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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $159.60, for a total value of $191,520.00. Following the transaction, the chief executive officer owned 271,266 shares of the company’s stock, valued at approximately $43,294,053.60. 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 at 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, November 2nd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.16, for a total transaction of $192,192.00.
• On Monday, October 26th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $187.19, for a total transaction of $224,628.00.
• 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 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 value 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 transaction 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 transaction 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.

Guidewire Software Stock Performance

GWRE traded down $0.67 during trading on Monday, hitting $160.74. 716,531 shares of the stock were exchanged, compared to its average volume of 1,520,179. The firm has a market capitalization of $13.28 billion, a P/E ratio of 98.62 and a beta of 1.01. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $229.85. The stock has a fifty day moving average price of $164.23 and a two-hundred day moving average price of $149.30. 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 posted its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 12.66% and a net margin of 9.44%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.84 earnings per share. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 2.45 earnings per share for the current year.

Institutional Trading of Guidewire Software

Hedge funds and other institutional investors have recently made changes to their positions in the company. CX Institutional raised its holdings in Guidewire Software by 8.6% during the third quarter. CX Institutional now owns 863 shares of the technology company’s stock worth $123,000 after purchasing an additional 68 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in Guidewire Software by 2.5% in the 3rd quarter. Angeles Wealth Management LLC now owns 2,831 shares of the technology company’s stock valued at $404,000 after purchasing an additional 70 shares in the last quarter. Signaturefd LLC boosted its holdings in Guidewire Software by 1.4% in the 3rd quarter. Signaturefd LLC now owns 5,324 shares of the technology company’s stock valued at $759,000 after purchasing an additional 72 shares in the last quarter. Castleark Management LLC increased its position in Guidewire Software by 1.6% during the 1st 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 period. Finally, Elevation Wealth Partners LLC increased its position in Guidewire Software by 35.1% during the 2nd 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 period.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GWRE. Wells Fargo & Company boosted their price target on Guidewire Software from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Oppenheimer increased their price objective on Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Robert W. Baird increased their price objective on Guidewire Software from $202.00 to $235.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $215.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. Finally, Guggenheim boosted their target price on Guidewire Software from $180.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.23.

About Guidewire Software

Guidewire Software develops software for property and casualty insurance companies. Its products support core insurance operations, including policy administration, billing and claims management, as well as data analytics and digital customer services.

The company offers its applications through Guidewire Cloud and provides related implementation and support services. Its platform includes products such as PolicyCenter, BillingCenter and ClaimCenter, designed to help insurers manage workflows and modernize their technology systems.

Founded in 2001, Guidewire is headquartered in San Mateo, California, and serves insurance organizations in markets around the world.