Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells $203,400.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $169.50, for a total transaction of $203,400.00. Following the transaction, the chief executive officer directly owned 190,176 shares in the company, valued at approximately $32,234,832. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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, August 3rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 transaction 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 transaction of $166,164.00.
• On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 shares were 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.
• On Monday, June 8th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $135.62, for a total value of $162,744.00.
• On Monday, June 1st, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $158.92, for a total value of $190,704.00.
• On Tuesday, May 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.51, for a total value of $166,212.00.

Guidewire Software Stock Performance

Guidewire Software stock opened at $172.82 on Thursday. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $272.60. 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 business’s 50-day moving average price is $137.35 and its two-hundred day moving average price is $140.56. The stock has a market cap of $14.39 billion, a PE ratio of 93.42 and a beta of 0.92.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. acquired a new position in Guidewire Software in the 1st quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Guidewire Software during the third quarter valued at $29,000. Silvant Capital Management LLC acquired a new position in shares of Guidewire Software during the second quarter worth $33,000. Flagship Harbor Advisors LLC acquired a new position in shares of Guidewire Software during the fourth quarter worth $36,000. Finally, Leonteq Securities AG bought a new stake in shares of Guidewire Software in the first quarter worth $36,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Guggenheim began coverage on shares of Guidewire Software in a research note on Thursday, July 23rd. They issued a “buy” rating and a $180.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Oppenheimer lowered their price target on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, May 18th. DA Davidson dropped their price target on Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Finally, Piper Sandler started coverage on Guidewire Software in a report on Monday. They set an “overweight” rating and a $210.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $220.21.

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.