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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $159.60, for a total value of $191,520.00. Following the completion of the transaction, the chief executive officer owned 271,266 shares of the company’s stock, valued at $43,294,053.60. The trade was a 0.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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, November 2nd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.16, for a total transaction of $192,192.00.
• 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 shares were 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 shares were 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 stock was 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 value of $10,443,736.30.
• On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $145.87, for a total value of $175,044.00.
• On Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.52, for a total value of $192,624.00.

Guidewire Software Price Performance

NYSE:GWRE traded down $0.67 during trading hours on Monday, reaching $160.74. 716,531 shares of the company traded hands, compared to its average volume of 1,520,179. The firm’s 50-day moving average is $164.23 and its 200-day moving average is $149.30. The stock has a market cap of $13.28 billion, a P/E ratio of 98.62 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $229.85.

Guidewire Software (NYSE:GWRE) last released 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. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. The company had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. During the same quarter last year, the business posted $0.84 earnings per share. Guidewire Software’s revenue was up 15.3% compared to the same quarter last year. Equities research analysts expect that Guidewire Software, Inc. will post 2.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds have recently made changes to their positions in GWRE. Bamco Inc. NY acquired a new stake in shares of Guidewire Software during the second quarter worth $1,106,768,000. Linonia Partnership LP acquired a new position in shares of Guidewire Software in the 2nd quarter valued at about $853,165,000. Route One Investment Company L.P. acquired a new position in shares of Guidewire Software in the 2nd quarter valued at about $227,564,000. Van ECK Associates Corp acquired a new position in shares of Guidewire Software in the 2nd quarter valued at about $149,611,000. Finally, Principal Financial Group Inc. lifted its holdings in Guidewire Software by 547.3% in the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after acquiring an additional 997,992 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GWRE. Piper Sandler reiterated an “overweight” rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. Robert W. Baird upped their target price on shares of Guidewire Software from $202.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, August 31st. DA Davidson reaffirmed a “buy” rating and set a $222.00 price target on shares of Guidewire Software in a research note on Friday, October 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $216.23.

Guidewire Software Company Profile

Guidewire Software develops software for property and casualty insurance companies. Its products support core insurance operations, including policy administration, billing and claims management, as well as data analytics and digital customer services.

The company offers its applications through Guidewire Cloud and provides related implementation and support services. Its platform includes products such as PolicyCenter, BillingCenter and ClaimCenter, designed to help insurers manage workflows and modernize their technology systems.

Founded in 2001, Guidewire is headquartered in San Mateo, California, and serves insurance organizations in markets around the world.