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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $145.92, for a total value of $175,104.00. Following the completion of the sale, the chief executive officer directly owned 279,666 shares of the company’s stock, valued at approximately $40,808,862.72. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 stock was 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.
• On Monday, August 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 transaction 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 transaction 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 transaction 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 shares were sold at an average price of $138.47, for a total transaction of $166,164.00.

Guidewire Software Trading Up 3.5%

Shares of NYSE:GWRE traded up $5.10 during midday trading on Monday, hitting $149.39. 990,880 shares of the stock traded hands, compared to its average volume of 1,595,100. The stock has a market capitalization of $12.44 billion, a PE ratio of 91.65 and a beta of 0.97. The business’s 50 day moving average is $164.08 and its two-hundred day moving average is $147.50. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $255.89.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $402.61 million. During the same period last year, the firm earned $0.84 earnings per share. Guidewire Software’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, research analysts forecast that Guidewire Software, Inc. will post 2.46 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Citizens Jmp reiterated a “market outperform” rating and issued a $220.00 price target on shares of Guidewire Software in a report on Friday, September 4th. Oppenheimer boosted their price objective on shares of Guidewire Software from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a report on Monday, August 31st. Finally, BTIG Research raised their target price on shares of Guidewire Software from $175.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $216.23.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds have recently bought and sold shares of the business. Tidal Investments LLC grew its holdings in Guidewire Software by 20.5% in the second quarter. Tidal Investments LLC now owns 11,134 shares of the technology company’s stock worth $1,370,000 after purchasing an additional 1,895 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Guidewire Software during the second quarter valued at approximately $53,000. Baird Financial Group Inc. boosted its position in shares of Guidewire Software by 86.8% in the 2nd quarter. Baird Financial Group Inc. now owns 2,811 shares of the technology company’s stock worth $346,000 after purchasing an additional 1,306 shares in the last quarter. Nykredit A S bought a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $360,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $1,116,000.

Guidewire Software Company Profile

Guidewire Software, Inc (NYSE: GWRE) provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company’s principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.