Guidewire Software (NYSE:GWRE) CEO Sells $142,524.00 in Stock

Key Points

• Guidewire CEO Michael George Rosenbaum sold 1,200 shares on April 13 at $118.77 for a total of $142,524 under a pre-arranged Rule 10b5-1 plan and still owns 216,406 shares (a 0.55% reduction in his position).
• The April 13 sale is part of a string of scheduled insider dispositions this year—including a 4,737-share sale on March 17—indicating ongoing, pre-planned liquidity rather than an isolated trade.
• Separately, Guidewire shares were up 5.2% to $124.13 that day after the company topped March-quarter earnings with revenue up 24%, and its board authorized a $500 million buyback; analysts maintain a consensus "Moderate Buy" with an average target near $249.85.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $118.77, for a total transaction of $142,524.00. Following the completion of the transaction, the chief executive officer owned 216,406 shares of the company's stock, valued at $25,702,540.62. This trade represents a 0.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $151.14, for a total transaction of $181,368.00.
• On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.56, for a total transaction of $186,672.00.
• On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The stock was sold at an average price of $163.86, for a total transaction of $776,204.82.
• On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.00, for a total value of $192,000.00.
• On Monday, March 9th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $166.34, for a total value of $199,608.00.
• On Monday, February 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $125.50, for a total value of $150,600.00.
• On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $127.00, for a total value of $152,400.00.
• On Monday, February 2nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $140.01, for a total value of $168,012.00.
• On Monday, January 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.32, for a total value of $192,384.00.
• On Tuesday, January 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $156.26, for a total value of $187,512.00.

Guidewire Software Stock Up 5.2%

Shares of Guidewire Software stock traded up $6.18 on Monday, reaching $124.13. 2,345,518 shares of the company were exchanged, compared to its average volume of 1,693,753. The stock's 50 day moving average price is $143.15 and its 200-day moving average price is $185.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.93 and a quick ratio of 2.93. Guidewire Software, Inc. has a 1-year low of $115.57 and a 1-year high of $272.60. The company has a market cap of $10.51 billion, a P/E ratio of 56.42, a price-to-earnings-growth ratio of 5.09 and a beta of 1.05.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The firm had revenue of $359.10 million for the quarter, compared to analysts' expectations of $342.88 million. During the same quarter last year, the company earned $0.51 earnings per share. The firm's revenue was up 24.0% compared to the same quarter last year. As a group, equities analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software declared that its board has approved a stock repurchase plan on Thursday, January 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GWRE shares. Oppenheimer lowered their price objective on Guidewire Software from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Tuesday, February 24th. BTIG Research boosted their target price on Guidewire Software from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, March 6th. Stifel Nicolaus decreased their target price on Guidewire Software from $300.00 to $250.00 and set a "buy" rating for the company in a research note on Friday, March 6th. DA Davidson reaffirmed a "buy" rating and issued a $246.00 price target on shares of Guidewire Software in a report on Tuesday, March 10th. Finally, Wells Fargo & Company dropped their price target on shares of Guidewire Software from $250.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $249.85.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds have recently made changes to their positions in the company. Capital World Investors acquired a new stake in shares of Guidewire Software in the 4th quarter valued at about $202,405,000. Alliancebernstein L.P. increased its position in 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 period. Stockbridge Partners LLC increased its position in Guidewire Software by 39.0% during the fourth quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company's stock worth $290,501,000 after buying an additional 405,850 shares during the period. M&T Bank Corp lifted its stake in Guidewire Software by 4,507.8% in the fourth quarter. M&T Bank Corp now owns 318,675 shares of the technology company's stock valued at $64,057,000 after buying an additional 311,759 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Guidewire Software by 112.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,859 shares of the technology company's stock valued at $90,036,000 after acquiring an additional 254,142 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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