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

Guidewire Software, Inc. (NYSE:GWREGet Free Report) CEO Michael Rosenbaum sold 1,200 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $145.87, for a total value of $175,044.00. Following the transaction, the chief executive officer directly owned 230,082 shares in the company, valued at $33,562,061.34. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.52, for a total value of $192,624.00.
  • On Monday, August 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 shares were 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 shares were sold at an average price of $172.88, for a total value of $207,456.00.
  • On Monday, August 10th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $169.50, for a total transaction of $203,400.00.
  • On Monday, August 3rd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.92, for a total transaction of $187,104.00.
  • On Monday, July 27th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $142.31, for a total transaction of $170,772.00.
  • On Monday, July 13th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.47, for a total transaction of $166,164.00.
  • On Monday, July 6th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $131.63, for a total transaction of $157,956.00.
  • On Monday, June 22nd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $105.67, for a total transaction of $126,804.00.

Guidewire Software Stock Down 2.8%

GWRE stock opened at $148.72 on Wednesday. The company has a 50 day moving average of $163.51 and a two-hundred day moving average of $147.52. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 91.24 and a beta of 0.97. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $255.89. The company has a quick ratio of 2.44, a current ratio of 1.79 and a debt-to-equity ratio of 0.57.

Guidewire Software (NYSE:GWREGet Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The business had revenue of $411.09 million for the quarter, compared to analysts’ expectations of $402.61 million. During the same period in the previous year, the company posted $0.84 EPS. Guidewire Software’s revenue was up 15.3% on a year-over-year basis. On average, equities analysts anticipate that Guidewire Software, Inc. will post 2.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently bought and sold shares of GWRE. Bamco Inc. NY bought a new stake in shares of Guidewire Software during the 2nd quarter worth about $1,106,768,000. Linonia Partnership LP bought a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $853,165,000. Geode Capital Management LLC raised its stake in shares of Guidewire Software by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after acquiring an additional 145,924 shares in the last quarter. Route One Investment Company L.P. bought a new position in shares of Guidewire Software in the 2nd quarter valued at approximately $227,564,000. Finally, Capital World Investors acquired a new stake in Guidewire Software in the 4th quarter worth approximately $202,405,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GWRE shares. Stifel Nicolaus dropped their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Wells Fargo & Company lifted their price target on Guidewire Software from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, September 4th. DA Davidson reissued a “buy” rating and issued a $222.00 price target on shares of Guidewire Software in a research note on Friday, September 4th. BTIG Research increased their price objective on Guidewire Software from $175.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Finally, The Goldman Sachs Group cut their price objective on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $216.23.

Check Out Our Latest Stock Analysis on Guidewire Software

Guidewire Software Company Profile

(Get Free Report)

Guidewire Software, Inc (NYSE: GWRE) provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company’s principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.

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