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 company'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 value of $311,234.00. Following the sale, the chief executive officer owned 231,668 shares in the company, valued at $51,502,113.08. The trade was a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 shares were 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 stock was 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 value 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 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 value 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 value of $277,508.00.

Guidewire Software Stock Up 0.1%

GWRE traded up $0.33 on Thursday, reaching $224.06. 578,031 shares of the company traded hands, compared to its average volume of 718,133. The stock's 50 day moving average price is $230.00 and its 200-day moving average price is $207.59. Guidewire Software, Inc. has a 52-week low of $132.01 and a 52-week high of $263.20. The company has a market cap of $18.86 billion, a price-to-earnings ratio of 560.16, a PEG ratio of 19.84 and a beta of 1.16. 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 announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The firm had revenue of $293.51 million for the quarter, compared to the consensus estimate of $286.40 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The firm's revenue was up 22.0% on a year-over-year basis. On average, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC lifted its stake in shares of Guidewire Software by 5.0% in the 4th quarter. HighTower Advisors LLC now owns 8,756 shares of the technology company's stock valued at $1,476,000 after purchasing an additional 415 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in Guidewire Software during the fourth quarter valued at about $223,000. Envestnet Portfolio Solutions Inc. raised its holdings in Guidewire Software by 7.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,071 shares of the technology company's stock valued at $1,192,000 after buying an additional 495 shares in the last quarter. Xponance Inc. raised its holdings in Guidewire Software by 11.7% during the fourth quarter. Xponance Inc. now owns 7,759 shares of the technology company's stock valued at $1,308,000 after buying an additional 813 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Guidewire Software by 53.5% during the fourth quarter. Teacher Retirement System of Texas now owns 37,801 shares of the technology company's stock valued at $6,372,000 after buying an additional 13,172 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America increased their price objective on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, June 4th. JMP Securities increased their price target on Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reissued an "outperform" rating and set a $290.00 price objective on shares of Guidewire Software in a research note on Monday, June 23rd. Raymond James Financial raised their price objective on Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus raised their price objective on Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" 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. According to MarketBeat, Guidewire Software presently has a consensus rating of "Moderate Buy" and an average price target of $250.92.

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.