Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells 1,200 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $125.50, for a total value of $150,600.00. Following the completion of the sale, the chief executive officer owned 229,543 shares in the company, valued at approximately $28,807,646.50. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $127.00, for a total value of $152,400.00.
• On Monday, February 2nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 transaction of $187,512.00.
• On Tuesday, January 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $180.87, for a total transaction of $217,044.00.
• On Monday, December 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.95, for a total transaction 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 transaction of $281,008.00.
• On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The stock was 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 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 stock was sold at an average price of $210.87, for a total value of $295,218.00.

Guidewire Software Stock Performance

GWRE traded down $5.66 during trading on Monday, hitting $122.00. The stock had a trading volume of 1,538,935 shares, compared to its average volume of 1,638,741. 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 company has a 50 day moving average price of $165.67 and a 200-day moving average price of $205.38. Guidewire Software, Inc. has a one year low of $120.37 and a one year high of $272.60. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 116.19, a P/E/G ratio of 8.23 and a beta of 1.06.

Guidewire Software (NYSE:GWRE) last posted 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 firm had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 EPS. As a group, research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software announced that its Board of Directors has authorized a stock repurchase program on Thursday, January 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GWRE. Advisors Asset Management Inc. bought a new stake in shares of Guidewire Software during the 1st quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new stake in Guidewire Software in the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Guidewire Software during the third quarter worth $29,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Guidewire Software during the second quarter worth $30,000. Finally, Westside Investment Management Inc. bought a new position in shares of Guidewire Software in the 2nd quarter valued at $32,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GWRE. BTIG Research dropped their price target on shares of Guidewire Software from $225.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research report on Thursday, January 22nd. Wells Fargo & Company dropped their price target on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. Citizens Jmp reiterated a “market outperform” rating and set a $281.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 10th. Finally, Wall Street Zen cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.77.

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.