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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the company’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $187.19, for a total value of $224,628.00. Following the transaction, the chief executive officer directly owned 273,666 shares of the company’s stock, valued at $51,227,538.54. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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, October 19th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $167.90, for a total value of $201,480.00.
• On Monday, October 12th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $168.97, for a total value of $202,764.00.
• On Monday, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $152.52, for a total value of $183,024.00.
• On Monday, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.65, for a total value of $171,180.00.
• On Monday, September 21st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $145.92, for a total value of $175,104.00.
• On Thursday, September 17th, Michael Rosenbaum sold 72,290 shares of Guidewire Software stock. The stock was sold at an average price of $144.47, for a total transaction of $10,443,736.30.
• On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $145.87, for a total transaction of $175,044.00.
• 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 transaction of $192,624.00.
• On Monday, August 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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.

Guidewire Software Stock Down 2.5%

Shares of GWRE stock traded down $4.81 during trading on Monday, reaching $184.19. The company’s stock had a trading volume of 1,028,078 shares, compared to its average volume of 1,540,812. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $255.89. The business has a fifty day moving average price of $167.65 and a 200-day moving average price of $148.84. The company has a market cap of $15.34 billion, a price-to-earnings ratio of 113.00 and a beta of 1.02. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The business had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. Analysts anticipate that Guidewire Software, Inc. will post 2.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of recent research reports. Royal Bank Of Canada restated an “outperform” rating and set a $215.00 price objective on shares of Guidewire Software in a research note on Friday, September 4th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $220.00 target price on shares of Guidewire Software in a research report on Friday, September 4th. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price on shares of Guidewire Software in a report on Friday, September 4th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a report on Friday, September 4th. Finally, Robert W. Baird increased their price target on Guidewire Software from $202.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $216.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bamco Inc. NY purchased a new stake in Guidewire Software during the second quarter worth about $1,106,768,000. Linonia Partnership LP purchased a new stake in Guidewire Software in the 2nd quarter worth about $853,165,000. Route One Investment Company L.P. purchased a new stake in Guidewire Software in the 2nd quarter worth about $227,564,000. Van ECK Associates Corp purchased a new stake in Guidewire Software during the second quarter valued at about $149,611,000. Finally, Principal Financial Group Inc. lifted its holdings in Guidewire Software by 547.3% during the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after purchasing an additional 997,992 shares during the last quarter.

About Guidewire Software

Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.

The company’s principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.