Guidewire Software (NYSE:GWRE) CEO Sells $170,772.00 in Stock

Guidewire Software, Inc. (NYSE:GWREGet Free Report) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $142.31, for a total value of $170,772.00. Following the sale, the chief executive officer owned 192,576 shares of the company’s stock, valued at approximately $27,405,490.56. This trade represents a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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, July 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 stock was sold at an average price of $135.62, for a total transaction of $162,744.00.
  • On Monday, June 1st, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $158.92, for a total transaction 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.

Guidewire Software Trading Down 8.1%

Shares of GWRE stock opened at $153.72 on Friday. The business has a 50-day moving average price of $134.40 and a two-hundred day moving average price of $140.58. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $272.60. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The firm has a market cap of $12.80 billion, a P/E ratio of 83.09 and a beta of 0.95.

Guidewire Software (NYSE:GWREGet Free Report) last announced its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $372.54 million for 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 company’s revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS. Equities analysts anticipate that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a report on Friday, June 5th. Oppenheimer reduced their target price on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Citizens Jmp lowered their price target on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research note on Friday, June 5th. Stifel Nicolaus cut their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Finally, Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.00.

Read Our Latest Stock Report on GWRE

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GWRE. Advisors Asset Management Inc. bought a new stake in Guidewire Software during the 1st quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new stake in Guidewire Software in the 3rd quarter worth $29,000. Flagship Harbor Advisors LLC bought a new stake in Guidewire Software in the 4th quarter worth $36,000. Leonteq Securities AG purchased a new position in shares of Guidewire Software in the first quarter valued at about $36,000. Finally, Bogart Wealth LLC increased its position in shares of Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after acquiring an additional 138 shares during the period.

About Guidewire Software

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

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