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 business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $155.56, for a total transaction of $186,672.00. Following the transaction, the chief executive officer owned 220,006 shares of the company’s stock, valued at approximately $34,224,133.36. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michael George Rosenbaum also recently made the following trade(s):

• On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The stock was sold at an average price of $163.86, for a total transaction of $776,204.82.
• On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.00, for a total transaction 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 transaction 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 transaction of $150,600.00.
• On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $127.00, for a total value of $152,400.00.
• On Monday, February 2nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $140.01, for a total value of $168,012.00.
• On Monday, January 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.32, for a total value of $192,384.00.
• On Tuesday, January 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $156.26, for a total value of $187,512.00.
• On Tuesday, January 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $180.87, for a total value of $217,044.00.
• On Monday, December 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $204.95, for a total value of $286,930.00.

Guidewire Software Trading Down 1.0%

NYSE:GWRE opened at $149.28 on Thursday. Guidewire Software, Inc. has a fifty-two week low of $120.37 and a fifty-two week high of $272.60. 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 stock has a market capitalization of $12.64 billion, a PE ratio of 67.85, a price-to-earnings-growth ratio of 6.83 and a beta of 1.06. The business’s 50-day simple moving average is $146.65 and its 200-day simple moving average is $195.23.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.40. The business had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.Guidewire Software’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. Sell-side analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Guidewire Software declared that its board has authorized a stock buyback plan on Thursday, January 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Royal Bank Of Canada cut their price objective on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. DA Davidson reiterated a “buy” rating and set a $246.00 target price on shares of Guidewire Software in a report on Tuesday, March 10th. Stifel Nicolaus dropped their price target on Guidewire Software from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. BTIG Research boosted their price target on Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, March 6th. Finally, Wall Street Zen cut Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $249.85.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GWRE. Measured Wealth Private Client Group LLC bought a new position in Guidewire Software in the third quarter valued at $29,000. Root Financial Partners LLC acquired a new position in shares of Guidewire Software during the 3rd quarter worth about $29,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Guidewire Software during the 2nd quarter worth about $30,000. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software during the 1st quarter worth about $25,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Guidewire Software by 620.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock worth $34,000 after buying an additional 124 shares during the last quarter.

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.