Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $277,508.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $198.22, for a total value of $277,508.00. Following the transaction, the chief executive officer now directly owns 254,393 shares of the company’s stock, valued at approximately $50,425,780.46. This represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, April 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $189.44, for a total transaction of $265,216.00.
• On Monday, April 14th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $194.90, for a total transaction of $272,860.00.
• On Monday, April 7th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $167.82, for a total value of $234,948.00.
• On Monday, March 31st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $184.41, for a total value of $258,174.00.
• On Monday, March 24th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $195.15, for a total value of $273,210.00.
• On Monday, March 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $185.03, for a total transaction of $259,042.00.
• On Monday, March 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $170.04, for a total transaction of $238,056.00.
• On Monday, March 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $203.13, for a total transaction of $284,382.00.
• On Monday, February 24th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $203.65, for a total transaction of $285,110.00.
• On Tuesday, February 18th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $212.42, for a total value of $297,388.00.

Guidewire Software Price Performance

Shares of GWRE opened at $209.61 on Friday. The firm has a market capitalization of $17.58 billion, a PE ratio of 582.25, a P/E/G ratio of 37.21 and a beta of 1.19. The stock’s 50 day moving average is $190.29 and its two-hundred day moving average is $190.83. Guidewire Software, Inc. has a twelve month low of $107.65 and a twelve month high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GWRE shares. The Goldman Sachs Group raised their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, Robert W. Baird increased their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Hedge Funds Weigh In On Guidewire Software

A number of large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its holdings in Guidewire Software by 403.8% in the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company’s stock valued at $25,000 after buying an additional 105 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Guidewire Software in the 4th quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company’s stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Ossiam acquired a new position in Guidewire Software during the fourth quarter worth $29,000. Finally, Dunhill Financial LLC acquired a new position in Guidewire Software during the first quarter worth $33,000.

About Guidewire Software

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.