Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells $192,192.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $160.16, for a total value of $192,192.00. Following the completion of the sale, the chief executive officer directly owned 272,466 shares in the company, valued at approximately $43,638,154.56. The trade was a 0.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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, October 26th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $187.19, for a total value of $224,628.00.
• On Monday, October 19th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $167.90, for a total value of $201,480.00.
• On Monday, October 12th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $168.97, for a total value of $202,764.00.
• On Monday, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $152.52, for a total value of $183,024.00.
• On Monday, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.65, for a total value of $171,180.00.
• On Monday, September 21st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $145.92, for a total value of $175,104.00.
• On Thursday, September 17th, Michael Rosenbaum sold 72,290 shares of Guidewire Software stock. The stock was sold at an average price of $144.47, for a total value of $10,443,736.30.
• On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $145.87, for a total transaction of $175,044.00.
• On Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.52, for a total transaction of $192,624.00.
• On Monday, August 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $204.44, for a total transaction of $245,328.00.

Guidewire Software Trading Down 0.2%

Shares of Guidewire Software stock traded down $0.34 during mid-day trading on Monday, hitting $162.25. 1,004,884 shares of the stock were exchanged, compared to its average volume of 1,532,249. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $231.85. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 99.54 and a beta of 1.01. The company has a 50-day simple moving average of $167.01 and a 200 day simple moving average of $149.34. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The business had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. Research analysts forecast that Guidewire Software, Inc. will post 2.45 EPS for the current year.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Guidewire Software during the 3rd quarter worth $28,000. Fiduciary Financial Advisors acquired a new position in Guidewire Software in the second quarter valued at $29,000. Leonteq Securities AG acquired a new position in Guidewire Software in the first quarter valued at $36,000. Bogart Wealth LLC boosted its holdings in Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after acquiring an additional 138 shares during the last quarter. Finally, Legacies Wealth LLC purchased a new stake in Guidewire Software during the third quarter valued at about $38,000.

Analyst Ratings Changes

Several research firms have commented on GWRE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research note on Monday, August 31st. Wells Fargo & Company increased their price target on Guidewire Software from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Guggenheim raised their price objective on Guidewire Software from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Oppenheimer raised their price objective on Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $220.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $216.23.

Guidewire Software Company Profile

Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.

The company’s principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.