Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $297,416.00 in Stock

Key Points

• Guidewire Software CEO Michael Rosenbaum sold 1,400 shares for $297,416 on August 11, 2023, reducing his ownership to 227,468 shares, valued at approximately $48.3 million.
• On the same day, Guidewire Software's stock price fell by 2.0%, closing at $209.03, amidst a total trading volume of 691,551 shares.
• The company reported a 22% year-over-year revenue increase for its last quarter, achieving $293.51 million against analyst expectations of $286.40 million.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $212.44, for a total transaction of $297,416.00. Following the sale, the chief executive officer directly owned 227,468 shares of the company's stock, valued at $48,323,301.92. This represents a 0.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, August 4th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $225.04, for a total transaction of $315,056.00.
• On Monday, July 28th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $223.75, for a total transaction of $313,250.00.
• On Monday, July 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $222.31, for a total value of $311,234.00.
• On Monday, July 14th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $220.65, for a total value of $308,910.00.
• On Monday, July 7th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $230.70, for a total value of $322,980.00.
• On Monday, June 30th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $236.89, for a total value of $331,646.00.
• 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 value 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 transaction of $359,100.00.
• On Tuesday, May 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $212.02, for a total transaction of $296,828.00.
• On Monday, May 19th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $215.25, for a total transaction of $301,350.00.

Guidewire Software Stock Down 2.0%

Shares of NYSE:GWRE traded down $4.24 on Monday, hitting $209.03. 691,551 shares of the company's stock were exchanged, compared to its average volume of 982,023. Guidewire Software, Inc. has a 1-year low of $142.94 and a 1-year high of $263.20. The company has a market capitalization of $17.60 billion, a PE ratio of 522.58, a P/E/G ratio of 15.04 and a beta of 1.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The firm's 50-day moving average is $232.54 and its 200 day moving average is $211.52.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company 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 company posted $0.26 EPS. Guidewire Software's revenue was up 22.0% compared to the same quarter last year. Sell-side analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on GWRE. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $290.00 price objective on shares of Guidewire Software in a research report on Monday, June 23rd. DA Davidson restated a "neutral" rating and set a $226.00 price objective on shares of Guidewire Software in a research note on Wednesday, June 4th. JMP Securities upped their target price on Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research report on Wednesday, June 4th. Citigroup upped their target price on Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Finally, Oppenheimer increased their price objective on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $250.92.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently modified their holdings of the company. ANB Bank boosted its holdings in Guidewire Software by 3.5% in the first quarter. ANB Bank now owns 1,590 shares of the technology company's stock valued at $298,000 after acquiring an additional 54 shares during the last quarter. Brooklyn Investment Group raised its stake in Guidewire Software by 38.3% during the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock valued at $42,000 after buying an additional 62 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Guidewire Software by 40.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 238 shares of the technology company's stock valued at $56,000 after buying an additional 68 shares in the last quarter. Poinciana Advisors Group LLC grew its holdings in shares of Guidewire Software by 5.9% during the second quarter. Poinciana Advisors Group LLC now owns 1,247 shares of the technology company's stock valued at $294,000 after purchasing an additional 70 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Guidewire Software by 4.1% during the second quarter. Sequoia Financial Advisors LLC now owns 1,835 shares of the technology company's stock valued at $432,000 after purchasing an additional 73 shares during the last quarter.

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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