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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $204.34, for a total transaction of $286,076.00. Following the completion of the sale, the chief executive officer directly owned 246,758 shares of the company’s stock, valued at $50,422,529.72. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $210.87, for a total value of $295,218.00.
• On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $213.44, for a total value of $298,816.00.
• On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $222.54, for a total transaction of $311,556.00.
• On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $218.53, for a total transaction of $305,942.00.
• On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $231.85, for a total value of $324,590.00.
• On Monday, October 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $255.40, for a total value of $357,560.00.
• On Monday, October 20th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $245.70, for a total transaction of $343,980.00.
• On Monday, October 13th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $239.71, for a total value of $335,594.00.
• On Monday, October 6th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $230.08, for a total value of $322,112.00.
• On Monday, September 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $232.25, for a total value of $325,150.00.

Guidewire Software Trading Down 5.3%

Shares of Guidewire Software stock traded down $10.96 during trading on Monday, reaching $194.14. The company’s stock had a trading volume of 1,949,067 shares, compared to its average volume of 912,245. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average is $225.34 and its two-hundred day moving average is $228.89. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 184.90, a PEG ratio of 13.43 and a beta of 1.08. Guidewire Software, Inc. has a 52-week low of $165.08 and a 52-week high of $272.60.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The firm had revenue of $332.64 million for the quarter, compared to the consensus estimate of $316.62 million. During the same period in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 26.5% on a year-over-year basis. On average, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of research reports. Oppenheimer upped their target price on shares of Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, October 8th. Stifel Nicolaus boosted their target price on shares of Guidewire Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. DA Davidson reissued a “neutral” rating and issued a $250.00 price target on shares of Guidewire Software in a report on Monday, December 1st. Finally, Raymond James Financial restated an “outperform” rating and issued a $275.00 target price (up previously from $255.00) on shares of Guidewire Software in a research note on Friday, September 5th. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.92.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Linonia Partnership LP increased its holdings in shares of Guidewire Software by 41.8% in the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock worth $636,333,000 after buying an additional 1,000,709 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in Guidewire Software by 3,636.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company’s stock worth $172,224,000 after purchasing an additional 711,893 shares in the last quarter. Groupama Asset Managment increased its stake in Guidewire Software by 240.0% in the 2nd quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock valued at $200,132,000 after buying an additional 600,000 shares during the period. Alliancebernstein L.P. grew its stake in shares of Guidewire Software by 405.1% during the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock valued at $126,743,000 after buying an additional 431,725 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Guidewire Software during the 3rd quarter valued at approximately $51,967,000.

Guidewire Software Company Profile

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.