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

Guidewire Software, Inc. (NYSE:GWREGet Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction on Monday, July 13th. The shares were sold at an average price of $138.47, for a total transaction of $166,164.00. Following the completion of the transaction, the chief executive officer directly owned 194,976 shares in the company, valued at $26,998,326.72. This trade represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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, 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 transaction 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 transaction 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 transaction 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.
  • 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.
  • 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 value of $153,828.00.
  • On Monday, May 11th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $136.38, for a total value of $163,656.00.
  • On Monday, May 4th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $141.91, for a total value of $170,292.00.

Guidewire Software Stock Performance

NYSE GWRE traded up $4.19 on Monday, reaching $140.32. The stock had a trading volume of 917,166 shares, compared to its average volume of 1,663,693. The stock has a market cap of $11.68 billion, a P/E ratio of 75.85 and a beta of 0.95. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $272.60. The business’s 50-day moving average price is $131.21 and its 200 day moving average price is $145.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44.

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

Institutional Trading of Guidewire Software

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software during the first quarter worth about $25,000. Amundi lifted its position in Guidewire Software by 703.0% in the second quarter. Amundi now owns 36,093 shares of the technology company’s stock valued at $8,220,000 after purchasing an additional 31,598 shares during the period. Jump Financial LLC acquired a new stake in Guidewire Software in the second quarter valued at about $305,000. Bank of Nova Scotia boosted its holdings in Guidewire Software by 30.9% in the 2nd quarter. Bank of Nova Scotia now owns 2,024 shares of the technology company’s stock valued at $477,000 after purchasing an additional 478 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Guidewire Software by 30.6% in the 2nd quarter. NewEdge Advisors LLC now owns 4,911 shares of the technology company’s stock valued at $1,156,000 after purchasing an additional 1,152 shares in the last quarter.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of recent research reports. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Wells Fargo & Company reduced their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Stifel Nicolaus lowered their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. Finally, Oppenheimer dropped their target price on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $221.36.

Read Our Latest Stock Analysis on GWRE

About Guidewire Software

(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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