Guidewire Software (NYSE:GWRE) CEO Sells $191,520.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $159.60, for a total transaction of $191,520.00. Following the transaction, the chief executive officer owned 271,266 shares of the company’s stock, valued at approximately $43,294,053.60. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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, November 2nd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.16, for a total transaction of $192,192.00.
• On Monday, October 26th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $187.19, for a total transaction of $224,628.00.
• On Monday, October 19th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $167.90, for a total transaction of $201,480.00.
• 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 transaction of $202,764.00.
• On Monday, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $152.52, for a total transaction 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 transaction 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 transaction of $175,104.00.
• On Thursday, September 17th, Michael Rosenbaum sold 72,290 shares of Guidewire Software stock. The stock was sold at an average price of $144.47, for a total transaction 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 shares were sold at an average price of $160.52, for a total value of $192,624.00.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $158.18 on Thursday. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $229.85. The stock has a fifty day moving average of $161.51 and a 200-day moving average of $149.29. The company has a market capitalization of $13.07 billion, a PE ratio of 97.04 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.79 and a current ratio of 1.79.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GWRE shares. BTIG Research increased their price target on Guidewire Software from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada restated an “outperform” rating and set a $215.00 price objective on shares of Guidewire Software in a report on Friday, September 4th. Citizens Jmp restated a “market outperform” rating and set a $220.00 price objective on shares of Guidewire Software in a report 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. Finally, Wells Fargo & Company lifted their target price on shares of Guidewire Software from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus price target of $213.29.

Institutional Trading of Guidewire Software

A number of hedge funds have recently modified their holdings of GWRE. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Guidewire Software during the third quarter valued at $28,000. Fiduciary Financial Advisors acquired a new position in Guidewire Software during the second quarter valued at $29,000. Legacies Wealth LLC acquired a new position in Guidewire Software during the third quarter valued at $38,000. Silvant Capital Management LLC purchased a new stake in Guidewire Software in the 2nd quarter worth about $33,000. Finally, IFP Advisors Inc lifted its stake in Guidewire Software by 129.2% in the 3rd quarter. IFP Advisors Inc now owns 330 shares of the technology company’s stock worth $47,000 after acquiring an additional 186 shares in the last quarter.

About Guidewire Software

Guidewire Software develops software for property and casualty insurance companies. Its products support core insurance operations, including policy administration, billing and claims management, as well as data analytics and digital customer services. The company offers its applications through Guidewire Cloud and provides related implementation and support services. Its platform includes products such as PolicyCenter, BillingCenter and ClaimCenter, designed to help insurers manage workflows and modernize their technology systems.