Guidewire Software (NYSE:GWRE) CEO Michael George Rosenbaum Sells 1,400 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $204.95, for a total transaction of $286,930.00. Following the completion of the transaction, the chief executive officer directly owned 237,943 shares in the company, valued at approximately $48,766,417.85. This represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $200.72, for a total transaction of $281,008.00.
• On Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The stock was sold at an average price of $192.08, for a total transaction of $1,155,361.20.
• 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 stock was 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 shares were 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 value 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.

Guidewire Software Trading Down 0.9%

GWRE opened at $203.68 on Tuesday. The company has a market cap of $17.32 billion, a P/E ratio of 193.98, a PEG ratio of 13.46 and a beta of 1.08. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $216.98 and its 200-day moving average is $225.92. Guidewire Software, Inc. has a 1-year low of $165.08 and a 1-year high of $272.60.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The business had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The firm’s revenue was up 26.5% compared to the same quarter last year. Equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Trading of Guidewire Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GWRE. Assenagon Asset Management S.A. grew its holdings in Guidewire Software by 12.8% during the third quarter. Assenagon Asset Management S.A. now owns 150,957 shares of the technology company’s stock worth $34,699,000 after buying an additional 17,151 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Guidewire Software during the 2nd quarter worth $954,000. Lecap Asset Management Ltd. bought a new stake in shares of Guidewire Software in the 2nd quarter worth $1,100,000. Panagora Asset Management Inc. raised its holdings in shares of Guidewire Software by 47.9% in the first quarter. Panagora Asset Management Inc. now owns 112,931 shares of the technology company’s stock valued at $21,159,000 after purchasing an additional 36,568 shares during the last quarter. Finally, Versor Investments LP bought a new position in shares of Guidewire Software during the second quarter valued at about $3,295,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on GWRE. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on Guidewire Software from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Royal Bank Of Canada upped their price objective on Guidewire Software from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Oppenheimer raised their price objective on shares of Guidewire Software from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Finally, Robert W. Baird boosted their target price on shares of Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.29.

About Guidewire Software

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.