Michael George Rosenbaum Sells 6,015 Shares of Guidewire Software (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 6,015 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total transaction of $1,155,361.20. Following the completion of the sale, the chief executive officer owned 240,743 shares in the company, valued at $46,241,915.44. This represents a 2.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.34, for a total transaction of $286,076.00.
• On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $210.87, for a total value of $295,218.00.
• On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $213.44, for a total value of $298,816.00.
• On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $222.54, for a total value of $311,556.00.
• On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $218.53, for a total value of $305,942.00.
• On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $231.85, for a total value of $324,590.00.
• On Monday, October 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $255.40, for a total transaction of $357,560.00.
• On Monday, October 20th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $245.70, for a total transaction of $343,980.00.
• On Monday, October 13th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $239.71, for a total transaction of $335,594.00.
• On Monday, October 6th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $230.08, for a total transaction of $322,112.00.

Guidewire Software Trading Up 1.8%

Shares of Guidewire Software stock opened at $197.46 on Friday. Guidewire Software, Inc. has a 1-year low of $165.08 and a 1-year high of $272.60. The company’s fifty day simple moving average is $222.39 and its 200-day simple moving average is $228.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. The stock has a market capitalization of $16.79 billion, a PE ratio of 188.06, a P/E/G ratio of 12.70 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $316.62 million. During the same period last year, the firm earned $0.43 EPS. Guidewire Software’s revenue for the quarter was up 26.5% compared to the same quarter last year. As a group, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, October 8th. The Goldman Sachs Group upped their price target on shares of Guidewire Software from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Citizens Jmp restated a “market outperform” rating and set a $281.00 price objective on shares of Guidewire Software in a research report on Wednesday, December 10th. Wall Street Zen cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Citigroup increased their price target on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.29.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently bought and sold shares of the stock. Linonia Partnership LP grew its holdings in shares of Guidewire Software by 41.8% in the first quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock valued at $636,333,000 after purchasing an additional 1,000,709 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Guidewire Software by 3,636.9% during the second quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company’s stock valued at $172,224,000 after purchasing an additional 711,893 shares during the last quarter. Groupama Asset Managment grew its stake in shares of Guidewire Software by 240.0% in the 2nd quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock worth $200,132,000 after buying an additional 600,000 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Guidewire Software by 405.1% in the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock worth $126,743,000 after buying an additional 431,725 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Guidewire Software in the 3rd quarter worth about $51,967,000.

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.