Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CEO Sells 1,400 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $308,910.00. Following the completion of the sale, the chief executive officer owned 233,068 shares of the company’s stock, valued at approximately $51,426,454.20. The trade was a 0.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Michael George Rosenbaum also recently made the following trade(s):

• On Monday, July 7th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $230.70, for a total transaction of $322,980.00.
• On Monday, June 30th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $236.89, for a total transaction of $331,646.00.
• On Monday, June 23rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $238.12, for a total transaction of $333,368.00.
• On Monday, June 9th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $256.50, for a total transaction of $359,100.00.
• On Tuesday, May 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $212.02, for a total transaction of $296,828.00.
• On Monday, May 19th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $215.25, for a total value of $301,350.00.
• On Monday, May 5th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $208.36, for a total transaction of $291,704.00.
• On Monday, April 28th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $198.22, for a total transaction of $277,508.00.
• On Monday, April 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $189.44, for a total value of $265,216.00.

Guidewire Software Trading Up 0.6%

Shares of GWRE stock opened at $221.34 on Friday. Guidewire Software, Inc. has a 52-week low of $132.01 and a 52-week high of $263.20. The stock has a market cap of $18.63 billion, a price-to-earnings ratio of 553.34, a P/E/G ratio of 19.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The firm has a fifty day moving average of $229.09 and a 200-day moving average of $205.75.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company had revenue of $293.51 million during the quarter, compared to analysts’ expectations of $286.40 million. During the same quarter in the prior year, the company posted $0.26 EPS. The business’s revenue was up 22.0% on a year-over-year basis. On average, equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Guidewire Software

Large investors have recently made changes to their positions in the company. Portside Wealth Group LLC grew its holdings in shares of Guidewire Software by 148.1% in the 1st quarter. Portside Wealth Group LLC now owns 2,724 shares of the technology company’s stock worth $510,000 after purchasing an additional 1,626 shares during the last quarter. Praxis Investment Management Inc. bought a new stake in Guidewire Software during the 1st quarter worth about $347,000. Principal Financial Group Inc. grew its holdings in Guidewire Software by 3,320.4% during the 1st quarter. Principal Financial Group Inc. now owns 192,843 shares of the technology company’s stock worth $36,131,000 after acquiring an additional 187,205 shares during the last quarter. OMNI 360 Wealth Inc. bought a new stake in Guidewire Software during the 1st quarter worth about $211,000. Finally, International Assets Investment Management LLC bought a new stake in Guidewire Software during the 1st quarter worth about $217,000.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JMP Securities raised their price objective on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a “market outperform” rating in a report on Wednesday, June 4th. The Goldman Sachs Group raised their target price on shares of Guidewire Software from $235.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Wall Street Zen upgraded shares of Guidewire Software from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Oppenheimer lifted their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $220.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.31.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.