Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $273,210.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $195.15, for a total transaction of $273,210.00. Following the completion of the transaction, the chief executive officer now owns 261,393 shares of the company’s stock, valued at $51,010,843.95. This trade represents a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, March 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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 value 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 value 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 transaction of $297,388.00.
• On Monday, February 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $214.68, for a total transaction of $300,552.00.
• On Monday, February 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $208.42, for a total transaction of $291,788.00.
• On Monday, January 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $201.90, for a total transaction of $282,660.00.
• On Tuesday, January 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $179.91, for a total value of $251,874.00.
• On Wednesday, January 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $174.78, for a total value of $244,692.00.

Guidewire Software Price Performance

Shares of GWRE opened at $191.44 on Friday. The firm has a market cap of $16.06 billion, a PE ratio of 531.77, a P/E/G ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year 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. The firm has a fifty day simple moving average of $199.18 and a two-hundred day simple moving average of $188.39.

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

Hedge Funds Weigh In On Guidewire Software

Institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA grew its holdings in Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock valued at $747,968,000 after purchasing an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Guidewire Software by 79.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company’s stock valued at $159,503,000 after buying an additional 418,642 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Guidewire Software by 242.2% during the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company’s stock valued at $93,683,000 after acquiring an additional 393,445 shares during the period. Rathbones Group PLC purchased a new stake in Guidewire Software in the 4th quarter worth approximately $58,118,000. Finally, Balyasny Asset Management L.P. raised its stake in Guidewire Software by 877.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock worth $61,944,000 after acquiring an additional 329,863 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GWRE shares. JMP Securities restated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. Oppenheimer upped their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. The Goldman Sachs Group raised their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada upped their price objective on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.08.

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.