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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $136.38, for a total value of $163,656.00. Following the completion of the transaction, the chief executive officer directly owned 211,606 shares in the company, valued at $28,858,826.28. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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, 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.
• On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $125.50, for a total value of $150,600.00.

Guidewire Software Stock Down 2.2%

Shares of Guidewire Software stock opened at $131.43 on Wednesday. The business has a 50-day moving average of $145.67 and a 200-day moving average of $171.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.93 and a quick ratio of 2.93. The company has a market capitalization of $11.13 billion, a PE ratio of 59.74 and a beta of 0.91. Guidewire Software, Inc. has a 1-year low of $115.57 and a 1-year high of $272.60.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.40. The company had revenue of $359.10 million during the quarter, compared to the consensus estimate of $342.88 million. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The company’s revenue was up 24.0% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. As a group, equities analysts forecast that Guidewire Software, Inc. will post 1.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Guidewire Software

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in Guidewire Software in the first quarter worth about $25,000. Root Financial Partners LLC acquired a new position in Guidewire Software in the third quarter worth about $29,000. Measured Wealth Private Client Group LLC acquired a new position in Guidewire Software in the third quarter worth about $29,000. Cornerstone Planning Group LLC boosted its stake in Guidewire Software by 620.0% in the third quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock valued at $34,000 after acquiring an additional 124 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new position in Guidewire Software in the third quarter valued at approximately $35,000.

Analysts Set New Price Targets

GWRE has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Stifel Nicolaus decreased their price target on Guidewire Software from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Thursday, January 22nd. Oppenheimer decreased their price target on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Finally, DA Davidson reiterated a “buy” rating and issued a $246.00 price target on shares of Guidewire Software in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average target price of $249.85.

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.