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

Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $159.60, for a total transaction of $191,520.00. Following the transaction, the chief executive officer directly owned 271,266 shares of the company’s stock, valued at approximately $43,294,053.60. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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, November 2nd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.16, for a total value of $192,192.00.
  • On Monday, October 26th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $187.19, for a total value of $224,628.00.
  • On Monday, October 19th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $167.90, for a total value of $201,480.00.
  • On Monday, October 12th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $168.97, for a total value of $202,764.00.
  • 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 value of $183,024.00.
  • On Monday, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $142.65, for a total value 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 value 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 value 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 value 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 value of $192,624.00.

Guidewire Software Stock Down 3.1%

GWRE opened at $155.78 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57. The firm has a market cap of $12.87 billion, a P/E ratio of 95.57 and a beta of 1.01. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $229.85. The business’s fifty day simple moving average is $162.35 and its 200 day simple moving average is $149.30.

Guidewire Software (NYSE:GWRE – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The firm had revenue of $411.09 million during the quarter, compared to analysts’ expectations of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. As a group, equities research analysts anticipate that Guidewire Software, Inc. will post 2.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of analyst reports. Guggenheim boosted their price objective on shares of Guidewire Software from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Robert W. Baird raised their target price on shares of Guidewire Software from $202.00 to $235.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research note on Monday, August 31st. JPMorgan Chase & Co. lowered 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 note on Tuesday, July 14th. Finally, BTIG Research boosted their price target on Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $216.23.

Get Our Latest Stock Analysis on Guidewire Software

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GWRE. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Guidewire Software during the third quarter worth approximately $28,000. Fiduciary Financial Advisors purchased a new position in shares of Guidewire Software in the 2nd quarter valued at $29,000. Silvant Capital Management LLC purchased a new position in shares of Guidewire Software in the 2nd quarter valued at $33,000. Legacies Wealth LLC acquired a new position in shares of Guidewire Software during the 3rd quarter valued at $38,000. Finally, IFP Advisors Inc lifted its holdings in shares of Guidewire Software by 129.2% during the 3rd quarter. IFP Advisors Inc now owns 330 shares of the technology company’s stock valued at $47,000 after acquiring an additional 186 shares in the last quarter.

About Guidewire Software

(Get Free Report)

Guidewire Software develops software for property and casualty insurance companies. Its products support core insurance operations, including policy administration, billing and claims management, as well as data analytics and digital customer services. The company offers its applications through Guidewire Cloud and provides related implementation and support services. Its platform includes products such as PolicyCenter, BillingCenter and ClaimCenter, designed to help insurers manage workflows and modernize their technology systems.

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Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

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