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 on Monday, May 18th. The shares were sold at an average price of $128.19, for a total transaction of $153,828.00. Following the sale, the chief executive officer directly owned 210,406 shares of the company’s stock, valued at approximately $26,971,945.14. The trade was a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a 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, 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.
• On Monday, May 4th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $141.91, for a total transaction of $170,292.00.
• On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.09, for a total transaction of $165,708.00.
• On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $139.75, for a total value of $167,700.00.
• On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $118.77, for a total value of $142,524.00.
• On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $151.14, for a total value of $181,368.00.
• On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.56, for a total value of $186,672.00.
• On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The stock was sold at an average price of $163.86, for a total transaction of $776,204.82.
• On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.00, for a total transaction of $192,000.00.
• On Monday, March 9th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $166.34, for a total transaction of $199,608.00.

Guidewire Software Stock Up 5.3%

GWRE stock traded up $6.93 during mid-day trading on Monday, hitting $137.07. 2,054,216 shares of the company were exchanged, compared to its average volume of 1,575,383. The company has a market capitalization of $11.60 billion, a PE ratio of 62.30 and a beta of 0.91. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.45. Guidewire Software, Inc. has a twelve month low of $115.57 and a twelve month high of $272.60. The firm has a fifty day simple moving average of $144.16 and a 200 day simple moving average of $169.01.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.40. The company had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. On average, research analysts forecast that Guidewire Software, Inc. will post 1.84 earnings per share for the current fiscal year.

Institutional Trading of Guidewire Software

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software during the first quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new stake in shares of Guidewire Software during the third quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Guidewire Software during the third quarter valued at approximately $29,000. Cornerstone Planning Group LLC grew its position in Guidewire Software by 620.0% during the third quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock valued at $34,000 after purchasing an additional 124 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. purchased a new position in Guidewire Software during the third quarter valued at approximately $35,000.

Analysts Set New Price Targets

Several research analysts have weighed in on GWRE shares. Stifel Nicolaus decreased their price objective on shares of Guidewire Software from $300.00 to $250.00 and set a “buy” rating for the company in a report on Friday, March 6th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research report on Thursday, January 22nd. Wells Fargo & Company dropped their price target on shares of Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Guidewire Software from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. Finally, Oppenheimer dropped their price target on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $244.46.

Guidewire Software Company Profile

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.