Michael George Rosenbaum Sells 5,830 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 5,830 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $692,254.20. Following the completion of the sale, the chief executive officer directly owned 199,776 shares of the company’s stock, valued at approximately $23,721,402.24. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 shares were 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 shares were 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 value of $170,292.00.
• On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.09, for a total value of $165,708.00.
• On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $139.75, for a total value of $167,700.00.
• On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $118.77, for a total value of $142,524.00.

Guidewire Software Stock Down 5.2%

NYSE:GWRE opened at $111.32 on Thursday. The firm has a market capitalization of $9.27 billion, a PE ratio of 60.17 and a beta of 0.93. The stock has a 50 day moving average of $135.48 and a 200-day moving average of $155.26. Guidewire Software, Inc. has a 52 week low of $111.08 and a 52 week high of $272.60. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The company had revenue of $372.54 million during the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business’s revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 earnings per share. Analysts predict that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GWRE shares. The Goldman Sachs Group lowered their target price on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a report on Friday, June 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. Oppenheimer decreased their price objective on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Wells Fargo & Company decreased their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, June 5th. Finally, Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $229.00.

Key Guidewire Software News

Here are the key news stories impacting Guidewire Software this week:

• Neutral Sentiment: The company reported strong fiscal Q4 results on June 4, beating EPS and revenue estimates and posting 26.9% year-over-year revenue growth, which remains a fundamental positive for GWRE.
• Positive Sentiment: Some commentary points to Guidewire’s buyback program as a possible support for the stock if the recent sell-off continues, and analysts still broadly rate the shares a Moderate Buy.
• Negative Sentiment: Multiple insiders sold shares on June 15–16, including CEO Michael Rosenbaum, CFO Jeffrey Cooper, President John Mullen, and CAO David Franklin Peterson, which can be interpreted as a bearish near-term signal for investor sentiment.
• Negative Sentiment: Several Wall Street firms lowered price targets after earnings, including Stifel, RBC, Goldman Sachs, and DA Davidson, suggesting expectations have cooled even though ratings remain constructive.

Hedge Funds Weigh In On Guidewire Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. bought a new position in Guidewire Software in the 1st quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Guidewire Software in the third quarter worth approximately $29,000. Flagship Harbor Advisors LLC acquired a new stake in Guidewire Software in the fourth quarter worth approximately $36,000. Leonteq Securities AG acquired a new stake in Guidewire Software in the first quarter worth approximately $36,000. Finally, Bogart Wealth LLC lifted its position in 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 purchasing an additional 138 shares during the period.

Guidewire Software Company Profile

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.