Michael George Rosenbaum Sells 1,400 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, December 29th. The stock was sold at an average price of $204.95, for a total transaction of $286,930.00. Following the sale, the chief executive officer directly owned 237,943 shares of the company’s stock, valued at approximately $48,766,417.85. This trade represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Michael George Rosenbaum also recently made the following trade(s):

• On Monday, December 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $200.72, for a total value of $281,008.00.
• On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The stock was sold at an average price of $192.08, for a total value of $1,155,361.20.
• On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.34, for a total value of $286,076.00.
• On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $210.87, for a total value of $295,218.00.
• On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $213.44, for a total value of $298,816.00.
• On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $222.54, for a total value of $311,556.00.
• On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $218.53, for a total transaction of $305,942.00.
• On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $231.85, for a total transaction of $324,590.00.
• On Monday, October 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $255.40, for a total transaction of $357,560.00.
• On Monday, October 20th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $245.70, for a total transaction of $343,980.00.

Guidewire Software Price Performance

Shares of GWRE opened at $202.39 on Wednesday. Guidewire Software, Inc. has a 1-year low of $165.08 and a 1-year high of $272.60. The stock has a market cap of $17.21 billion, a PE ratio of 192.75, a price-to-earnings-growth ratio of 13.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. The firm has a fifty day moving average price of $215.95 and a 200 day moving average price of $225.56.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company had revenue of $332.64 million for the quarter, compared to analyst estimates of $316.62 million. During the same quarter last year, the company posted $0.43 earnings per share. The business’s quarterly revenue was up 26.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

GWRE has been the topic of a number of research reports. DA Davidson upgraded shares of Guidewire Software from a “neutral” rating to a “buy” rating and raised their target price for the stock from $246.00 to $250.00 in a research report on Wednesday, December 17th. Royal Bank Of Canada increased their price target on shares of Guidewire Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Robert W. Baird raised their price objective on shares of Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. The Goldman Sachs Group upped their target price on shares of Guidewire Software from $270.00 to $305.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, Wells Fargo & Company raised their price target on Guidewire Software from $265.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $271.29.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC purchased a new position in shares of Guidewire Software during the 3rd quarter worth approximately $29,000. Root Financial Partners LLC acquired a new position in Guidewire Software during the third quarter worth $29,000. Newbridge Financial Services Group Inc. purchased a new position in Guidewire Software in the second quarter worth $30,000. Advisors Asset Management Inc. acquired a new stake in Guidewire Software in the first quarter valued at $25,000. Finally, Westside Investment Management Inc. acquired a new stake in Guidewire Software in the second quarter valued at $32,000.

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.