Guidewire Software, Inc. (NYSE:GWRE – Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $159.60, for a total value of $191,520.00. Following the transaction, the chief executive officer owned 271,266 shares of the company’s stock, valued at approximately $43,294,053.60. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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, November 2nd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.16, for a total value of $192,192.00.
- On Monday, October 26th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $187.19, for a total value of $224,628.00.
- On Monday, October 19th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $167.90, for a total value of $201,480.00.
- On Monday, October 12th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $168.97, for a total value of $202,764.00.
- On Monday, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $152.52, for a total value of $183,024.00.
- On Monday, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $142.65, for a total value of $171,180.00.
- On Monday, September 21st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $145.92, for a total value of $175,104.00.
- On Thursday, September 17th, Michael Rosenbaum sold 72,290 shares of Guidewire Software stock. The shares were sold at an average price of $144.47, for a total value of $10,443,736.30.
- On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $145.87, for a total value of $175,044.00.
- On Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.52, for a total transaction of $192,624.00.
Guidewire Software Price Performance
Shares of NYSE GWRE opened at $160.74 on Tuesday. The stock has a market cap of $13.28 billion, a P/E ratio of 98.62 and a beta of 1.01. The firm’s 50-day simple moving average is $163.33 and its 200 day simple moving average is $149.31. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $229.85. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57.
Guidewire Software (NYSE:GWRE – Get Free Report) last announced its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The firm had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. Guidewire Software’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. Equities analysts expect that Guidewire Software, Inc. will post 2.45 EPS for the current year.
Institutional Investors Weigh In On Guidewire Software
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bamco Inc. NY bought a new position in shares of Guidewire Software during the 2nd quarter valued at about $1,106,768,000. Linonia Partnership LP bought a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $853,165,000. Route One Investment Company L.P. bought a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $227,564,000. Van ECK Associates Corp bought a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $149,611,000. Finally, Principal Financial Group Inc. lifted its stake in 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 valued at $176,537,000 after purchasing an additional 997,992 shares during the last quarter.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $215.00 price objective on shares of Guidewire Software in a report on Friday, September 4th. Piper Sandler reissued an “overweight” rating and set a $210.00 target price on shares of Guidewire Software in a report on Friday, September 4th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research report on Monday, August 31st. JPMorgan Chase & Co. cut their target price on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $220.00 price target on shares of Guidewire Software in a research note on Friday, September 4th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $216.23.
View Our Latest Research Report on Guidewire Software
Guidewire Software Company Profile
Guidewire Software develops software for property and casualty insurance companies. Its products support core insurance operations, including policy administration, billing and claims management, as well as data analytics and digital customer services.
The company offers its applications through Guidewire Cloud and provides related implementation and support services. Its platform includes products such as PolicyCenter, BillingCenter and ClaimCenter, designed to help insurers manage workflows and modernize their technology systems.
Founded in 2001, Guidewire is headquartered in San Mateo, California, and serves insurance organizations in markets around the world.
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