Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells 1,400 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $204.95, for a total transaction of $286,930.00. Following the transaction, the chief executive officer directly owned 237,943 shares of the company’s stock, valued at $48,766,417.85. This represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, December 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $200.72, for a total value of $281,008.00.
• On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The stock was sold at an average price of $192.08, for a total value of $1,155,361.20.
• On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $204.34, for a total value of $286,076.00.
• On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $210.87, for a total value of $295,218.00.
• On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $213.44, for a total value of $298,816.00.
• On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $222.54, for a total value of $311,556.00.
• On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $218.53, for a total value of $305,942.00.
• On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $231.85, for a total transaction of $324,590.00.
• On Monday, October 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $255.40, for a total transaction of $357,560.00.
• On Monday, October 20th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $245.70, for a total transaction of $343,980.00.

Guidewire Software Price Performance

Shares of NYSE GWRE traded down $1.78 during midday trading on Monday, hitting $203.68. The company had a trading volume of 871,906 shares, compared to its average volume of 1,205,626. The firm has a market capitalization of $17.32 billion, a price-to-earnings ratio of 193.98, a price-to-earnings-growth ratio of 13.46 and a beta of 1.08. Guidewire Software, Inc. has a twelve month low of $165.08 and a twelve month high of $272.60. The business has a 50-day simple moving average of $216.98 and a two-hundred day simple moving average of $225.92. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.44.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The company had revenue of $332.64 million during the quarter, compared to analysts’ expectations of $316.62 million. During the same period last year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 26.5% compared to the same quarter last year. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of research analyst reports. BTIG Research reiterated a “buy” rating and set a $250.00 target price on shares of Guidewire Software in a research report on Wednesday, December 17th. Citigroup lifted their price target on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, October 8th. Raymond James Financial restated an “outperform” rating and set a $275.00 target price (up from $255.00) on shares of Guidewire Software in a report on Friday, September 5th. Finally, Oppenheimer lifted their target price on shares of Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $271.29.

Institutional Trading of Guidewire Software

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Guidewire Software by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock valued at $2,077,791,000 after acquiring an additional 116,726 shares during the last quarter. Geode Capital Management LLC grew its holdings in Guidewire Software by 5.6% in the second quarter. Geode Capital Management LLC now owns 1,578,442 shares of the technology company’s stock valued at $372,105,000 after purchasing an additional 84,152 shares during the period. AQR Capital Management LLC increased its position in Guidewire Software by 18.9% during the third quarter. AQR Capital Management LLC now owns 1,271,528 shares of the technology company’s stock worth $292,146,000 after purchasing an additional 202,064 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in Guidewire Software by 34.4% during the third quarter. Qube Research & Technologies Ltd now owns 982,747 shares of the technology company’s stock worth $225,894,000 after purchasing an additional 251,280 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Guidewire Software by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 856,487 shares of the technology company’s stock valued at $196,872,000 after purchasing an additional 75,955 shares during the last quarter.

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.