Guidewire Software (NYSE:GWRE) CEO Sells $1,155,361.20 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 6,015 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total transaction of $1,155,361.20. Following the completion of the transaction, the chief executive officer owned 240,743 shares in the company, valued at $46,241,915.44. This trade represents a 2.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.34, for a total value of $286,076.00.
• On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $210.87, for a total transaction of $295,218.00.
• On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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 transaction 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 stock was 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 stock was sold at an average price of $255.40, for a total value of $357,560.00.
• On Monday, October 20th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $245.70, for a total value of $343,980.00.
• On Monday, October 13th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $239.71, for a total value 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 value of $322,112.00.

Guidewire Software Trading Up 0.1%

NYSE GWRE traded up $0.26 during trading hours on Wednesday, reaching $193.85. The company had a trading volume of 1,448,834 shares, compared to its average volume of 919,783. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $16.48 billion, a P/E ratio of 184.62, a price-to-earnings-growth ratio of 12.72 and a beta of 1.08. The stock has a 50-day moving average of $223.90 and a 200 day moving average of $228.62. Guidewire Software, Inc. has a 1-year low of $165.08 and a 1-year high of $272.60.

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

Analysts Set New Price Targets

A number of equities analysts have commented on GWRE shares. Citizens Jmp restated a “market outperform” rating and set a $281.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 10th. Royal Bank Of Canada increased their price target on Guidewire Software from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price target (up from $255.00) on shares of Guidewire Software in a report on Friday, September 5th. Robert W. Baird increased their price objective on shares of Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Finally, The Goldman Sachs Group increased their price target on Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $271.29.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Linonia Partnership LP raised 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 purchasing an additional 1,000,709 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Guidewire Software in the second quarter valued at approximately $1,100,000. Fox Run Management L.L.C. acquired a new position in Guidewire Software during the 2nd quarter worth approximately $954,000. Versor Investments LP acquired a new stake in shares of Guidewire Software in the 2nd quarter valued at approximately $3,295,000. Finally, Panagora Asset Management Inc. lifted its holdings in Guidewire Software by 47.9% during the 1st 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 last quarter.

About Guidewire Software

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.