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

Guidewire Software, Inc. (NYSE:GWREGet Free Report) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction on Monday, August 17th. The shares were sold at an average price of $172.88, for a total transaction of $207,456.00. Following the completion of the sale, the chief executive officer owned 188,976 shares in the company, valued at $32,670,170.88. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal 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, August 10th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 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 shares were 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 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 shares were sold at an average price of $158.92, for a total value of $190,704.00.

Guidewire Software Price Performance

NYSE:GWRE opened at $171.56 on Tuesday. The stock has a market capitalization of $14.28 billion, a PE ratio of 92.74 and a beta of 0.92. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $272.60. The firm has a fifty day simple moving average of $139.65 and a 200 day simple moving average of $140.89. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51.

Guidewire Software (NYSE:GWREGet Free Report) last posted its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $355.92 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was up 26.9% compared to the same quarter last year. On average, research analysts expect that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Guidewire Software

Hedge funds have recently bought and sold shares of the stock. Equitable Holdings Inc. acquired a new position in shares of Guidewire Software in the second quarter valued at approximately $275,000. Public Employees Retirement System of Ohio acquired a new stake in Guidewire Software during the 2nd quarter worth approximately $2,995,000. Corient Private Wealth LP acquired a new stake in Guidewire Software during the 2nd quarter worth approximately $10,821,000. Bamco Inc. NY bought a new stake in Guidewire Software in the 2nd quarter valued at $1,106,768,000. Finally, Bank of America Corp DE bought a new stake in Guidewire Software in the 2nd quarter valued at $85,709,000.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Oppenheimer boosted their price target on Guidewire Software from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday. Piper Sandler started coverage on Guidewire Software in a research note on Monday, August 10th. They set an “overweight” rating and a $210.00 target price for the company. The Goldman Sachs Group decreased their target price on Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Royal Bank Of Canada dropped their price target on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Finally, Citizens Jmp cut their price target on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $221.64.

Get Our Latest Analysis on Guidewire Software

Guidewire Software Company Profile

(Get Free Report)

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.

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