Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells $183,024.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $152.52, for a total value of $183,024.00. Following the transaction, the chief executive officer owned 277,266 shares of the company’s stock, valued at $42,288,610.32. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.65, for a total value of $171,180.00.
• On Monday, September 21st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 stock was 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 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 shares were 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 transaction 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 transaction 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.
• 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.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $164.27 on Thursday. The stock has a market cap of $13.68 billion, a price-to-earnings ratio of 100.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $255.89. The stock’s 50 day moving average price is $165.83 and its 200 day moving average price is $146.83.

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, beating analysts’ consensus estimates of $0.93 by $0.06. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%.The firm had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. During the same period last year, the company posted $0.84 EPS. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. Equities research analysts anticipate that Guidewire Software, Inc. will post 2.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GWRE. Bamco Inc. NY acquired a new stake in shares of Guidewire Software during the second quarter worth approximately $1,106,768,000. Linonia Partnership LP purchased a new stake in Guidewire Software in the 2nd quarter worth approximately $853,165,000. Route One Investment Company L.P. purchased a new stake in Guidewire Software in the 2nd quarter worth approximately $227,564,000. Van ECK Associates Corp acquired a new stake in shares of Guidewire Software during the 2nd quarter valued at $149,611,000. Finally, Capital World Investors acquired a new stake in shares of Guidewire Software during the 4th quarter valued at $202,405,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on GWRE. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, September 4th. Robert W. Baird boosted their target price on shares of Guidewire Software from $202.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. BTIG Research increased their target price on shares of Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Citigroup raised their target price on shares of Guidewire Software from $137.00 to $181.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Finally, DA Davidson restated a “buy” rating and issued a $222.00 price target on shares of Guidewire Software in a research report on Friday, October 2nd. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software currently has an average 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.