Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $301,350.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $215.25, for a total value of $301,350.00. Following the transaction, the chief executive officer now directly owns 250,193 shares in the company, valued at $53,854,043.25. This represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, May 5th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $208.36, for a total value of $291,704.00.
• On Monday, April 28th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $198.22, for a total value of $277,508.00.
• On Monday, April 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $189.44, for a total value of $265,216.00.
• On Monday, April 14th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $194.90, for a total value of $272,860.00.
• On Monday, April 7th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $167.82, for a total value of $234,948.00.
• On Monday, March 31st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $184.41, for a total value of $258,174.00.
• On Monday, March 24th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $195.15, for a total value of $273,210.00.
• On Monday, March 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $185.03, for a total value of $259,042.00.
• On Monday, March 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $170.04, for a total transaction of $238,056.00.
• On Monday, March 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $203.13, for a total transaction of $284,382.00.

Guidewire Software Stock Down 1.6%

GWRE stock opened at $207.57 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $197.60 and its 200 day moving average is $193.27. The stock has a market cap of $17.41 billion, a price-to-earnings ratio of 576.58, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a 1-year low of $107.65 and a 1-year high of $219.59.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Sell-side analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GWRE. Massachusetts Financial Services Co. MA grew its position in Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after acquiring an additional 1,009,966 shares during the last quarter. Linonia Partnership LP grew its position in Guidewire Software by 41.8% during the first quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock valued at $636,333,000 after acquiring an additional 1,000,709 shares during the last quarter. Invesco Ltd. grew its position in Guidewire Software by 70.4% during the first quarter. Invesco Ltd. now owns 1,427,104 shares of the technology company’s stock valued at $267,382,000 after acquiring an additional 589,424 shares during the last quarter. Congress Asset Management Co. bought a new position in Guidewire Software during the first quarter valued at approximately $85,453,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Guidewire Software by 79.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock valued at $159,503,000 after acquiring an additional 418,642 shares during the last quarter.

Analysts Set New Price Targets

GWRE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Robert W. Baird increased their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. The Goldman Sachs Group increased their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, DA Davidson reissued a “neutral” rating and issued a $226.00 price target on shares of Guidewire Software in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $207.42.

About Guidewire Software

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.