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 stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $127.00, for a total transaction of $152,400.00. Following the sale, the chief executive officer directly owned 230,743 shares of the company’s stock, valued at approximately $29,304,361. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $168,012.00.
• On Monday, January 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.32, for a total transaction of $192,384.00.
• On Tuesday, January 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 shares were 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.
• On Monday, December 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $200.72, for a total value of $281,008.00.
• 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 transaction of $1,155,361.20.
• 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 transaction of $286,076.00.
• On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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 shares were sold at an average price of $213.44, for a total value of $298,816.00.

Guidewire Software Trading Down 3.8%

Shares of Guidewire Software stock traded down $4.79 on Tuesday, reaching $122.24. The company had a trading volume of 1,571,269 shares, compared to its average volume of 1,682,563. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 116.42, a P/E/G ratio of 8.19 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. The firm’s 50-day moving average price is $171.67 and its two-hundred day moving average price is $208.13. Guidewire Software, Inc. has a 1 year low of $120.37 and a 1 year high of $272.60.

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

Guidewire Software declared that its Board of Directors has initiated a stock buyback plan on Thursday, January 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Citizens Jmp reaffirmed a “market outperform” rating and issued a $281.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 10th. BTIG Research reissued a “buy” rating and issued a $250.00 price objective on shares of Guidewire Software in a research report on Tuesday, January 27th. Citigroup raised their target price on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $265.54.

Institutional Investors Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jain Global LLC grew its stake in shares of Guidewire Software by 513.4% during the fourth quarter. Jain Global LLC now owns 112,258 shares of the technology company’s stock worth $22,565,000 after acquiring an additional 93,956 shares during the last quarter. Equitable Holdings Inc. raised its stake in shares of Guidewire Software by 10.9% during the 4th quarter. Equitable Holdings Inc. now owns 1,354 shares of the technology company’s stock valued at $272,000 after buying an additional 133 shares during the last quarter. Laird Norton Wetherby Trust Company LLC purchased a new position in shares of Guidewire Software during the 4th quarter valued at approximately $427,000. Amundi grew its position in shares of Guidewire Software by 351.2% during the 4th quarter. Amundi now owns 7,937 shares of the technology company’s stock valued at $1,595,000 after acquiring an additional 6,178 shares during the period. Finally, Sciencast Management LP purchased a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $2,148,000.

About Guidewire Software

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.