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 the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $204.44, for a total value of $245,328.00. Following the sale, the chief executive officer directly owned 186,576 shares in the company, valued at approximately $38,143,597.44. The trade was a 0.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, August 24th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $187.82, for a total value of $225,384.00.
• On Monday, August 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $172.88, for a total transaction of $207,456.00.
• On Monday, August 10th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $169.50, for a total transaction of $203,400.00.
• On Monday, August 3rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.92, for a total transaction of $187,104.00.
• On Monday, July 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.31, for a total transaction of $170,772.00.
• On Monday, July 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.47, for a total transaction of $166,164.00.
• On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $131.63, for a total transaction of $157,956.00.
• On Monday, June 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 stock was sold at an average price of $123.85, for a total value of $148,620.00.

Guidewire Software Stock Down 2.3%

NYSE:GWRE traded down $4.71 during mid-day trading on Tuesday, hitting $200.04. 1,128,507 shares of the company’s stock traded hands, compared to its average volume of 1,564,436. The company has a fifty day moving average of $154.93 and a 200 day moving average of $144.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $272.60. The company has a market capitalization of $16.66 billion, a P/E ratio of 108.13 and a beta of 0.92.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. During the same quarter last year, the company earned $0.88 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. On average, analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently bought and sold shares of GWRE. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Guidewire Software during the 2nd quarter valued at approximately $1,116,000. Vancity Investment Management Ltd boosted its holdings in shares of Guidewire Software by 24.0% in the 2nd quarter. Vancity Investment Management Ltd now owns 8,525 shares of the technology company’s stock valued at $1,049,000 after acquiring an additional 1,651 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Guidewire Software by 11,874.0% in the second quarter. California State Teachers Retirement System now owns 11,757,428 shares of the technology company’s stock worth $1,446,752,000 after acquiring an additional 11,659,237 shares during the period. Angeles Wealth Management LLC increased its stake in shares of Guidewire Software by 5.1% in the second quarter. Angeles Wealth Management LLC now owns 2,761 shares of the technology company’s stock worth $340,000 after acquiring an additional 135 shares during the period. Finally, AlphaGrep UK Ltd purchased a new position in shares of Guidewire Software during the second quarter worth $495,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GWRE shares. BTIG Research restated a “buy” rating and set a $175.00 price target on shares of Guidewire Software in a research note on Thursday, July 2nd. Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Citizens Jmp dropped their price objective on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a report on Friday, June 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

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.