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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael Rosenbaum sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $168.97, for a total transaction of $202,764.00. Following the completion of the transaction, the chief executive officer owned 276,066 shares in the company, valued at approximately $46,646,872.02. This represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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, 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 transaction of $183,024.00.
• On Monday, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.65, for a total transaction of $171,180.00.
• On Monday, September 21st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $145.92, for a total transaction 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 transaction of $10,443,736.30.
• On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $145.87, for a total transaction of $175,044.00.
• On Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.52, for a total transaction of $192,624.00.
• On Monday, August 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $204.44, for a total value of $245,328.00.
• On Monday, August 24th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $187.82, for a total value of $225,384.00.
• On Monday, August 17th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $172.88, for a total value of $207,456.00.
• On Monday, August 10th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $169.50, for a total value of $203,400.00.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $165.77 on Wednesday. The business’s 50-day moving average price is $166.59 and its two-hundred day moving average price is $147.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $255.89. The company has a market capitalization of $13.80 billion, a P/E ratio of 101.70 and a beta of 1.02.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. The company had revenue of $411.09 million for the quarter, compared to analyst estimates of $402.61 million. During the same period in the prior year, the firm posted $0.84 EPS. The business’s revenue was up 15.3% compared to the same quarter last year. Analysts anticipate that Guidewire Software, Inc. will post 2.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GWRE has been the topic of a number of research reports. Piper Sandler restated an “overweight” rating and issued a $210.00 price objective on shares of Guidewire Software in a report on Friday, September 4th. Oppenheimer lifted their target price on shares of Guidewire Software from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, September 4th. Citigroup lifted their target price on shares of Guidewire Software from $137.00 to $181.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. DA Davidson reissued a “buy” rating and issued a $222.00 target price on shares of Guidewire Software in a research report on Friday, October 2nd. Finally, Needham & Company LLC restated a “hold” rating 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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $216.23.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently bought and sold shares of GWRE. Fiduciary Financial Advisors acquired a new position in Guidewire Software during the second quarter valued at approximately $29,000. Leonteq Securities AG acquired a new stake in shares of Guidewire Software in the first quarter worth $36,000. Bogart Wealth LLC lifted its stake 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 worth $37,000 after buying an additional 138 shares during the last quarter. Silvant Capital Management LLC acquired a new stake in shares of Guidewire Software in the second quarter worth $33,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Guidewire Software during the 2nd quarter worth $49,000.

About Guidewire Software

Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.

The company’s principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.