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

Key Points

• CEO Michael Rosenbaum sold 1,200 Guidewire shares at an average price of $187.19, generating $224,628; the transaction was conducted under a pre-arranged Rule 10b5-1 plan.
• After the sale, Rosenbaum directly owned 273,666 shares valued at approximately $51.2 million. The sale was part of a series of recurring insider sales, including a larger disposal of 72,290 shares in September.
• Guidewire reported quarterly revenue of $411.09 million and EPS of $0.99, beating analyst estimates, while analysts maintained a “Moderate Buy” consensus with an average price target of $216.23.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the firm's stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $187.19, for a total value of $224,628.00. Following the completion of the sale, the chief executive officer directly owned 273,666 shares of the company's stock, valued at $51,227,538.54. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, October 19th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $167.90, for a total value of $201,480.00.
• On Monday, October 12th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $168.97, for a total value of $202,764.00.
• On Monday, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $152.52, for a total value of $183,024.00.
• On Monday, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.65, for a total transaction of $171,180.00.
• On Monday, September 21st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $145.92, for a total transaction of $175,104.00.
• On Thursday, September 17th, Michael Rosenbaum sold 72,290 shares of Guidewire Software stock. The stock was sold at an average price of $144.47, for a total transaction of $10,443,736.30.
• On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $145.87, for a total transaction of $175,044.00.
• On Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 transaction 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 transaction of $225,384.00.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded down $4.81 during trading on Monday, hitting $184.19. 1,028,078 shares of the company's stock traded hands, compared to its average volume of 1,540,812. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79. The firm's fifty day moving average price is $167.65 and its 200 day moving average price is $148.84. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $255.89. The company has a market cap of $15.34 billion, a PE ratio of 113.00 and a beta of 1.02.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The firm had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. During the same quarter in the prior year, the business posted $0.84 earnings per share. The company's quarterly revenue was up 15.3% compared to the same quarter last year. Analysts forecast that Guidewire Software, Inc. will post 2.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Citigroup upped their price objective on shares of Guidewire Software from $137.00 to $181.00 and gave the company a "neutral" rating in a research report on Friday, September 4th. BTIG Research lifted their target price on Guidewire Software from $175.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Citizens Jmp reissued a "market outperform" rating and issued a $220.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. Piper Sandler reissued an "overweight" rating and issued a $210.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. Finally, Guggenheim increased their price target on Guidewire Software from $180.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Guidewire Software presently has an average rating of "Moderate Buy" and an average price target of $216.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bamco Inc. NY acquired a new stake in shares of Guidewire Software during the second quarter worth $1,106,768,000. Linonia Partnership LP acquired a new position in Guidewire Software in the 2nd quarter worth $853,165,000. Route One Investment Company L.P. acquired a new position in Guidewire Software in the 2nd quarter worth $227,564,000. Van ECK Associates Corp bought a new position in Guidewire Software during the 2nd quarter worth about $149,611,000. Finally, Principal Financial Group Inc. increased its holdings in Guidewire Software by 547.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company's stock worth $176,537,000 after purchasing an additional 997,992 shares in the last quarter.

Guidewire Software Company Profile

Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.

The company's principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.

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