Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells $175,044.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $145.87, for a total value of $175,044.00. Following the completion of the sale, the chief executive officer directly owned 230,082 shares in the company, valued at approximately $33,562,061.34. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 stock was sold at an average price of $204.44, for a total transaction 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 shares were 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 stock was sold at an average price of $138.47, for a total value of $166,164.00.
• On Monday, July 6th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $131.63, for a total value 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 value of $126,804.00.

Guidewire Software Price Performance

GWRE stock opened at $146.75 on Thursday. The stock has a 50-day moving average price of $163.73 and a two-hundred day moving average price of $147.54. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $255.89. The company has a current ratio of 1.79, a quick ratio of 2.44 and a debt-to-equity ratio of 0.57. The company has a market cap of $12.22 billion, a PE ratio of 90.03 and a beta of 0.97.

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

Analyst Upgrades and Downgrades

GWRE has been the subject of several recent research reports. DA Davidson reissued a “buy” rating and issued a $222.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research report on Monday, August 31st. 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. BTIG Research raised their price objective on Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Finally, Oppenheimer boosted their price objective on Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $216.23.

Institutional Investors Weigh In On Guidewire Software

Hedge funds have recently bought and sold shares of the business. Bamco Inc. NY acquired a new stake in shares of Guidewire Software during the second quarter worth approximately $1,106,768,000. Linonia Partnership LP acquired a new stake in Guidewire Software in the second quarter valued at $853,165,000. Route One Investment Company L.P. acquired a new stake in Guidewire Software in the second quarter valued at $227,564,000. Van ECK Associates Corp bought a new position in Guidewire Software during the 2nd quarter valued at $149,611,000. Finally, Capital World Investors bought a new position in Guidewire Software during the 4th quarter valued at $202,405,000.

About Guidewire Software

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.