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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $210.87, for a total value of $295,218.00. Following the transaction, the chief executive officer owned 248,158 shares in the company, valued at approximately $52,329,077.46. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 stock was sold at an average price of $218.53, for a total value 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 stock was sold at an average price of $245.70, for a total transaction of $343,980.00.
• On Monday, October 13th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $239.71, for a total transaction of $335,594.00.
• On Monday, October 6th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $230.08, for a total transaction of $322,112.00.
• On Monday, September 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $232.25, for a total transaction of $325,150.00.
• On Monday, September 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $244.55, for a total value of $342,370.00.

Guidewire Software Stock Down 5.0%

Guidewire Software stock traded down $10.45 during midday trading on Monday, reaching $200.10. The stock had a trading volume of 2,099,672 shares, compared to its average volume of 901,376. The stock has a market capitalization of $17.01 billion, a P/E ratio of 190.57, a price-to-earnings-growth ratio of 12.94 and a beta of 1.08. The firm’s fifty day simple moving average is $228.24 and its 200-day simple moving average is $229.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. Guidewire Software, Inc. has a 1-year low of $165.08 and a 1-year high of $272.60.

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

Institutional Investors Weigh In On Guidewire Software

A number of large investors have recently added to or reduced their stakes in GWRE. Vanguard Group Inc. lifted its holdings in Guidewire Software by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock valued at $2,077,791,000 after purchasing an additional 116,726 shares during the last quarter. Linonia Partnership LP raised its position in shares of Guidewire Software by 41.8% in the first quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock valued at $636,333,000 after purchasing an additional 1,000,709 shares during the period. Wellington Management Group LLP lifted its stake in shares of Guidewire Software by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company’s stock worth $313,410,000 after buying an additional 24,991 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Guidewire Software by 5.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,578,442 shares of the technology company’s stock worth $372,105,000 after buying an additional 84,152 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Guidewire Software by 70.4% during the 1st quarter. Invesco Ltd. now owns 1,427,104 shares of the technology company’s stock worth $267,382,000 after buying an additional 589,424 shares during the period.

Analysts Set New Price Targets

Several brokerages have commented on GWRE. Raymond James Financial reissued an “outperform” rating and set a $275.00 price target (up from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. Oppenheimer upped their target price on Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Wall Street Zen cut Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Robert W. Baird boosted their price target on Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Finally, The Goldman Sachs Group upped their price objective on Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $272.25.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.