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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $142.31, for a total value of $170,772.00. Following the completion of the sale, the chief executive officer directly owned 192,576 shares in the company, valued at approximately $27,405,490.56. This trade represents a 0.62% 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, July 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.47, for a total value of $166,164.00.
• On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $131.63, for a total value of $157,956.00.
• On Monday, June 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $105.67, for a total value of $126,804.00.
• On Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total value of $692,254.20.
• On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $123.85, for a total transaction of $148,620.00.
• On Monday, June 8th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $135.62, for a total transaction of $162,744.00.
• On Monday, June 1st, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $158.92, for a total transaction of $190,704.00.
• On Tuesday, May 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.51, for a total transaction of $166,212.00.
• On Monday, May 18th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $128.19, for a total transaction of $153,828.00.
• On Monday, May 11th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $136.38, for a total transaction of $163,656.00.

Guidewire Software Price Performance

NYSE GWRE opened at $167.22 on Thursday. The company has a 50-day moving average price of $134.05 and a two-hundred day moving average price of $140.80. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 90.39 and a beta of 0.95. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 earnings per share. Analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Hedge Funds Weigh In On Guidewire Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GWRE. American Trust raised its stake in shares of Guidewire Software by 3.9% in the 3rd quarter. American Trust now owns 1,632 shares of the technology company’s stock worth $375,000 after buying an additional 61 shares in the last quarter. Vident Advisory LLC boosted its stake in Guidewire Software by 1.7% during the third quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock valued at $936,000 after buying an additional 70 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Guidewire Software by 18.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 505 shares of the technology company’s stock worth $102,000 after acquiring an additional 78 shares during the period. Castleark Management LLC grew its holdings in Guidewire Software by 1.6% during the first quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock worth $775,000 after acquiring an additional 80 shares during the period. Finally, DMC Group LLC raised its position in Guidewire Software by 6.5% in the fourth quarter. DMC Group LLC now owns 1,595 shares of the technology company’s stock worth $321,000 after acquiring an additional 98 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have issued reports on GWRE. BTIG Research reiterated a “buy” rating and set a $175.00 price target on shares of Guidewire Software in a research report on Thursday, July 2nd. Stifel Nicolaus lowered their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Oppenheimer cut their price objective on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. Royal Bank Of Canada reduced their price objective on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a report on Friday, June 5th. Finally, Guggenheim initiated coverage on shares of Guidewire Software in a research report on Thursday, July 23rd. They issued a “buy” rating and a $180.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $221.00.

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.