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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $135.62, for a total value of $162,744.00. Following the completion of the transaction, the chief executive officer owned 206,806 shares of the company’s stock, valued at $28,047,029.72. The trade was a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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, 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 value of $190,704.00.
• On Tuesday, May 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.51, for a total value of $166,212.00.
• On Monday, May 18th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $128.19, for a total value of $153,828.00.
• On Monday, May 11th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $136.38, for a total value of $163,656.00.
• On Monday, May 4th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $141.91, for a total value of $170,292.00.
• On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.09, for a total value of $165,708.00.
• On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $139.75, for a total value of $167,700.00.
• On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $118.77, for a total value of $142,524.00.
• On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $151.14, for a total value of $181,368.00.
• On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.56, for a total value of $186,672.00.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $127.24 on Tuesday. The firm has a market capitalization of $10.77 billion, a PE ratio of 68.78 and a beta of 0.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.93. The business has a 50-day moving average of $139.59 and a two-hundred day moving average of $159.91. Guidewire Software, Inc. has a 12 month low of $115.57 and a 12 month high of $272.60.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. The company had revenue of $372.54 million during the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm’s revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 earnings per share. As a group, research analysts forecast that Guidewire Software, Inc. will post 1.84 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GWRE. Advisors Asset Management Inc. purchased a new position in Guidewire Software in the first quarter valued at about $25,000. Amundi boosted its holdings in Guidewire Software by 703.0% in the second quarter. Amundi now owns 36,093 shares of the technology company’s stock valued at $8,220,000 after purchasing an additional 31,598 shares during the last quarter. Jump Financial LLC bought a new position in Guidewire Software during the 2nd quarter worth approximately $305,000. Bank of Nova Scotia lifted its holdings in Guidewire Software by 30.9% during the 2nd quarter. Bank of Nova Scotia now owns 2,024 shares of the technology company’s stock worth $477,000 after buying an additional 478 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Guidewire Software by 30.6% during the 2nd quarter. NewEdge Advisors LLC now owns 4,911 shares of the technology company’s stock worth $1,156,000 after buying an additional 1,152 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GWRE shares. BTIG Research reaffirmed a “buy” rating and issued a $200.00 target price on shares of Guidewire Software in a research report on Tuesday, June 2nd. DA Davidson decreased their target price on Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a research report on Monday. Royal Bank Of Canada decreased their target price on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday. Wells Fargo & Company decreased their target price on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group decreased their target price on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Friday. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $229.00.

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.