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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the business’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $167.90, for a total value of $201,480.00. Following the completion of the transaction, the chief executive officer owned 274,866 shares in the company, valued at approximately $46,150,001.40. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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, October 12th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $168.97, for a total value of $202,764.00.
• On Monday, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $152.52, for a total value of $183,024.00.
• On Monday, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 stock was 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 shares were 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 transaction of $192,624.00.
• On Monday, August 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $204.44, for a total transaction 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 shares were sold at an average price of $172.88, for a total transaction of $207,456.00.

Guidewire Software Stock Up 1.6%

NYSE GWRE traded up $2.64 during trading hours on Monday, reaching $171.50. 870,494 shares of the company traded hands, compared to its average volume of 1,550,432. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $255.89. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $14.28 billion, a PE ratio of 105.21 and a beta of 1.02. The company has a 50 day moving average of $166.96 and a two-hundred day moving average of $147.66.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. The company had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the business earned $0.84 EPS. As a group, equities analysts expect that Guidewire Software, Inc. will post 2.45 earnings per share for the current year.

Institutional Trading of Guidewire Software

A number of institutional investors and hedge funds have recently modified their holdings of GWRE. CX Institutional boosted its holdings in shares of Guidewire Software by 8.6% in the 3rd quarter. CX Institutional now owns 863 shares of the technology company’s stock valued at $123,000 after buying an additional 68 shares during the period. Castleark Management LLC grew its position in shares of Guidewire Software by 1.6% during the 1st quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock valued at $775,000 after buying an additional 80 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in Guidewire Software by 35.1% during the second quarter. Elevation Wealth Partners LLC now owns 458 shares of the technology company’s stock worth $56,000 after acquiring an additional 119 shares during the period. D.A. Davidson & CO. raised its stake in Guidewire Software by 3.0% during the first quarter. D.A. Davidson & CO. now owns 4,234 shares of the technology company’s stock worth $633,000 after acquiring an additional 124 shares during the period. Finally, Angeles Wealth Management LLC raised its stake in Guidewire Software by 5.1% during the second quarter. Angeles Wealth Management LLC now owns 2,761 shares of the technology company’s stock worth $340,000 after acquiring an additional 135 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Friday, September 4th. Royal Bank Of Canada restated an “outperform” rating and set a $215.00 price objective on shares of Guidewire Software in a research note on Friday, September 4th. JPMorgan Chase & Co. reduced their target price on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Citizens Jmp reiterated a “market outperform” rating and issued a $220.00 target price on shares of Guidewire Software in a research report on Friday, September 4th. Finally, Citigroup lifted their target price on Guidewire Software from $137.00 to $181.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $216.23.

About Guidewire Software

Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.

The company’s principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.