Michael George Rosenbaum Sells 1,400 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $208.36, for a total value of $291,704.00. Following the sale, the chief executive officer now owns 252,993 shares in the company, valued at approximately $52,713,621.48. This represents a 0.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, April 28th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $198.22, for a total transaction of $277,508.00.
• On Monday, April 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 stock was 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 shares were 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 stock was 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 value of $285,110.00.

Guidewire Software Trading Up 0.2 %

NYSE GWRE opened at $213.61 on Friday. The stock has a market cap of $17.92 billion, a P/E ratio of 593.37, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18. Guidewire Software, Inc. has a fifty-two week low of $107.65 and a fifty-two week high of $219.59. The stock has a 50 day simple moving average of $191.33 and a two-hundred day simple moving average of $191.46. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. On average, analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. Robert W. Baird boosted their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Institutional Trading of Guidewire Software

Several institutional investors and hedge funds have recently bought and sold shares of GWRE. SBI Securities Co. Ltd. lifted its stake in shares of Guidewire Software by 403.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company’s stock valued at $25,000 after purchasing an additional 105 shares during the period. Versant Capital Management Inc bought a new position in Guidewire Software in the fourth quarter worth $25,000. MassMutual Private Wealth & Trust FSB lifted its position 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 valued at $32,000 after buying an additional 70 shares during the period. Ossiam bought a new stake in shares of Guidewire Software during the 4th quarter valued at $29,000. Finally, Dunhill Financial LLC purchased a new stake in shares of Guidewire Software in the 1st quarter worth about $33,000.

Guidewire Software Company Profile

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.