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

Key Points

• Guidewire Software CEO Michael George Rosenbaum sold 1,400 shares of the company's stock for $313,250, decreasing his total shareholdings by 0.60% to 230,268 shares valued at approximately $51.5 million.
• Shares of Guidewire Software increased by 1.6%, reaching $226.94, with a trading volume of nearly 648,000 shares, compared to an average volume of just over 1 million.
• Analysts have mixed ratings for Guidewire, with a consensus rating of "Moderate Buy" and a price target around $250.92, indicating potential for growth despite some skepticism about the stock's valuation.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $223.75, for a total transaction of $313,250.00. Following the completion of the sale, the chief executive officer directly owned 230,268 shares in the company, valued at $51,522,465. 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 can be accessed through this link.

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

• 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 transaction of $311,234.00.
• 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 shares were 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 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 shares were 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.
• 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.

Guidewire Software Price Performance

NYSE GWRE traded down $3.03 on Friday, reaching $223.19. The company's stock had a trading volume of 79,613 shares, compared to its average volume of 995,218. Guidewire Software, Inc. has a twelve month low of $132.01 and a twelve month 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 stock has a market cap of $18.79 billion, a PE ratio of 556.84, a PEG ratio of 20.01 and a beta of 1.16. The firm's 50 day moving average is $231.23 and its two-hundred day moving average is $209.47.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted 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 company had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The business's quarterly revenue was up 22.0% on a year-over-year basis. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GWRE shares. DA Davidson restated a "neutral" rating and set a $226.00 price target on shares of Guidewire Software in a research report on Wednesday, June 4th. Wells Fargo & Company upped their price target on shares of Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a research 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 stock a "buy" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada restated an "outperform" rating and set a $290.00 price target on shares of Guidewire Software in a research report on Monday, June 23rd. Finally, JMP Securities upped their price target on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $250.92.

Institutional Trading of Guidewire Software

A number of hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its holdings in shares of Guidewire Software by 403.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock valued at $25,000 after purchasing an additional 105 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software in the 1st quarter valued at about $25,000. Quarry LP acquired a new position in shares of Guidewire Software in the 1st quarter valued at about $28,000. Rise Advisors LLC acquired a new position in shares of Guidewire Software in the 1st quarter valued at about $31,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after purchasing an additional 70 shares during the period.

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.