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

Guidewire Software, Inc. (NYSE:GWREGet Free Report) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $187.82, for a total transaction of $225,384.00. Following the completion of the sale, the chief executive officer directly owned 187,776 shares of the company’s stock, valued at $35,268,088.32. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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, August 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $172.88, for a total value of $207,456.00.
  • On Monday, August 10th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $169.50, for a total value of $203,400.00.
  • On Monday, August 3rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.92, for a total value of $187,104.00.
  • On Monday, July 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.31, for a total value of $170,772.00.
  • On Monday, July 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.47, for a total value of $166,164.00.
  • On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $131.63, for a total value of $157,956.00.
  • On Monday, June 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $105.67, for a total value of $126,804.00.
  • On Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total value of $692,254.20.
  • On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $123.85, for a total transaction of $148,620.00.
  • On Monday, June 8th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $135.62, for a total transaction of $162,744.00.

Guidewire Software Trading Up 1.4%

Shares of GWRE traded up $2.63 during mid-day trading on Monday, hitting $191.82. The company had a trading volume of 1,550,929 shares, compared to its average volume of 1,579,574. The business’s 50-day simple moving average is $144.61 and its 200-day simple moving average is $141.89. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $272.60. The stock has a market cap of $15.97 billion, a PE ratio of 103.69 and a beta of 0.92.

Guidewire Software (NYSE:GWREGet Free Report) last issued its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. The firm had revenue of $372.54 million during the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. Guidewire Software’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. Sell-side analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Institutional Trading of Guidewire Software

Large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its position in Guidewire Software by 11,874.0% during the 2nd quarter. California State Teachers Retirement System now owns 11,757,428 shares of the technology company’s stock worth $1,446,752,000 after acquiring an additional 11,659,237 shares in the last quarter. Bamco Inc. NY acquired a new stake in Guidewire Software in the second quarter valued at approximately $1,106,768,000. Linonia Partnership LP purchased a new stake in shares of Guidewire Software during the second quarter valued at approximately $853,165,000. Route One Investment Company L.P. purchased a new stake in shares of Guidewire Software during the second quarter valued at approximately $227,564,000. Finally, Van ECK Associates Corp acquired a new position in shares of Guidewire Software during the second quarter worth $149,611,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Piper Sandler initiated coverage on Guidewire Software in a report on Monday, August 10th. They set an “overweight” rating and a $210.00 price objective for the company. The Goldman Sachs Group reduced their target price on Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. JPMorgan Chase & Co. cut their price objective on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Finally, Stifel Nicolaus decreased their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $221.64.

Check Out Our Latest Research Report on GWRE

Guidewire Software Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

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