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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $168.97, for a total value of $202,764.00. Following the transaction, the chief executive officer owned 276,066 shares of the company’s stock, valued at approximately $46,646,872.02. This represents a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $152.52, for a total transaction of $183,024.00.
• On Monday, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.65, for a total transaction of $171,180.00.
• On Monday, September 21st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $145.92, for a total transaction of $175,104.00.
• On Thursday, September 17th, Michael Rosenbaum sold 72,290 shares of Guidewire Software stock. The stock was sold at an average price of $144.47, for a total transaction of $10,443,736.30.
• On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $145.87, for a total transaction of $175,044.00.
• On Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.52, for a total transaction of $192,624.00.
• On Monday, August 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $204.44, for a total value of $245,328.00.
• On Monday, August 24th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $187.82, for a total value of $225,384.00.
• On Monday, August 17th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $172.88, for a total transaction of $207,456.00.
• On Monday, August 10th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $169.50, for a total transaction of $203,400.00.

Guidewire Software Price Performance

GWRE stock opened at $164.45 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a 50 day moving average price of $166.48 and a 200-day moving average price of $147.06. Guidewire Software, Inc. has a 52-week low of $102.30 and a 52-week high of $255.89. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 100.89 and a beta of 1.02.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. The company had revenue of $411.09 million for the quarter, compared to the consensus estimate of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. During the same quarter in the prior year, the business posted $0.84 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. Equities research analysts forecast that Guidewire Software, Inc. will post 2.45 EPS for the current fiscal year.

Institutional Trading of Guidewire Software

Several hedge funds have recently bought and sold shares of the stock. Fiduciary Financial Advisors bought a new position in shares of Guidewire Software during the 2nd quarter valued at approximately $29,000. Silvant Capital Management LLC bought a new position in Guidewire Software in the 2nd quarter worth $33,000. Leonteq Securities AG bought a new stake in Guidewire Software during the first quarter valued at about $36,000. Bogart Wealth LLC raised its holdings in Guidewire Software by 127.8% during the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after acquiring an additional 138 shares during the period. Finally, Rakuten Securities Inc. bought a new stake in Guidewire Software during the second quarter valued at about $49,000.

Analyst Ratings Changes

A number of research firms have recently commented on GWRE. Guggenheim increased their target price on Guidewire Software from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Citigroup increased their price objective on shares of Guidewire Software from $137.00 to $181.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Robert W. Baird raised their price objective on shares of Guidewire Software from $202.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $216.23.

Guidewire Software Company Profile

Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.

The company’s principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.