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

by · The Markets Daily

Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the firm’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 completion of the transaction, the chief executive officer owned 277,266 shares in the company, valued at $42,288,610.32. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, 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 value of $175,104.00.
  • On Thursday, September 17th, Michael Rosenbaum sold 72,290 shares of Guidewire Software stock. The shares were sold at an average price of $144.47, for a total value 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 value of $175,044.00.
  • On Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.52, for a total value 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 value of $245,328.00.
  • On Monday, August 24th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 transaction of $207,456.00.
  • On Monday, August 10th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 transaction of $187,104.00.

Guidewire Software Trading Up 7.4%

Shares of GWRE stock traded up $11.22 on Monday, hitting $163.38. The stock had a trading volume of 2,116,653 shares, compared to its average volume of 1,370,603. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $255.89. The company has a fifty day moving average price of $165.77 and a two-hundred day moving average price of $146.73. The firm has a market cap of $13.60 billion, a P/E ratio of 100.23 and a beta of 1.02.

Guidewire Software (NYSE:GWRE – Get Free Report) last issued 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. The business had revenue of $411.09 million for the quarter, compared to the consensus estimate of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%.The firm’s revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. As a group, analysts forecast that Guidewire Software, Inc. will post 2.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds have recently made changes to their positions in GWRE. Bamco Inc. NY acquired a new stake in shares of Guidewire Software in the second quarter valued at approximately $1,106,768,000. Linonia Partnership LP acquired a new position in Guidewire Software during the second quarter worth $853,165,000. Route One Investment Company L.P. acquired a new position in Guidewire Software during the second quarter worth $227,564,000. Van ECK Associates Corp bought a new position in Guidewire Software in the second quarter valued at $149,611,000. Finally, Principal Financial Group Inc. grew its position in Guidewire Software by 547.3% in the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after purchasing an additional 997,992 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on GWRE. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a report on Monday, August 31st. Wells Fargo & Company increased their target price on Guidewire Software from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Oppenheimer raised their target price on shares of Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Guggenheim lifted their price target on shares of Guidewire Software from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Finally, Needham & Company LLC reiterated a “hold” rating 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $216.23.

Check Out Our Latest Stock Analysis on GWRE

About Guidewire Software

(Get Free Report)

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.

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