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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $160.52, for a total value of $192,624.00. Following the completion of the transaction, the chief executive officer owned 185,376 shares of the company’s stock, valued at approximately $29,756,555.52. The trade was a 0.64% decrease in their position. The transaction was disclosed in a document filed 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 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.
• On Monday, August 24th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $187.82, for a total value of $225,384.00.
• On Monday, August 17th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $172.88, for a total value of $207,456.00.
• On Monday, August 10th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $169.50, for a total value of $203,400.00.
• On Monday, August 3rd, Michael 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 Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $142.31, for a total transaction of $170,772.00.
• On Monday, July 13th, Michael 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 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 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 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.

Guidewire Software Price Performance

GWRE stock opened at $142.42 on Thursday. The firm has a 50 day moving average price of $162.72 and a 200-day moving average price of $147.03. Guidewire Software, Inc. has a 52-week low of $102.30 and a 52-week high of $259.00. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 87.37 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.44 and a current ratio of 1.79.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. The company had revenue of $411.09 million for the quarter, compared to the consensus estimate of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%.The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. Equities research analysts forecast that Guidewire Software, Inc. will post 2.17 EPS for the current fiscal year.

Analyst Ratings Changes

GWRE has been the topic of several recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $215.00 target price on shares of Guidewire Software in a report on Friday, September 4th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, September 4th. Stifel Nicolaus cut their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $220.00 price target on shares of Guidewire Software in a report on Friday, September 4th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and an average price target of $216.23.

Institutional Trading of Guidewire Software

A number of large investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its holdings in shares of Guidewire Software by 11,874.0% during the second quarter. California State Teachers Retirement System now owns 11,757,428 shares of the technology company’s stock valued at $1,446,752,000 after purchasing an additional 11,659,237 shares during the last quarter. Bamco Inc. NY purchased a new stake in Guidewire Software in the second quarter worth approximately $1,106,768,000. Linonia Partnership LP bought a new stake in Guidewire Software in the 2nd quarter worth approximately $853,165,000. Route One Investment Company L.P. bought a new stake in Guidewire Software in the 2nd quarter worth approximately $227,564,000. Finally, Geode Capital Management LLC raised its stake in Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after buying an additional 145,924 shares during the last quarter.

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.