Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells $192,624.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $160.52, for a total transaction of $192,624.00. Following the completion of the sale, the chief executive officer owned 185,376 shares of the company’s stock, valued at approximately $29,756,555.52. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $204.44, for a total transaction of $245,328.00.
• On Monday, August 24th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $187.82, for a total transaction of $225,384.00.
• On Monday, August 17th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $172.88, for a total transaction of $207,456.00.
• On Monday, August 10th, Michael 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 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 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 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 Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $131.63, for a total value of $157,956.00.
• On Monday, June 22nd, Michael 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 Rosenbaum sold 5,830 shares of Guidewire Software stock. The stock was sold at an average price of $118.74, for a total value of $692,254.20.

Guidewire Software Price Performance

Guidewire Software stock opened at $139.96 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 2.44. The business has a 50 day simple moving average of $162.83 and a 200-day simple moving average of $147.12. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $255.91. The stock has a market capitalization of $11.65 billion, a PE ratio of 85.86 and a beta of 0.97.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The firm had revenue of $411.09 million for the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. Guidewire Software’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. Equities analysts predict that Guidewire Software, Inc. will post 2.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. The Goldman Sachs Group lowered their price objective on Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 5th. JPMorgan Chase & Co. dropped their target price on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. DA Davidson reissued a “buy” rating and set a $222.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $220.00 price target on shares of Guidewire Software in a report on Friday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $216.23.

Institutional Trading of Guidewire Software

A number of institutional investors have recently added to or reduced their stakes in the stock. American Trust boosted its stake in shares of Guidewire Software by 3.9% during the 3rd quarter. American Trust now owns 1,632 shares of the technology company’s stock valued at $375,000 after buying an additional 61 shares during the period. Vident Advisory LLC increased its stake in shares of Guidewire Software by 1.7% in the third quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock worth $936,000 after acquiring an additional 70 shares during the last quarter. Castleark Management LLC raised its holdings in shares of Guidewire Software by 1.6% during the first quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock worth $775,000 after acquiring an additional 80 shares in the last quarter. Avory & Company LLC raised its holdings in shares of Guidewire Software by 10.0% during the fourth quarter. Avory & Company LLC now owns 1,187 shares of the technology company’s stock worth $239,000 after acquiring an additional 108 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in Guidewire Software by 83.0% during the fourth quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after purchasing an additional 112 shares during the last quarter.

Guidewire Software Company Profile

Guidewire Software, Inc (NYSE: GWRE) provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company’s principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.