Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells $170,292.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $141.91, for a total transaction of $170,292.00. Following the completion of the sale, the chief executive officer owned 212,806 shares in the company, valued at approximately $30,199,299.46. The trade was a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.09, for a total transaction of $165,708.00.
• 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $152,400.00.

Guidewire Software Stock Up 6.5%

Shares of GWRE stock opened at $139.59 on Friday. The stock has a market cap of $11.82 billion, a P/E ratio of 63.45 and a beta of 0.91. Guidewire Software, Inc. has a one year low of $115.57 and a one year high of $272.60. The stock has a fifty day moving average price of $146.10 and a 200 day moving average price of $174.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.93 and a quick ratio of 2.93.

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

Guidewire Software declared that its Board of Directors has initiated a share buyback plan on Thursday, January 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Meeder Advisory Services Inc. raised its holdings in shares of Guidewire Software by 68.7% in the first quarter. Meeder Advisory Services Inc. now owns 2,863 shares of the technology company’s stock valued at $428,000 after buying an additional 1,166 shares during the last quarter. WCM Investment Management LLC bought a new position in shares of Guidewire Software in the first quarter valued at about $1,389,000. Parallel Advisors LLC raised its holdings in shares of Guidewire Software by 44.7% in the first quarter. Parallel Advisors LLC now owns 4,561 shares of the technology company’s stock valued at $682,000 after buying an additional 1,409 shares during the last quarter. KBC Group NV raised its holdings in shares of Guidewire Software by 16.5% in the first quarter. KBC Group NV now owns 2,719 shares of the technology company’s stock valued at $407,000 after buying an additional 385 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Guidewire Software by 0.8% in the first quarter. Swiss National Bank now owns 168,200 shares of the technology company’s stock valued at $25,156,000 after buying an additional 1,400 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have issued reports on GWRE. Oppenheimer cut their price objective on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Zacks Research raised Guidewire Software from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. DA Davidson reissued a “buy” rating and set a $246.00 price objective on shares of Guidewire Software in a report on Tuesday, March 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada cut their price objective on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $249.85.

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.