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

Key Points

• CEO Michael Rosenbaum sold 1,200 Guidewire shares at an average price of $145.92, generating $175,104. The sale was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, leaving him with 279,666 shares.
• Rosenbaum has made multiple recent sales, including 72,290 shares worth approximately $10.44 million on September 17, alongside a series of recurring 1,200-share transactions since July.
• Guidewire reported quarterly EPS of $0.99 and revenue of $411.09 million, exceeding analyst expectations, while revenue increased 15.3% year over year. Analysts maintain a consensus “Moderate Buy” rating 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, September 21st. The shares were sold at an average price of $145.92, for a total value of $175,104.00. Following the completion of the transaction, the chief executive officer owned 279,666 shares in the company, valued at $40,808,862.72. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 value of $10,443,736.30.
• On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $145.87, for a total value of $175,044.00.
• 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 transaction of $192,624.00.
• On Monday, August 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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.
• On Monday, August 17th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $172.88, for a total transaction of $207,456.00.
• On Monday, August 10th, Michael 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 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 Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.31, for a total value of $170,772.00.
• On Monday, July 13th, Michael 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.

Guidewire Software Stock Performance

GWRE stock traded up $5.10 during midday trading on Monday, hitting $149.39. The company's stock had a trading volume of 990,880 shares, compared to its average volume of 1,595,100. The stock's 50-day moving average price is $164.08 and its 200 day moving average price is $147.50. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57. Guidewire Software, Inc. has a 1 year low of $102.30 and a 1 year high of $255.89. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 91.65 and a beta of 0.97.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its 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. The firm had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%.The business's revenue was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.84 EPS. On average, equities analysts forecast that Guidewire Software, Inc. will post 2.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Zacks Research lowered shares of Guidewire Software from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Robert W. Baird raised their price target on shares of Guidewire Software from $202.00 to $235.00 and gave the stock an "outperform" rating in a research note on Monday, August 31st. Wells Fargo & Company lifted their price target on shares of Guidewire Software from $190.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, September 4th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Friday, September 4th. Finally, Citigroup increased their price objective on Guidewire Software from $137.00 to $181.00 and gave the company a "neutral" rating in a report on Friday, September 4th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $216.23.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GWRE. Fiduciary Financial Advisors bought a new position in shares of Guidewire Software in the 2nd quarter worth $29,000. Leonteq Securities AG bought a new position in shares of Guidewire Software during the 1st quarter valued at $36,000. Bogart Wealth LLC raised its position in Guidewire Software by 127.8% in the 1st 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 period. Harbour Investments Inc. raised its position in Guidewire Software by 83.0% in the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company's stock worth $50,000 after purchasing an additional 112 shares during the period. Finally, Silvant Capital Management LLC bought a new stake in Guidewire Software in the second quarter worth $33,000.

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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