Guidewire Software (NYSE:GWRE) CEO Sells $166,164.00 in Stock

Guidewire Software, Inc. (NYSE:GWREGet Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $138.47, for a total transaction of $166,164.00. Following the sale, the chief executive officer directly owned 194,976 shares in the company, valued at approximately $26,998,326.72. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $131.63, for a total value 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 value of $126,804.00.
  • On Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The stock was sold at an average price of $118.74, for a total value 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 shares were 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 shares were sold at an average price of $141.91, for a total transaction of $170,292.00.

Guidewire Software Price Performance

Guidewire Software stock opened at $140.97 on Thursday. The stock has a market capitalization of $11.74 billion, a P/E ratio of 76.20 and a beta of 0.95. The company’s fifty day moving average price is $131.45 and its 200 day moving average price is $144.14. 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, Inc. has a 1 year low of $102.30 and a 1 year high of $272.60.

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

Institutional Trading of Guidewire Software

Several large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. purchased a new position in Guidewire Software in the 1st quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Guidewire Software during the 3rd quarter worth approximately $29,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $36,000. Leonteq Securities AG purchased a new stake in shares of Guidewire Software in the first quarter valued at approximately $36,000. Finally, Bogart Wealth LLC increased its holdings in shares of Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after purchasing an additional 138 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GWRE. The Goldman Sachs Group lowered their price objective on Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 5th. DA Davidson reduced their target price on Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a report on Monday, June 8th. Oppenheimer decreased 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. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, BTIG Research reiterated a “buy” rating and set a $175.00 price target on shares of Guidewire Software in a research report on Thursday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus target price of $224.42.

Check Out Our Latest Report on Guidewire Software

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

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