Guidewire Software (NYSE:GWRE) CEO Sells 1,200 Shares

Key Points

• CEO Michael George Rosenbaum sold 1,200 Guidewire shares at an average price of $169.50, generating $203,400. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and left him with 190,176 shares.
• Guidewire shares rose 1.6% to $173.33, while the company reported quarterly EPS of $0.82 and revenue of $372.54 million, exceeding analyst estimates; revenue increased 26.9% year over year.
• Analysts maintain a broadly positive view, with a “Moderate Buy” consensus and an average price target of $220.21, although several firms recently lowered their targets.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $169.50, for a total transaction of $203,400.00. Following the transaction, the chief executive officer directly owned 190,176 shares of the company's stock, valued at $32,234,832. The trade was a 0.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.92, for a total value of $187,104.00.
• On Monday, July 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $142.31, for a total value of $170,772.00.
• On Monday, July 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.47, for a total value of $166,164.00.
• On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $131.63, for a total value of $157,956.00.
• On Monday, June 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $105.67, for a total value of $126,804.00.
• On Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total value of $692,254.20.
• On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $123.85, for a total value of $148,620.00.
• On Monday, June 8th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $135.62, for a total value of $162,744.00.
• On Monday, June 1st, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $158.92, for a total value of $190,704.00.
• On Tuesday, May 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.51, for a total transaction of $166,212.00.

Guidewire Software Stock Up 1.6%

Shares of GWRE traded up $2.80 during mid-day trading on Monday, hitting $173.33. 1,290,437 shares of the company's stock were exchanged, compared to its average volume of 1,613,718. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 93.69 and a beta of 0.92. The stock's 50-day moving average is $136.70 and its 200-day moving average is $140.20. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $272.60.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. The firm had revenue of $372.54 million for the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm's revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. On average, sell-side analysts anticipate that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GWRE has been the subject of several recent research reports. DA Davidson decreased their price objective on Guidewire Software from $246.00 to $222.00 and set a "buy" rating for the company in a research note on Monday, June 8th. Stifel Nicolaus cut their target price on shares of Guidewire Software from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, June 5th. Oppenheimer reduced their target price on shares of Guidewire Software from $250.00 to $180.00 and set an "outperform" rating on the stock in a report on Monday, May 18th. The Goldman Sachs Group decreased their price target on shares of Guidewire Software from $255.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, June 5th. Finally, Zacks Research downgraded shares of Guidewire Software from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Guidewire Software presently has an average rating of "Moderate Buy" and an average price target of $220.21.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital World Investors purchased a new stake in shares of Guidewire Software in the fourth quarter valued at about $202,405,000. Principal Financial Group Inc. grew its holdings in shares of Guidewire Software by 547.3% during the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company's stock worth $176,537,000 after buying an additional 997,992 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Guidewire Software by 405.1% during the second quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company's stock worth $126,743,000 after buying an additional 431,725 shares during the last quarter. Stockbridge Partners LLC increased its position in Guidewire Software by 39.0% in the 4th quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company's stock valued at $290,501,000 after acquiring an additional 405,850 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Guidewire Software by 179.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 628,759 shares of the technology company's stock valued at $94,037,000 after acquiring an additional 403,370 shares during the period.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company's offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire's core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.

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