Guidewire Software (NYSE:GWRE) CEO Sells $286,076.00 in Stock

by · The Cerbat Gem

Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $204.34, for a total value of $286,076.00. Following the sale, the chief executive officer owned 246,758 shares of the company’s stock, valued at approximately $50,422,529.72. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The shares were sold at an average price of $192.08, for a total value of $1,155,361.20.
  • On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $210.87, for a total value of $295,218.00.
  • On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $213.44, for a total transaction of $298,816.00.
  • On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $222.54, for a total transaction of $311,556.00.
  • On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $218.53, for a total transaction of $305,942.00.
  • On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $231.85, for a total transaction of $324,590.00.
  • On Monday, October 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $255.40, for a total transaction of $357,560.00.
  • On Monday, October 20th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $245.70, for a total value of $343,980.00.
  • On Monday, October 13th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $239.71, for a total value of $335,594.00.
  • On Monday, October 6th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $230.08, for a total value of $322,112.00.

Guidewire Software Price Performance

Guidewire Software stock opened at $193.85 on Thursday. The stock has a 50-day moving average price of $223.17 and a two-hundred day moving average price of $228.38. Guidewire Software, Inc. has a 12 month low of $165.08 and a 12 month high of $272.60. The company has a market capitalization of $16.48 billion, a PE ratio of 184.62, a P/E/G ratio of 12.68 and a beta of 1.08. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44.

Guidewire Software (NYSE:GWRE – Get Free Report) last released its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The firm’s revenue was up 26.5% compared to the same quarter last year. Analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Ratings Changes

GWRE has been the subject of several analyst reports. DA Davidson raised shares of Guidewire Software from a “neutral” rating to a “buy” rating and raised their price target for the company from $246.00 to $250.00 in a research note on Wednesday. Stifel Nicolaus increased their price objective on Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Friday, September 5th. BTIG Research reaffirmed a “buy” rating and set a $250.00 target price on shares of Guidewire Software in a report on Wednesday. Raymond James Financial reissued an “outperform” rating and issued a $275.00 price target (up previously from $255.00) on shares of Guidewire Software in a research note on Friday, September 5th. Finally, Zacks Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.29.

Get Our Latest Research Report on GWRE

Institutional Investors Weigh In On Guidewire Software

Several institutional investors and hedge funds have recently made changes to their positions in GWRE. Measured Wealth Private Client Group LLC bought a new stake in Guidewire Software in the third quarter worth approximately $29,000. Root Financial Partners LLC acquired a new stake in shares of Guidewire Software during the 3rd quarter worth approximately $29,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Guidewire Software in the 2nd quarter valued at $30,000. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software during the 1st quarter valued at $25,000. Finally, Westside Investment Management Inc. bought a new position in Guidewire Software during the second quarter worth $32,000.

Guidewire Software Company Profile

(Get Free Report)

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

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