Guidewire Software (NYSE:GWRE) CEO Sells $225,384.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $187.82, for a total value of $225,384.00. Following the sale, the chief executive officer owned 187,776 shares in the company, valued at approximately $35,268,088.32. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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, August 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $172.88, for a total value of $207,456.00.
• On Monday, August 10th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $169.50, for a total value of $203,400.00.
• On Monday, August 3rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.92, for a total transaction of $187,104.00.
• On Monday, July 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.31, for a total transaction of $170,772.00.
• On Monday, July 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.47, for a total transaction of $166,164.00.
• On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $131.63, for a total transaction of $157,956.00.
• On Monday, June 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $105.67, for a total transaction of $126,804.00.
• On Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The stock was sold at an average price of $118.74, for a total transaction of $692,254.20.
• On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $123.85, for a total transaction of $148,620.00.
• 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 transaction of $162,744.00.

Guidewire Software Stock Up 1.4%

Shares of Guidewire Software stock opened at $190.98 on Thursday. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $272.60. The company has a market capitalization of $15.90 billion, a PE ratio of 103.23 and a beta of 0.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. The business has a 50-day moving average of $149.06 and a 200-day moving average of $143.19.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s revenue was up 26.9% compared to the same quarter last year. As a group, equities analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GWRE. Stifel Nicolaus dropped their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Citizens Jmp reduced their price objective on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research note on Friday, June 5th. Guggenheim initiated coverage on shares of Guidewire Software in a report on Thursday, July 23rd. They set a “buy” rating and a $180.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Finally, Zacks Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.64.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. bought a new position in Guidewire Software in the first quarter worth about $25,000. Fiduciary Financial Advisors bought a new position in shares of Guidewire Software during the second quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Guidewire Software during the 3rd quarter worth approximately $29,000. Silvant Capital Management LLC acquired a new stake in shares of Guidewire Software during the 2nd quarter worth approximately $33,000. Finally, Leonteq Securities AG bought a new stake in shares of Guidewire Software in the 1st quarter worth approximately $36,000.

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.