Guidewire Software (NYSE:GWRE) CEO Sells 1,200 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $169.50, for a total value of $203,400.00. Following the completion of the transaction, the chief executive officer directly owned 190,176 shares in the company, valued at approximately $32,234,832. The trade was a 0.63% decrease in their position. The transaction was disclosed in a document filed 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, 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 value 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 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 shares were 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 stock was sold at an average price of $138.51, for a total transaction of $166,212.00.

Guidewire Software Stock Performance

NYSE:GWRE traded up $2.80 during mid-day trading on Monday, reaching $173.33. The stock had a trading volume of 1,290,437 shares, compared to its average volume of 1,613,718. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of 93.69 and a beta of 0.92. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $272.60. The business has a 50 day simple moving average of $136.70 and a 200 day simple moving average of $140.20.

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

Hedge Funds Weigh In On Guidewire Software

A number of institutional investors have recently made changes to their positions in GWRE. Diversify Advisory Services LLC acquired a new stake in shares of Guidewire Software during the second quarter valued at $563,000. M.D. Sass LLC acquired a new position in Guidewire Software in the 2nd quarter valued at about $6,793,000. Meeder Advisory Services Inc. purchased a new position in Guidewire Software in the 2nd quarter valued at about $288,000. Banco BTG Pactual S.A. purchased a new position in Guidewire Software in the 2nd quarter valued at about $270,000. Finally, Deutsche Bank AG acquired a new stake in shares of Guidewire Software during the 2nd quarter worth about $41,650,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Guggenheim began coverage on Guidewire Software in a research note on Thursday, July 23rd. They issued a “buy” rating and a $180.00 price target on the stock. Wells Fargo & Company cut their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Piper Sandler assumed coverage on Guidewire Software in a report on Monday. They issued an “overweight” rating and a $210.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $220.21.

About Guidewire Software

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.