Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells 1,400 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $210.87, for a total value of $295,218.00. Following the transaction, the chief executive officer owned 248,158 shares in the company, valued at approximately $52,329,077.46. This trade represents a 0.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $213.44, for a total value of $298,816.00.
• On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $222.54, for a total value of $311,556.00.
• On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $218.53, for a total value of $305,942.00.
• On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $231.85, for a total transaction of $324,590.00.
• On Monday, October 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $255.40, for a total transaction of $357,560.00.
• On Monday, October 20th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $245.70, for a total transaction of $343,980.00.
• On Monday, October 13th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $239.71, for a total transaction of $335,594.00.
• On Monday, October 6th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $230.08, for a total transaction of $322,112.00.
• On Monday, September 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $232.25, for a total transaction of $325,150.00.
• On Monday, September 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $244.55, for a total transaction of $342,370.00.

Guidewire Software Price Performance

NYSE GWRE traded down $10.45 during midday trading on Monday, hitting $200.10. The company had a trading volume of 2,099,672 shares, compared to its average volume of 901,376. The company has a market capitalization of $17.01 billion, a PE ratio of 190.57, a P/E/G ratio of 12.94 and a beta of 1.08. The firm has a 50-day moving average price of $228.24 and a 200-day moving average price of $229.15. Guidewire Software, Inc. has a twelve month low of $165.08 and a twelve month high of $272.60. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $332.64 million for the quarter, compared to the consensus estimate of $316.62 million. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. As a group, analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GWRE has been the subject of several research analyst reports. Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group lifted their price target on Guidewire Software from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Robert W. Baird boosted their price target on Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Wall Street Zen lowered Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Royal Bank Of Canada lifted their target price on Guidewire Software from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, September 5th. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $272.25.

Institutional Trading of Guidewire Software

Several hedge funds and other institutional investors have recently made changes to their positions in GWRE. Linonia Partnership LP increased its position in Guidewire Software by 41.8% in the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock valued at $636,333,000 after acquiring an additional 1,000,709 shares during the period. Lecap Asset Management Ltd. bought a new stake in shares of Guidewire Software in the second quarter worth $1,100,000. Panagora Asset Management Inc. increased its holdings in Guidewire Software by 47.9% in the first quarter. Panagora Asset Management Inc. now owns 112,931 shares of the technology company’s stock valued at $21,159,000 after purchasing an additional 36,568 shares during the period. Versor Investments LP bought a new position in Guidewire Software during the 2nd quarter worth $3,295,000. Finally, Fox Run Management L.L.C. acquired a new position in Guidewire Software during the 2nd quarter worth about $954,000.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.