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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $172.88, for a total transaction of $207,456.00. Following the transaction, the chief executive officer directly owned 188,976 shares in the company, valued at $32,670,170.88. This trade represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Monday, August 10th, Michael George 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 George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.92, for a total transaction of $187,104.00.
• On Monday, July 27th, Michael George 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 George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.47, for a total value of $166,164.00.
• On Monday, July 6th, Michael George 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 George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $105.67, for a total value of $126,804.00.
• On Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total value of $692,254.20.
• On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $123.85, for a total value 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 value of $162,744.00.
• On Monday, June 1st, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $158.92, for a total transaction of $190,704.00.

Guidewire Software Trading Up 3.5%

Shares of GWRE stock opened at $177.98 on Wednesday. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $272.60. The firm has a market cap of $14.82 billion, a PE ratio of 96.20 and a beta of 0.92. The company has a 50-day moving average of $140.72 and a two-hundred day moving average of $141.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $372.54 million for the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The business’s revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. On average, analysts predict that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Institutional Trading of Guidewire Software

A number of large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new position in Guidewire Software during the 1st quarter worth $25,000. Fiduciary Financial Advisors acquired a new stake in Guidewire Software in the 2nd quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Guidewire Software in the 3rd quarter valued at about $29,000. Silvant Capital Management LLC purchased a new position in shares of Guidewire Software in the 2nd quarter valued at about $33,000. Finally, Leonteq Securities AG purchased a new position in shares of Guidewire Software in the 1st quarter valued at about $36,000.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of research reports. The Goldman Sachs Group dropped their price objective on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, June 5th. JPMorgan Chase & Co. lowered their target price on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Oppenheimer lifted their target price on Guidewire Software from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Finally, DA Davidson reduced their price target on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $221.64.

Guidewire Software Company Profile

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.