Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells $202,764.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction on Monday, October 12th. The stock was sold at an average price of $168.97, for a total transaction of $202,764.00. Following the completion of the sale, the chief executive officer owned 276,066 shares of the company’s stock, valued at approximately $46,646,872.02. This trade represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 Monday, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 shares were 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 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 stock was 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 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 transaction of $225,384.00.
• On Monday, August 17th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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.

Guidewire Software Stock Up 6.7%

Shares of Guidewire Software stock opened at $175.91 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57. The firm has a market cap of $14.65 billion, a P/E ratio of 107.92 and a beta of 1.02. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $255.89. The business has a 50-day moving average price of $167.00 and a 200 day moving average price of $147.49.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $402.61 million. During the same quarter in the prior 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, sell-side analysts forecast that Guidewire Software, Inc. will post 2.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research report on Monday, August 31st. Guggenheim lifted their price objective on shares of Guidewire Software from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Robert W. Baird boosted their target price on shares of Guidewire Software from $202.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research note on Friday, September 4th. Finally, Piper Sandler reissued an “overweight” rating and set a $210.00 target price 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 assigned a Hold rating to the company. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.23.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently bought and sold shares of GWRE. Fort Washington Investment Advisors Inc. OH acquired a new position in Guidewire Software during the 3rd quarter valued at approximately $333,000. Wedmont Private Capital increased its position in Guidewire Software by 83.2% in the third quarter. Wedmont Private Capital now owns 3,248 shares of the technology company’s stock worth $463,000 after buying an additional 1,475 shares during the period. GAMMA Investing LLC increased its position in Guidewire Software by 49.0% in the third quarter. GAMMA Investing LLC now owns 4,129 shares of the technology company’s stock worth $589,000 after buying an additional 1,357 shares during the period. Farther Finance Advisors LLC increased its position in Guidewire Software by 70.4% in the third quarter. Farther Finance Advisors LLC now owns 4,210 shares of the technology company’s stock worth $600,000 after buying an additional 1,739 shares during the period. Finally, Elevation Wealth Partners LLC lifted its stake in Guidewire Software by 63.1% in the third quarter. Elevation Wealth Partners LLC now owns 747 shares of the technology company’s stock valued at $107,000 after buying an additional 289 shares during the last quarter.

Guidewire Software Company Profile

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.