Michael George Rosenbaum Sells 1,200 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWREGet Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $105.67, for a total value of $126,804.00. Following the transaction, the chief executive officer owned 198,576 shares of the company’s stock, valued at $20,983,525.92. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The stock was sold at an average price of $118.74, for a total transaction of $692,254.20.
  • On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 shares were sold at an average price of $135.62, for a total transaction of $162,744.00.
  • On Monday, June 1st, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $158.92, for a total transaction of $190,704.00.
  • On Tuesday, May 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.51, for a total transaction of $166,212.00.
  • On Monday, May 18th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $128.19, for a total transaction of $153,828.00.
  • On Monday, May 11th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $136.38, for a total transaction of $163,656.00.
  • On Monday, May 4th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $141.91, for a total transaction of $170,292.00.
  • 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 value 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.

Guidewire Software Stock Down 4.8%

Shares of NYSE GWRE traded down $5.19 during mid-day trading on Monday, hitting $102.67. The company had a trading volume of 2,057,418 shares, compared to its average volume of 1,670,974. The company has a market capitalization of $8.55 billion, a PE ratio of 55.50 and a beta of 0.93. The business’s 50-day simple moving average is $134.13 and its 200 day simple moving average is $153.76. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $272.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44.

Guidewire Software (NYSE:GWREGet Free Report) last released its 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. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. During the same period in the previous year, the firm posted $0.88 EPS. Guidewire Software’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, analysts predict that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GWRE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Citizens Jmp lowered their price target on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a report on Friday, June 5th. BTIG Research restated a “buy” rating and issued a $200.00 price objective on shares of Guidewire Software in a report on Tuesday, June 2nd. Royal Bank Of Canada reduced their price objective on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Finally, Wells Fargo & Company decreased their price objective on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.00.

View Our Latest Report on Guidewire Software

Hedge Funds Weigh In On Guidewire Software

Several large investors have recently bought and sold shares of GWRE. Dynamic Technology Lab Private Ltd boosted its position in shares of Guidewire Software by 901.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 9,110 shares of the technology company’s stock valued at $2,094,000 after purchasing an additional 8,200 shares during the period. Comerica Bank increased its position in Guidewire Software by 52.0% during the fourth quarter. Comerica Bank now owns 78,659 shares of the technology company’s stock worth $15,811,000 after buying an additional 26,912 shares during the period. BDF Gestion acquired a new position in Guidewire Software during the fourth quarter worth approximately $1,803,000. American Century Companies Inc. lifted its stake in Guidewire Software by 3.4% in the third quarter. American Century Companies Inc. now owns 520,390 shares of the technology company’s stock valued at $119,617,000 after buying an additional 17,104 shares during the last quarter. Finally, Fieldview Capital Management LLC purchased a new stake in Guidewire Software in the third quarter valued at approximately $2,862,000.

About Guidewire Software

(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.

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

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