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

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 17th. The stock was sold at an average price of $172.88, for a total transaction of $207,456.00. Following the completion of the transaction, the chief executive officer owned 188,976 shares of the company’s stock, valued at approximately $32,670,170.88. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, 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 shares were 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 stock was 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 stock was 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 shares were 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 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 value of $190,704.00.

Guidewire Software Stock Performance

NYSE:GWRE traded down $4.03 on Monday, hitting $171.56. The stock had a trading volume of 1,036,966 shares, compared to its average volume of 1,596,603. The business’s 50-day simple moving average is $138.77 and its two-hundred day simple moving average is $140.82. Guidewire Software, Inc. has a 52-week low of $102.30 and a 52-week high of $272.60. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of 92.74 and a beta of 0.92.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GWRE. Comerica Bank lifted its holdings in Guidewire Software by 52.0% during the fourth quarter. Comerica Bank now owns 78,659 shares of the technology company’s stock worth $15,811,000 after buying an additional 26,912 shares during the period. Principal Financial Group Inc. raised its position in shares of Guidewire Software by 547.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after acquiring an additional 997,992 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Guidewire Software by 3.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock worth $78,492,000 after purchasing an additional 15,260 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock worth $357,504,000 after purchasing an additional 145,924 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Guidewire Software by 6.2% during the fourth quarter. Los Angeles Capital Management LLC now owns 128,447 shares of the technology company’s stock valued at $25,819,000 after purchasing an additional 7,459 shares in the last quarter.

Wall Street Analyst Weigh In

GWRE has been the topic of several analyst reports. BTIG Research reiterated a “buy” rating and set a $175.00 target price on shares of Guidewire Software in a research report on Thursday, July 2nd. Zacks Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Wells Fargo & Company decreased their target price on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Royal Bank Of Canada lowered their price target on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Finally, Oppenheimer increased their price objective on shares of Guidewire Software from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $221.64.

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.