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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $187.82, for a total value of $225,384.00. Following the sale, the chief executive officer owned 187,776 shares of the company’s stock, valued at $35,268,088.32. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, August 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $172.88, for a total transaction of $207,456.00.
• 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 transaction of $187,104.00.
• On Monday, July 27th, Michael George 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 George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.47, for a total transaction 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 stock was 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 shares were sold at an average price of $123.85, for a total transaction 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.

Guidewire Software Stock Performance

GWRE traded up $2.63 during trading on Monday, reaching $191.82. The company’s stock had a trading volume of 1,550,929 shares, compared to its average volume of 1,579,574. Guidewire Software, Inc. has a 52-week low of $102.30 and a 52-week high of $272.60. The company’s fifty day moving average price is $144.61 and its 200-day moving average price is $141.89. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 103.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) 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 business had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. During the same period in the prior year, the business posted $0.88 EPS. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, equities analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GWRE. Piper Sandler started coverage on shares of Guidewire Software in a research note on Monday, August 10th. They set an “overweight” rating and a $210.00 price target on the stock. 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 report on Monday, August 17th. The Goldman Sachs Group lowered their target price on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Zacks Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, DA Davidson reduced their price target on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $221.64.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. purchased a new position in shares of Guidewire Software during the 1st quarter worth approximately $25,000. Fiduciary Financial Advisors acquired a new position in shares of Guidewire Software in the second quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Guidewire Software during the third quarter valued at $29,000. Silvant Capital Management LLC purchased a new stake in Guidewire Software during the 2nd quarter worth about $33,000. Finally, Leonteq Securities AG acquired a new position in Guidewire Software in the 1st quarter valued at about $36,000.

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.