Guidewire Software (NYSE:GWRE) CEO Sells $163,656.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $136.38, for a total transaction of $163,656.00. Following the completion of the transaction, the chief executive officer owned 211,606 shares in the company, valued at approximately $28,858,826.28. This represents a 0.56% 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, May 4th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $141.91, for a total transaction of $170,292.00.
• On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.09, for a total transaction of $165,708.00.
• On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $139.75, for a total transaction of $167,700.00.
• On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $118.77, for a total transaction of $142,524.00.
• On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $151.14, for a total transaction of $181,368.00.
• On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.56, for a total transaction of $186,672.00.
• On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The shares were sold at an average price of $163.86, for a total transaction of $776,204.82.
• On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.00, for a total transaction of $192,000.00.
• On Monday, March 9th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $166.34, for a total transaction of $199,608.00.
• On Monday, February 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $125.50, for a total transaction of $150,600.00.

Guidewire Software Stock Down 1.5%

Guidewire Software stock opened at $123.72 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.93 and a current ratio of 2.93. The firm has a market cap of $10.47 billion, a PE ratio of 56.23 and a beta of 0.91. Guidewire Software, Inc. has a twelve month low of $115.57 and a twelve month high of $272.60. The firm’s 50 day moving average price is $144.63 and its two-hundred day moving average price is $169.87.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The company had revenue of $359.10 million for the quarter, compared to analyst estimates of $342.88 million. During the same quarter in the prior year, the business posted $0.51 EPS. Guidewire Software’s quarterly revenue was up 24.0% on a year-over-year basis. On average, research analysts predict that Guidewire Software, Inc. will post 1.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Guidewire Software

Several large investors have recently bought and sold shares of GWRE. Advisors Asset Management Inc. acquired a new position in Guidewire Software during the 1st quarter valued at $25,000. Root Financial Partners LLC acquired a new position in shares of Guidewire Software during the third quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Guidewire Software during the third quarter valued at about $29,000. Cornerstone Planning Group LLC lifted its stake in shares of Guidewire Software by 620.0% in the third quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock valued at $34,000 after buying an additional 124 shares during the period. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Guidewire Software in the third quarter valued at about $35,000.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. DA Davidson restated a “buy” rating and set a $246.00 price target on shares of Guidewire Software in a research note on Tuesday, March 10th. BTIG Research increased their price target on shares of Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Zacks Research upgraded shares of Guidewire Software from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Wells Fargo & Company dropped their price target on shares of Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada dropped their price target on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.85.

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.