Guidewire Software (NYSE:GWRE) CEO Sells $175,044.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $145.87, for a total transaction of $175,044.00. Following the completion of the transaction, the chief executive officer directly owned 230,082 shares of the company’s stock, valued at approximately $33,562,061.34. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael George Rosenbaum also recently made the following trade(s):

• 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 stock was 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 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 value of $203,400.00.
• On Monday, August 3rd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.92, for a total value of $187,104.00.
• On Monday, July 27th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.31, for a total value of $170,772.00.
• On Monday, July 13th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.47, for a total value of $166,164.00.
• On Monday, July 6th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $131.63, for a total value of $157,956.00.
• On Monday, June 22nd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $105.67, for a total value of $126,804.00.

Guidewire Software Trading Up 8.6%

Guidewire Software stock traded up $12.12 during trading hours on Monday, reaching $153.04. 1,686,169 shares of the company’s stock traded hands, compared to its average volume of 1,598,959. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.44 and a current ratio of 1.79. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $255.91. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 93.89 and a beta of 0.97. The firm’s 50 day moving average is $162.96 and its 200-day moving average is $147.26.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The business had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. During the same period in the previous year, the firm posted $0.84 earnings per share. Guidewire Software’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, analysts predict that Guidewire Software, Inc. will post 2.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GWRE. Piper Sandler reissued an “overweight” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Friday, September 4th. Robert W. Baird upped their price objective on Guidewire Software from $202.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Guggenheim increased their target price on Guidewire Software from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. DA Davidson reaffirmed a “buy” rating and issued a $222.00 price target on shares of Guidewire Software in a research note on Friday, September 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GWRE. Principal Financial Group Inc. increased its holdings in shares of Guidewire Software by 547.3% in the first 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 holdings 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 valued at $78,492,000 after purchasing an additional 15,260 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Guidewire Software by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after purchasing an additional 145,924 shares during the period. Entropy Technologies LP bought a new stake in Guidewire Software during the 4th quarter worth approximately $5,837,000. Finally, Weiss Asset Management LP bought a new stake in Guidewire Software during the 1st quarter worth approximately $6,087,000.

About Guidewire Software

Guidewire Software, Inc (NYSE: GWRE) provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company’s principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.