Guidewire Software (NYSE:GWRE) CEO Sells $207,456.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction on Monday, August 17th. The stock was sold at an average price of $172.88, for a total transaction of $207,456.00. Following the completion of the transaction, the chief executive officer owned 188,976 shares in the company, valued at approximately $32,670,170.88. The trade was a 0.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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, August 10th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 stock was sold at an average price of $155.92, for a total value 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 value of $166,164.00.
• On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 stock was 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 shares were 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.
• On Monday, June 8th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $135.62, for a total transaction of $162,744.00.
• On Monday, June 1st, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $158.92, for a total transaction of $190,704.00.

Guidewire Software Stock Up 2.0%

NYSE GWRE opened at $181.31 on Thursday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The company has a market capitalization of $15.10 billion, a P/E ratio of 98.01 and a beta of 0.92. The stock’s 50-day moving average price is $142.01 and its 200-day moving average price is $141.24.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm had revenue of $372.54 million during the quarter, compared to analyst estimates of $355.92 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. On average, equities research analysts predict that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Hedge Funds Weigh In On Guidewire Software

Hedge funds have recently modified their holdings of the business. American Trust grew its position in Guidewire Software by 3.9% in the 3rd quarter. American Trust now owns 1,632 shares of the technology company’s stock valued at $375,000 after acquiring an additional 61 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Guidewire Software by 1.7% during the 3rd quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock worth $936,000 after purchasing an additional 70 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Guidewire Software by 18.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 505 shares of the technology company’s stock worth $102,000 after acquiring an additional 78 shares in the last quarter. Castleark Management LLC boosted its holdings in Guidewire Software by 1.6% in the first quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock valued at $775,000 after purchasing an additional 80 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC boosted its holdings in shares of Guidewire Software by 9.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,085 shares of the technology company’s stock valued at $218,000 after buying an additional 98 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GWRE shares. Oppenheimer boosted their price objective on shares of Guidewire Software from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Wells Fargo & Company cut their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. The Goldman Sachs Group reduced their target price on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a report on Friday, June 5th. Finally, Zacks Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.64.

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.