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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $131.63, for a total value of $157,956.00. Following the completion of the transaction, the chief executive officer directly owned 196,176 shares in the company, valued at $25,822,646.88. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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, June 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $105.67, for a total transaction of $126,804.00.
• 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 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.
• 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 shares were 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 shares were 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 stock was 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 value of $170,292.00.
• On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.09, for a total value of $165,708.00.

Guidewire Software Trading Up 2.3%

GWRE traded up $3.15 during midday trading on Monday, reaching $137.62. 1,158,544 shares of the company’s stock traded hands, compared to its average volume of 1,687,290. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week 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. The firm has a fifty day moving average of $131.28 and a two-hundred day moving average of $147.70. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 74.39 and a beta of 0.95.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $355.92 million. During the same period last year, the company earned $0.88 EPS. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. On average, equities analysts anticipate that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GWRE. IFP Advisors Inc grew its holdings in Guidewire Software by 4.6% in the third quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock worth $254,000 after purchasing an additional 49 shares during the period. American Trust boosted its position in shares of Guidewire Software by 3.9% in the 3rd quarter. American Trust now owns 1,632 shares of the technology company’s stock worth $375,000 after purchasing an additional 61 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Guidewire Software by 1.7% in the 3rd quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock worth $936,000 after purchasing an additional 70 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Guidewire Software by 18.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 505 shares of the technology company’s stock worth $102,000 after buying an additional 78 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in Guidewire Software by 0.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 8,897 shares of the technology company’s stock valued at $2,045,000 after buying an additional 79 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Oppenheimer decreased their price objective on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Zacks Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. BTIG Research reissued a “buy” rating and issued a $175.00 price target on shares of Guidewire Software in a research note on Thursday. The Goldman Sachs Group lowered their price objective on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a report on Friday, June 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus price target of $221.36.

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.