Michael George Rosenbaum Sells 1,200 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction on Monday, June 15th. The shares were sold at an average price of $123.85, for a total value of $148,620.00. Following the completion of the sale, the chief executive officer directly owned 205,606 shares of the company’s stock, valued at approximately $25,464,303.10. This represents a 0.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michael George Rosenbaum also recently made the following trade(s):

• On Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total value of $692,254.20.
• 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 shares were 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 shares were sold at an average price of $128.19, for a total value 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 value 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 value of $170,292.00.
• On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.09, for a total value of $165,708.00.
• On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $139.75, for a total value of $167,700.00.
• On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $118.77, for a total value of $142,524.00.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $111.32 on Thursday. The company has a market cap of $9.27 billion, a P/E ratio of 60.17 and a beta of 0.93. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a 52 week low of $111.08 and a 52 week high of $272.60. The business has a fifty day simple moving average of $135.48 and a 200-day simple moving average of $155.26.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter last year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. Equities research analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GWRE shares. Citizens Jmp reduced their target price on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a report on Friday, June 5th. The Goldman Sachs Group reduced their target price on Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Royal Bank Of Canada reduced their price objective on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Finally, DA Davidson reduced their price objective on Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $229.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Guidewire Software by 1.3% during the third quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock worth $2,077,791,000 after purchasing an additional 116,726 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Guidewire Software by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock worth $357,504,000 after purchasing an additional 145,924 shares in the last quarter. Stockbridge Partners LLC lifted its stake in shares of Guidewire Software by 39.0% during the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock worth $290,501,000 after purchasing an additional 405,850 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Guidewire Software by 3.6% during the fourth quarter. AQR Capital Management LLC now owns 1,316,817 shares of the technology company’s stock worth $264,693,000 after purchasing an additional 45,289 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Guidewire Software by 547.3% during the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after purchasing an additional 997,992 shares in the last quarter.

More Guidewire Software News

Here are the key news stories impacting Guidewire Software this week:

• Neutral Sentiment: The company reported strong fiscal Q4 results on June 4, beating EPS and revenue estimates and posting 26.9% year-over-year revenue growth, which remains a fundamental positive for GWRE.
• Positive Sentiment: Some commentary points to Guidewire’s buyback program as a possible support for the stock if the recent sell-off continues, and analysts still broadly rate the shares a Moderate Buy.
• Negative Sentiment: Multiple insiders sold shares on June 15–16, including CEO Michael Rosenbaum, CFO Jeffrey Cooper, President John Mullen, and CAO David Franklin Peterson, which can be interpreted as a bearish near-term signal for investor sentiment.
• Negative Sentiment: Several Wall Street firms lowered price targets after earnings, including Stifel, RBC, Goldman Sachs, and DA Davidson, suggesting expectations have cooled even though ratings remain constructive.

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.