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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $128.19, for a total value of $153,828.00. Following the completion of the sale, the chief executive officer directly owned 210,406 shares in the company, valued at $26,971,945.14. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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, 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 value 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.
• On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $139.75, for a total value of $167,700.00.
• On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $118.77, for a total transaction of $142,524.00.
• On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $151.14, for a total transaction of $181,368.00.
• On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.56, for a total transaction of $186,672.00.
• On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The stock was sold at an average price of $163.86, for a total transaction of $776,204.82.
• On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.00, for a total transaction of $192,000.00.
• On Monday, March 9th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $166.34, for a total transaction of $199,608.00.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $139.83 on Wednesday. The company’s fifty day simple moving average is $143.09 and its 200-day simple moving average is $167.48. Guidewire Software, Inc. has a 52 week low of $115.57 and a 52 week high of $272.60. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.45. The company has a market cap of $11.84 billion, a PE ratio of 63.56 and a beta of 0.91.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The business had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. During the same period in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was up 24.0% on a year-over-year basis. As a group, equities research analysts anticipate that Guidewire Software, Inc. will post 1.84 EPS for the current year.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of recent research reports. Royal Bank Of Canada dropped their price objective on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Oppenheimer dropped their price objective on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday. Zacks Research raised shares of Guidewire Software from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. Stifel Nicolaus lowered their target price on shares of Guidewire Software from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $246.00 target price on shares of Guidewire Software in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.46.

Institutional Trading of Guidewire Software

Several hedge funds have recently bought and sold shares of GWRE. Edgestream Partners L.P. acquired a new stake in shares of Guidewire Software during the 1st quarter worth about $637,000. California State Teachers Retirement System lifted its holdings in shares of Guidewire Software by 22.5% during the first quarter. California State Teachers Retirement System now owns 98,191 shares of the technology company’s stock worth $14,685,000 after buying an additional 18,042 shares in the last quarter. Regal Partners Ltd bought a new stake in shares of Guidewire Software in the first quarter valued at about $3,432,000. Empowered Funds LLC boosted its position in shares of Guidewire Software by 239.1% in the first quarter. Empowered Funds LLC now owns 7,538 shares of the technology company’s stock valued at $1,127,000 after acquiring an additional 5,315 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of Guidewire Software by 558.0% in the first quarter. Quantinno Capital Management LP now owns 469,374 shares of the technology company’s stock valued at $70,200,000 after acquiring an additional 398,043 shares during the period.

About Guidewire Software

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.