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 business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $168.97, for a total transaction of $202,764.00. Following the transaction, the chief executive officer owned 276,066 shares in the company, valued at $46,646,872.02. This represents a 0.43% decrease in their position. 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, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $152.52, for a total transaction of $183,024.00.
• On Monday, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $142.65, for a total transaction 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 transaction of $175,104.00.
• On Thursday, September 17th, Michael Rosenbaum sold 72,290 shares of Guidewire Software stock. The shares were sold at an average price of $144.47, for a total value of $10,443,736.30.
• On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $145.87, for a total value of $175,044.00.
• On Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 shares were sold at an average price of $204.44, for a total value 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 value of $225,384.00.
• On Monday, August 17th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $172.88, for a total value 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.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $164.94 on Thursday. The company’s fifty day moving average price is $166.68 and its 200-day moving average price is $147.27. The stock has a market cap of $13.73 billion, a PE ratio of 101.19 and a beta of 1.02. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $255.89.

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

Institutional Trading of Guidewire Software

Several institutional investors have recently bought and sold shares of GWRE. CX Institutional boosted its position in shares of Guidewire Software by 8.6% during the third quarter. CX Institutional now owns 863 shares of the technology company’s stock valued at $123,000 after buying an additional 68 shares during the last quarter. Castleark Management LLC boosted its holdings in Guidewire Software by 1.6% in the first quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock worth $775,000 after purchasing an additional 80 shares during the last quarter. Avory & Company LLC boosted its holdings in Guidewire Software by 10.0% in the fourth quarter. Avory & Company LLC now owns 1,187 shares of the technology company’s stock worth $239,000 after purchasing an additional 108 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in Guidewire Software by 35.1% in the second quarter. Elevation Wealth Partners LLC now owns 458 shares of the technology company’s stock worth $56,000 after purchasing an additional 119 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in Guidewire Software by 3.0% in the 1st quarter. D.A. Davidson & CO. now owns 4,234 shares of the technology company’s stock worth $633,000 after purchasing an additional 124 shares during the period.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of analyst reports. BTIG Research boosted their price target on Guidewire Software from $175.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. JPMorgan Chase & Co. reduced their price objective on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Wells Fargo & Company lifted their price objective on Guidewire Software from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $216.23.

About Guidewire Software

Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.

The company’s principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.