Guidewire Software (NYSE:GWRE) CEO Sells $171,180.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $142.65, for a total transaction of $171,180.00. Following the sale, the chief executive officer directly owned 278,466 shares of the company’s stock, valued at approximately $39,723,174.90. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 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.
• On Monday, August 3rd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 stock was sold at an average price of $142.31, for a total value of $170,772.00.

Guidewire Software Stock Down 2.1%

Shares of GWRE stock opened at $152.07 on Friday. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $255.89. The company has a market cap of $12.66 billion, a price-to-earnings ratio of 93.30 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. The stock’s fifty day moving average price is $165.49 and its 200 day moving average price is $146.83.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, topping the consensus estimate 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. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, research analysts expect that Guidewire Software, Inc. will post 2.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GWRE shares. BTIG Research boosted their target price on shares of Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price on shares of Guidewire Software in a report on Friday, September 4th. Oppenheimer lifted their price target on Guidewire Software from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, September 4th. Citizens Jmp reissued a “market outperform” rating and issued a $220.00 price target on shares of Guidewire Software in a report on Friday, September 4th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $215.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. Twelve investment 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, the stock 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 large investors have recently bought and sold shares of the business. Bamco Inc. NY purchased a new stake in shares of Guidewire Software in the second quarter valued at approximately $1,106,768,000. Linonia Partnership LP purchased a new position in shares of Guidewire Software during the 2nd quarter valued at approximately $853,165,000. Geode Capital Management LLC grew its stake in 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 acquiring an additional 145,924 shares during the period. Route One Investment Company L.P. acquired a new stake in Guidewire Software in the 2nd quarter valued at $227,564,000. Finally, Capital World Investors acquired a new stake in Guidewire Software in the 4th quarter valued at $202,405,000.

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.