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

Key Points

• CEO Michael Rosenbaum sold 1,200 Guidewire shares at an average price of $145.87, generating $175,044. The transaction occurred under a pre-arranged Rule 10b5-1 plan, leaving him with 230,082 shares.
• Rosenbaum has made a series of identical 1,200-share sales since June, with sale prices ranging from $105.67 to $204.44, indicating ongoing scheduled insider selling.
• Guidewire recently beat quarterly expectations, reporting $0.99 in EPS and $411.09 million in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $216.23 versus the stock’s cited price of $153.04.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the firm's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $145.87, for a total value of $175,044.00. Following the completion of the sale, the chief executive officer directly owned 230,082 shares in the company, valued at approximately $33,562,061.34. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.52, for a total value of $192,624.00.
• On Monday, August 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $204.44, for a total value of $245,328.00.
• On Monday, August 24th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $187.82, for a total value of $225,384.00.
• On Monday, August 17th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $172.88, for a total value of $207,456.00.
• On Monday, August 10th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $169.50, for a total value of $203,400.00.
• On Monday, August 3rd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.92, for a total transaction of $187,104.00.
• On Monday, July 27th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.31, for a total transaction of $170,772.00.
• On Monday, July 13th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.47, for a total transaction of $166,164.00.
• On Monday, July 6th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $131.63, for a total transaction of $157,956.00.
• On Monday, June 22nd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $105.67, for a total transaction of $126,804.00.

Guidewire Software Stock Performance

Shares of NYSE GWRE traded up $12.12 during mid-day trading on Monday, hitting $153.04. The company had a trading volume of 1,686,169 shares, compared to its average volume of 1,598,959. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 2.44. The business's 50-day simple moving average is $162.96 and its 200-day simple moving average is $147.26. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $255.91. The firm has a market cap of $12.74 billion, a P/E ratio of 93.89 and a beta of 0.97.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.06. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%.The firm had revenue of $411.09 million for the quarter, compared to analyst estimates of $402.61 million. During the same period in the previous year, the company posted $0.84 earnings per share. The company's quarterly revenue was up 15.3% compared to the same quarter last year. As a group, analysts predict that Guidewire Software, Inc. will post 2.46 earnings per share for the current fiscal year.

Institutional Trading of Guidewire Software

Several hedge funds have recently modified their holdings of the company. Fiduciary Financial Advisors bought a new stake in Guidewire Software during the 2nd quarter worth approximately $29,000. Leonteq Securities AG acquired a new position in Guidewire Software in the first quarter worth $36,000. Bogart Wealth LLC grew its holdings in shares of Guidewire Software by 127.8% during the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company's stock worth $37,000 after purchasing an additional 138 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Guidewire Software by 83.0% in the fourth quarter. Harbour Investments Inc. now owns 247 shares of the technology company's stock valued at $50,000 after buying an additional 112 shares in the last quarter. Finally, Silvant Capital Management LLC bought a new position in shares of Guidewire Software in the second quarter valued at about $33,000.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GWRE shares. DA Davidson reissued a "buy" rating and issued a $222.00 price target on shares of Guidewire Software in a report on Friday, September 4th. Guggenheim raised their price objective on shares of Guidewire Software from $180.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. Wells Fargo & Company lifted their target price on shares of Guidewire Software from $190.00 to $195.00 and gave the company an "overweight" rating in a research report on Friday, September 4th. Stifel Nicolaus lowered 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. Finally, Zacks Research lowered shares of Guidewire Software from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $216.23.

Guidewire Software Company Profile

Guidewire Software, Inc NYSE: GWRE provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.

The company's principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.

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