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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $187.82, for a total transaction of $225,384.00. Following the completion of the sale, the chief executive officer directly owned 187,776 shares of the company’s stock, valued at approximately $35,268,088.32. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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, 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 value 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 value of $170,772.00.
• On Monday, July 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.47, for a total value of $166,164.00.
• On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $131.63, for a total value of $157,956.00.
• On Monday, June 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $105.67, for a total value of $126,804.00.
• 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 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $123.85, for a total value of $148,620.00.
• On Monday, June 8th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $135.62, for a total transaction of $162,744.00.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $191.82 on Tuesday. The firm’s fifty day simple moving average is $146.04 and its 200-day simple moving average is $142.33. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 103.69 and a beta of 0.92. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $272.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GWRE shares. Oppenheimer raised their price target on Guidewire Software from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. Wells Fargo & Company lowered their target price on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. The Goldman Sachs Group dropped 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. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Finally, BTIG Research reiterated a “buy” rating and issued a $175.00 price objective on shares of Guidewire Software in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $221.64.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently added to or reduced their stakes in GWRE. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software in the 1st quarter valued at approximately $25,000. Fiduciary Financial Advisors purchased a new stake in shares of Guidewire Software in the second quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new position in Guidewire Software during the third quarter worth $29,000. Silvant Capital Management LLC acquired a new position in Guidewire Software during the second quarter worth $33,000. Finally, Leonteq Securities AG purchased a new position in Guidewire Software in the first quarter worth $36,000.

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.