Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $291,704.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $208.36, for a total transaction of $291,704.00. Following the sale, the chief executive officer now directly owns 252,993 shares in the company, valued at approximately $52,713,621.48. This represents a 0.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, April 28th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $198.22, for a total value of $277,508.00.
• On Monday, April 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $189.44, for a total value of $265,216.00.
• On Monday, April 14th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $194.90, for a total value of $272,860.00.
• On Monday, April 7th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $167.82, for a total transaction of $234,948.00.
• On Monday, March 31st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $184.41, for a total transaction of $258,174.00.
• On Monday, March 24th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $195.15, for a total value of $273,210.00.
• On Monday, March 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $185.03, for a total value of $259,042.00.
• On Monday, March 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $170.04, for a total value of $238,056.00.
• On Monday, March 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $203.13, for a total transaction of $284,382.00.
• On Monday, February 24th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $203.65, for a total transaction of $285,110.00.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $213.63 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The business’s 50 day moving average price is $191.70 and its 200 day moving average price is $191.64. The company has a market cap of $17.92 billion, a price-to-earnings ratio of 593.42, a PEG ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a one year low of $107.65 and a one year high of $219.59.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. On average, research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GWRE shares. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. The Goldman Sachs Group raised their price objective on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, Robert W. Baird lifted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus target price of $206.08.

Institutional Trading of Guidewire Software

Several institutional investors and hedge funds have recently bought and sold shares of GWRE. Wilmington Savings Fund Society FSB acquired a new position in shares of Guidewire Software in the 3rd quarter worth approximately $125,000. Versant Capital Management Inc purchased a new stake in shares of Guidewire Software in the 4th quarter valued at $25,000. Westwind Capital boosted its holdings in Guidewire Software by 1.7% during the 4th quarter. Westwind Capital now owns 76,551 shares of the technology company’s stock valued at $12,905,000 after acquiring an additional 1,306 shares during the period. CHICAGO TRUST Co NA boosted its holdings in Guidewire Software by 14.2% during the 4th quarter. CHICAGO TRUST Co NA now owns 3,655 shares of the technology company’s stock valued at $616,000 after acquiring an additional 455 shares during the period. Finally, Cooper Financial Group acquired a new position in Guidewire Software in the 4th quarter valued at about $203,000.

Guidewire Software Company Profile

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.