Guidewire Software (NYSE:GWRE) CEO Michael George Rosenbaum Sells 1,400 Shares

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $200.72, for a total transaction of $281,008.00. Following the completion of the transaction, the chief executive officer owned 239,343 shares of the company’s stock, valued at $48,040,926.96. This trade represents a 0.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The shares were sold at an average price of $192.08, for a total value of $1,155,361.20.
• On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $204.34, for a total transaction 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 value of $295,218.00.
• 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 transaction 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 shares were sold at an average price of $218.53, for a total transaction 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 value 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 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 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 transaction of $335,594.00.

Guidewire Software Stock Up 3.6%

GWRE traded up $7.19 on Monday, hitting $207.11. 912,776 shares of the company were exchanged, compared to its average volume of 923,164. Guidewire Software, Inc. has a 12 month low of $165.08 and a 12 month high of $272.60. The company has a market cap of $17.61 billion, a PE ratio of 197.25, a PEG ratio of 13.09 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. The stock’s fifty day moving average is $221.60 and its 200-day moving average is $227.95.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. HighTower Advisors LLC increased its holdings in Guidewire Software by 5.2% during the first quarter. HighTower Advisors LLC now owns 9,212 shares of the technology company’s stock worth $1,726,000 after buying an additional 456 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Guidewire Software by 38.3% during the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company’s stock worth $42,000 after purchasing an additional 62 shares during the last quarter. Credit Agricole S A raised its stake in shares of Guidewire Software by 134.6% in the first quarter. Credit Agricole S A now owns 14,288 shares of the technology company’s stock valued at $2,677,000 after buying an additional 8,197 shares during the period. Compound Planning Inc. boosted its position in Guidewire Software by 21.8% during the first quarter. Compound Planning Inc. now owns 3,274 shares of the technology company’s stock worth $613,000 after purchasing an additional 586 shares during the period. Finally, AlphaQuest LLC boosted its holdings in Guidewire Software by 215.2% in the 1st quarter. AlphaQuest LLC now owns 1,453 shares of the technology company’s stock worth $272,000 after buying an additional 992 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Robert W. Baird raised their target price on Guidewire Software from $270.00 to $288.00 and gave the company an “outperform” rating in a report on Friday, September 5th. DA Davidson raised shares of Guidewire Software from a “neutral” rating to a “buy” rating and increased their target price for the stock from $246.00 to $250.00 in a report on Wednesday, December 17th. Royal Bank Of Canada raised their price objective on Guidewire Software from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, October 8th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price target (up previously from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.29.

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.