Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $311,234.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $222.31, for a total transaction of $311,234.00. Following the transaction, the chief executive officer directly owned 231,668 shares of the company's stock, valued at $51,502,113.08. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, July 14th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $220.65, for a total transaction 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 transaction of $333,368.00.
• On Monday, June 9th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 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 shares were 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 shares were sold at an average price of $198.22, for a total value of $277,508.00.

Guidewire Software Trading Up 0.3%

Shares of NYSE GWRE traded up $0.63 during midday trading on Monday, hitting $222.47. The company's stock had a trading volume of 698,551 shares, compared to its average volume of 969,063. Guidewire Software, Inc. has a 12-month low of $132.01 and a 12-month high of $263.20. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. The firm has a market cap of $18.73 billion, a P/E ratio of 556.16, a price-to-earnings-growth ratio of 19.67 and a beta of 1.16. The business's 50 day moving average is $229.25 and its two-hundred day moving average is $206.63.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted 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. The firm had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The business's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. As a group, equities research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. raised its holdings in Guidewire Software by 403.8% in the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after purchasing an additional 105 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Guidewire Software during the 1st quarter valued at $25,000. Quarry LP acquired a new stake in shares of Guidewire Software in the 1st quarter worth $28,000. Rise Advisors LLC purchased a new position in Guidewire Software during the 1st quarter worth $31,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after buying an additional 70 shares during the last quarter.

Analysts Set New Price Targets

GWRE has been the topic of a number of research analyst reports. Bank of America boosted their price target on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, June 4th. DA Davidson reissued a "neutral" rating and issued a $226.00 target price on shares of Guidewire Software in a report on Wednesday, June 4th. Citigroup lifted their price target on shares of Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Raymond James Financial increased their price objective on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group lifted their target price on Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Guidewire Software presently has a consensus rating of "Moderate Buy" and an average price target of $250.92.

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.

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