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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $204.44, for a total transaction of $245,328.00. Following the sale, the chief executive officer owned 186,576 shares in the company, valued at $38,143,597.44. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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, August 24th, Michael George 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 George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $172.88, for a total transaction of $207,456.00.
• On Monday, August 10th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $169.50, for a total transaction of $203,400.00.
• On Monday, August 3rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.92, for a total value of $187,104.00.
• On Monday, July 27th, Michael George 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.
• On Monday, July 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.47, for a total value of $166,164.00.
• On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $131.63, for a total value of $157,956.00.
• On Monday, June 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $105.67, for a total value of $126,804.00.
• On Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The stock was sold at an average price of $118.74, for a total value of $692,254.20.
• On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $123.85, for a total value of $148,620.00.

Guidewire Software Stock Down 2.3%

Shares of NYSE GWRE opened at $200.04 on Wednesday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The company has a market cap of $16.66 billion, a P/E ratio of 108.13 and a beta of 0.96. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The business has a 50-day simple moving average of $156.74 and a two-hundred day simple moving average of $145.25.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same period in the prior year, the business posted $0.88 earnings per share. The company’s revenue was up 26.9% on a year-over-year basis. Research analysts anticipate that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on GWRE. Oppenheimer raised their price target on shares of Guidewire Software from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Guggenheim upped their price target on shares of Guidewire Software from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. BTIG Research reiterated a “buy” rating and issued a $175.00 price objective on shares of Guidewire Software in a research report on Thursday, July 2nd. Piper Sandler initiated coverage on Guidewire Software in a research note on Monday, August 10th. They set an “overweight” rating and a $210.00 price objective for the company. Finally, Wells Fargo & Company reduced their target price on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $220.00.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System raised its holdings in shares of Guidewire Software by 11,874.0% during the 2nd quarter. California State Teachers Retirement System now owns 11,757,428 shares of the technology company’s stock valued at $1,446,752,000 after buying an additional 11,659,237 shares in the last quarter. Bamco Inc. NY purchased a new stake in Guidewire Software in the second quarter worth approximately $1,106,768,000. Linonia Partnership LP purchased a new stake in Guidewire Software in the second quarter worth approximately $853,165,000. Route One Investment Company L.P. bought a new position in Guidewire Software during the second quarter valued at approximately $227,564,000. Finally, Geode Capital Management LLC grew its position in Guidewire Software by 8.9% during the fourth 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 last quarter.

About Guidewire Software

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.