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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $138.09, for a total value of $165,708.00. Following the completion of the transaction, the chief executive officer owned 214,006 shares of the company’s stock, valued at approximately $29,552,088.54. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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, 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.
• On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $151.14, for a total value of $181,368.00.
• On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.56, for a total value of $186,672.00.
• On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The shares were sold at an average price of $163.86, for a total value of $776,204.82.
• On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.00, for a total value of $192,000.00.
• On Monday, March 9th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $166.34, for a total value of $199,608.00.
• On Monday, February 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $125.50, for a total value of $150,600.00.
• On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $127.00, for a total value of $152,400.00.
• On Monday, February 2nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $140.01, for a total value of $168,012.00.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $136.63 on Tuesday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $144.69 and a two-hundred day moving average of $178.53. Guidewire Software, Inc. has a 52 week low of $115.57 and a 52 week high of $272.60. The company has a market cap of $11.57 billion, a P/E ratio of 62.10, a PEG ratio of 6.02 and a beta of 1.05.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.40. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The business had revenue of $359.10 million during the quarter, compared to the consensus estimate of $342.88 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was up 24.0% on a year-over-year basis. As a group, analysts anticipate that Guidewire Software, Inc. will post 1.84 EPS for the current year.

Guidewire Software declared that its Board of Directors has initiated a share repurchase program on Thursday, January 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GWRE. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. Zacks Research raised Guidewire Software from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. Wells Fargo & Company decreased their price objective on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. DA Davidson reissued a “buy” rating and issued a $246.00 price objective on shares of Guidewire Software in a report on Tuesday, March 10th. Finally, Royal Bank Of Canada decreased their price objective on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $249.85.

Institutional Investors Weigh In On Guidewire Software

A number of institutional investors have recently added to or reduced their stakes in GWRE. Advisors Asset Management Inc. acquired a new stake in Guidewire Software in the first quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in Guidewire Software in the third quarter worth approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Guidewire Software in the third quarter worth approximately $29,000. Cornerstone Planning Group LLC lifted its position in Guidewire Software by 620.0% in the third quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock worth $34,000 after purchasing an additional 124 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new stake in Guidewire Software in the third quarter worth approximately $35,000.

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.