Guidewire Software (NYSE:GWRE) CEO Sells $207,456.00 in Stock

Key Points

• Guidewire CEO Michael George Rosenbaum sold 1,200 shares at an average price of $172.88, generating $207,456. The Rule 10b5-1 transaction reduced his direct holdings by 0.63% to 188,976 shares.
• Rosenbaum has made a series of stock sales since June, including multiple 1,200-share transactions, while Guidewire shares traded down 2.3% to $171.56.
• Guidewire reported quarterly earnings and revenue above analyst expectations, with revenue up 26.9% year over year. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $221.64.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $172.88, for a total value of $207,456.00. Following the completion of the sale, the chief executive officer directly owned 188,976 shares of the company's stock, valued at approximately $32,670,170.88. This trade represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 10th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $169.50, for a total value of $203,400.00.
• On Monday, August 3rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 transaction 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 transaction 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 stock was sold at an average price of $105.67, for a total transaction 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 shares were 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 stock was sold at an average price of $135.62, for a total transaction of $162,744.00.
• On Monday, June 1st, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $158.92, for a total transaction of $190,704.00.

Guidewire Software Trading Down 2.3%

GWRE stock traded down $4.03 during trading on Monday, hitting $171.56. 1,036,966 shares of the company traded hands, compared to its average volume of 1,596,603. The firm has a market capitalization of $14.28 billion, a PE ratio of 92.74 and a beta of 0.92. Guidewire Software, Inc. has a 1 year low of $102.30 and a 1 year high of $272.60. The company has a 50-day moving average of $138.77 and a 200-day moving average of $140.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $372.54 million during 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 company's quarterly revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 earnings per share. Analysts predict that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on GWRE. Oppenheimer increased their price target on shares of Guidewire Software from $180.00 to $200.00 and gave the stock an "outperform" rating in a research note on Monday. Stifel Nicolaus reduced their price target on Guidewire Software from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, June 5th. Piper Sandler started coverage on Guidewire Software in a research report on Monday, August 10th. They set an "overweight" rating and a $210.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on shares of Guidewire Software from $300.00 to $258.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. Finally, BTIG Research reiterated a "buy" rating and issued a $175.00 price target on shares of Guidewire Software in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.64.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY bought a new position in shares of Guidewire Software during the second quarter valued at $1,106,768,000. Linonia Partnership LP bought a new position in Guidewire Software in the 2nd quarter worth about $853,165,000. Route One Investment Company L.P. purchased a new stake in Guidewire Software during the 2nd quarter valued at about $227,564,000. Geode Capital Management LLC increased its stake in Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company's stock valued at $357,504,000 after purchasing an additional 145,924 shares in the last quarter. Finally, Stockbridge Partners LLC increased its stake in Guidewire Software by 39.0% during the 4th quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company's stock valued at $290,501,000 after purchasing an additional 405,850 shares in the last quarter.

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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