Guidewire Software (NYSE:GWRE) CEO Sells $165,708.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction on Monday, April 27th. The stock was sold at an average price of $138.09, for a total transaction of $165,708.00. Following the transaction, the chief executive officer owned 214,006 shares in the company, valued at approximately $29,552,088.54. This trade represents a 0.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $139.75, for a total transaction of $167,700.00.
• On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $118.77, for a total transaction of $142,524.00.
• On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $151.14, for a total transaction of $181,368.00.
• On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.56, for a total transaction of $186,672.00.
• On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The stock was sold at an average price of $163.86, for a total transaction of $776,204.82.
• On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.00, for a total transaction of $192,000.00.
• On Monday, March 9th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $166.34, for a total transaction of $199,608.00.
• On Monday, February 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $125.50, for a total transaction of $150,600.00.
• On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $127.00, for a total transaction of $152,400.00.
• 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.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $139.35 on Thursday. The firm has a market cap of $11.80 billion, a PE ratio of 63.34, a price-to-earnings-growth ratio of 5.89 and a beta of 1.05. The firm’s fifty day moving average is $145.23 and its 200-day moving average is $177.55. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.93 and a current ratio of 2.93. Guidewire Software, Inc. has a 52 week low of $115.57 and a 52 week high of $272.60.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.40. The company had revenue of $359.10 million for the quarter, compared to analyst estimates of $342.88 million. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. Guidewire Software’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. Sell-side analysts predict that Guidewire Software, Inc. will post 1.84 earnings per share for the current year.

Guidewire Software declared that its board has initiated a stock repurchase plan on Thursday, January 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently made changes to their positions in GWRE. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software during the first quarter valued at about $25,000. Root Financial Partners LLC acquired a new position in shares of Guidewire Software during the third quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Guidewire Software during the third quarter valued at about $29,000. Cornerstone Planning Group LLC raised its holdings in shares of Guidewire Software by 620.0% during the third quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock valued at $34,000 after purchasing an additional 124 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Guidewire Software during the third quarter valued at about $35,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GWRE shares. Wells Fargo & Company dropped their target price on shares of Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Zacks Research upgraded shares of Guidewire Software from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. BTIG Research boosted their target price on shares of Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, March 6th. Royal Bank Of Canada dropped their target price on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.85.

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.