Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $160.16, for a total value of $192,192.00. Following the sale, the chief executive officer directly owned 272,466 shares of the company’s stock, valued at approximately $43,638,154.56. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction of $202,764.00.
- On Monday, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $152.52, for a total transaction 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 transaction of $171,180.00.
- On Monday, September 21st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $145.92, for a total transaction 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 transaction of $10,443,736.30.
- On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 stock was sold at an average price of $160.52, for a total value of $192,624.00.
- On Monday, August 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $204.44, for a total value of $245,328.00.
Guidewire Software Stock Down 0.9%
NYSE GWRE opened at $161.05 on Wednesday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $229.85. The business has a 50 day moving average price of $165.85 and a two-hundred day moving average price of $149.21. The stock has a market cap of $13.31 billion, a PE ratio of 98.80 and a beta of 1.01.
Guidewire Software (NYSE:GWRE – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company had revenue of $411.09 million for the quarter, compared to analyst estimates of $402.61 million. During the same quarter last year, the firm posted $0.84 earnings per share. The business’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 2.45 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Robert W. Baird boosted their price objective on shares of Guidewire Software from $202.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, September 4th. Citizens Jmp reaffirmed a “market outperform” rating and set a $220.00 target price on shares of Guidewire Software in a research report on Friday, September 4th. Oppenheimer lifted their target price on Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Finally, Guggenheim boosted their price target on Guidewire Software from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $216.23.
Check Out Our Latest Analysis on Guidewire Software
Hedge Funds Weigh In On Guidewire Software
A number of large investors have recently bought and sold shares of GWRE. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Guidewire Software during the third quarter valued at $28,000. Fiduciary Financial Advisors bought a new stake in shares of Guidewire Software during the second quarter valued at about $29,000. Leonteq Securities AG bought a new stake in shares of Guidewire Software during the first quarter valued at about $36,000. Bogart Wealth LLC lifted 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 worth $37,000 after purchasing an additional 138 shares during the period. Finally, Legacies Wealth LLC acquired a new stake in Guidewire Software in the third quarter worth about $38,000.
About Guidewire Software
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.
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