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

Guidewire Software, Inc. (NYSE:GWREGet Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $138.51, for a total transaction of $166,212.00. Following the completion of the sale, the chief executive officer directly owned 209,206 shares in the company, valued at $28,977,123.06. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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, May 18th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $128.19, for a total transaction of $153,828.00.
  • On Monday, May 11th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $136.38, for a total transaction of $163,656.00.
  • On Monday, May 4th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $141.91, for a total transaction of $170,292.00.
  • On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.09, for a total value of $165,708.00.
  • On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $139.75, for a total value of $167,700.00.
  • On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $118.77, for a total value of $142,524.00.
  • On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $151.14, for a total value of $181,368.00.
  • On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.56, for a total value of $186,672.00.
  • On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The shares were sold at an average price of $163.86, for a total value of $776,204.82.
  • On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.00, for a total value of $192,000.00.

Guidewire Software Trading Down 3.0%

Guidewire Software stock opened at $133.18 on Thursday. The firm has a market cap of $11.28 billion, a PE ratio of 60.54 and a beta of 0.91. Guidewire Software, Inc. has a 12 month low of $115.57 and a 12 month high of $272.60. The stock’s 50 day simple moving average is $140.43 and its two-hundred day simple moving average is $163.76. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.45.

Guidewire Software (NYSE:GWREGet Free Report) last posted its earnings results on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The firm had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. During the same period in the previous year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 24.0% on a year-over-year basis. Analysts anticipate that Guidewire Software, Inc. will post 1.84 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Guidewire Software by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock worth $2,077,791,000 after buying an additional 116,726 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Guidewire Software by 8.9% in the fourth quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock worth $357,504,000 after acquiring an additional 145,924 shares during the last quarter. Stockbridge Partners LLC boosted its stake in shares of Guidewire Software by 39.0% in the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock worth $290,501,000 after acquiring an additional 405,850 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Guidewire Software by 3.6% during the fourth quarter. AQR Capital Management LLC now owns 1,316,817 shares of the technology company’s stock worth $264,693,000 after purchasing an additional 45,289 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Guidewire Software by 547.3% during the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock worth $176,537,000 after purchasing an additional 997,992 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently commented on GWRE. Oppenheimer dropped their target price on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. DA Davidson reiterated a “buy” rating and set a $246.00 price target on shares of Guidewire Software in a research report on Tuesday, March 10th. Royal Bank Of Canada dropped their price objective on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. BTIG Research upped their target price on Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, Stifel Nicolaus decreased their target price on Guidewire Software from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $244.46.

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Guidewire Software Company Profile

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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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Insider Buying and Selling by Quarter for Guidewire Software (NYSE:GWRE)

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