stock worth $119,617,000 after purchasing an additional 17,104 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research report on Thursday, January 22nd. BTIG Research boosted their price objective on Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Wells Fargo & Company decreased their price objective on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. DA Davidson reiterated a “buy” rating and issued a $246.00 price objective on shares of Guidewire Software in a research report on Tuesday, March 10th. Finally, Zacks Research raised Guidewire Software from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $249.85.

About Guidewire Software

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.