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

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $236.89, for a total value of $331,646.00. Following the sale, the chief executive officer owned 235,868 shares of the company's stock, valued at approximately $55,874,770.52. This trade represents a 0.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, June 23rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $238.12, for a total transaction of $333,368.00.
• On Monday, June 9th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $256.50, for a total value of $359,100.00.
• On Tuesday, May 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $212.02, for a total value of $296,828.00.
• On Monday, May 19th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $215.25, for a total value of $301,350.00.
• On Monday, May 5th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $208.36, for a total transaction of $291,704.00.
• On Monday, April 28th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $198.22, for a total transaction of $277,508.00.
• On Monday, April 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $189.44, for a total transaction of $265,216.00.
• On Monday, April 14th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $194.90, for a total transaction of $272,860.00.
• On Monday, April 7th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $167.82, for a total value of $234,948.00.

Guidewire Software Stock Down 0.2%

NYSE GWRE traded down $0.57 during trading hours on Monday, reaching $234.83. 768,550 shares of the company's stock traded hands, compared to its average volume of 961,297. Guidewire Software, Inc. has a 52-week low of $132.01 and a 52-week high of $263.20. The firm has a 50-day simple moving average of $222.25 and a 200 day simple moving average of $200.92. The firm has a market cap of $19.77 billion, a PE ratio of 587.08, a PEG ratio of 20.71 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The firm had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. During the same period in the previous year, the firm posted $0.26 EPS. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. Sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. increased its holdings in shares of Guidewire Software by 403.8% during the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock valued at $25,000 after acquiring an additional 105 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in Guidewire Software during the 1st quarter valued at about $25,000. Quarry LP bought a new stake in Guidewire Software during the 1st quarter valued at about $28,000. Ossiam purchased a new position in Guidewire Software in the fourth quarter worth about $29,000. Finally, Rise Advisors LLC bought a new position in shares of Guidewire Software in the first quarter worth approximately $31,000.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several analyst reports. JMP Securities increased their target price on Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a report on Wednesday, June 4th. Oppenheimer raised their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Stifel Nicolaus upped their price target on shares of Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Bank of America increased their price target on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, June 4th. Finally, Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $248.31.

About Guidewire Software

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.

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