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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $160.52, for a total value of $192,624.00. Following the sale, the chief executive officer owned 185,376 shares of the company’s stock, valued at approximately $29,756,555.52. This represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, 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 value 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 value 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 value 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 value 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.
• On Monday, July 6th, Michael 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 Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $105.67, for a total transaction of $126,804.00.
• On Tuesday, June 16th, Michael 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.

Guidewire Software Stock Down 7.8%

Shares of NYSE GWRE traded down $12.70 during trading hours on Tuesday, hitting $149.72. 2,840,624 shares of the stock were exchanged, compared to its average volume of 1,595,028. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $262.93. The firm has a fifty day moving average price of $161.89 and a 200-day moving average price of $146.79. The company has a quick ratio of 2.44, a current ratio of 1.79 and a debt-to-equity ratio of 0.57. The company has a market cap of $12.47 billion, a PE ratio of 91.85 and a beta of 0.97.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. During the same period last year, the firm earned $0.84 earnings per share. Guidewire Software’s revenue was up 15.3% compared to the same quarter last year. On average, sell-side analysts expect that Guidewire Software, Inc. will post 2.15 EPS for the current year.

Hedge Funds Weigh In On Guidewire Software

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in shares of Guidewire Software by 11,874.0% in the second quarter. California State Teachers Retirement System now owns 11,757,428 shares of the technology company’s stock valued at $1,446,752,000 after purchasing an additional 11,659,237 shares during the period. Bamco Inc. NY purchased a new stake in Guidewire Software in the second quarter valued at approximately $1,106,768,000. Linonia Partnership LP purchased a new stake in Guidewire Software in the second quarter valued at approximately $853,165,000. Route One Investment Company L.P. acquired a new position in Guidewire Software in the 2nd quarter worth approximately $227,564,000. Finally, Van ECK Associates Corp acquired a new position in Guidewire Software in the 2nd quarter worth approximately $149,611,000.

Analyst Ratings Changes

Several research analysts recently weighed in on GWRE shares. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Monday, August 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $215.00 price target on shares of Guidewire Software in a research note on Friday. Citigroup raised their price target on Guidewire Software from $137.00 to $181.00 and gave the stock a “neutral” rating in a report on Friday. DA Davidson restated a “buy” rating and set a $222.00 price target on shares of Guidewire Software in a research note on Friday. Finally, Piper Sandler restated an “overweight” rating and set a $210.00 price objective on shares of Guidewire Software in a report on Friday. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $216.23.

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.