Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CEO Sells 1,400 Shares of Stock

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, July 21st. The stock was sold at an average price of $222.31, for a total transaction of $311,234.00. Following the completion of the sale, the chief executive officer owned 231,668 shares in the company, valued at $51,502,113.08. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 transaction 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 transaction of $331,646.00.
• On Monday, June 23rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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 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 transaction 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.

Guidewire Software Price Performance

GWRE stock traded up $0.28 during trading on Wednesday, hitting $223.46. 236,000 shares of the company's stock traded hands, compared to its average volume of 965,354. Guidewire Software, Inc. has a 52 week low of $132.01 and a 52 week high of $263.20. 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 business has a fifty day simple moving average of $229.61 and a 200 day simple moving average of $207.10. The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of 558.73, a P/E/G ratio of 19.73 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million during the quarter, compared to analyst estimates 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 was up 22.0% on a year-over-year basis. During the same quarter last year, the business earned $0.26 EPS. As a group, research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

GWRE has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, June 4th. Royal Bank Of Canada reissued an "outperform" rating and issued a $290.00 price target on shares of Guidewire Software in a report on Monday, June 23rd. Stifel Nicolaus raised their price target on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Robert W. Baird lifted their target price on shares of Guidewire Software from $265.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Oppenheimer lifted their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. One 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $250.92.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its stake in Guidewire Software by 403.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after buying an additional 105 shares during the period. Advisors Asset Management Inc. purchased a new position in Guidewire Software during the 1st quarter valued at about $25,000. Quarry LP purchased a new position in Guidewire Software during the 1st quarter valued at about $28,000. Ossiam purchased a new position in Guidewire Software during the 4th quarter valued at about $29,000. Finally, Rise Advisors LLC purchased a new position in Guidewire Software during the 1st quarter valued at about $31,000.

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.