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

Key Points

• Guidewire CEO Michael Rosenbaum sold 1,200 shares for approximately $202,764 at an average price of $168.97, reducing his ownership by 0.43%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Rosenbaum has made multiple recent sales, including a much larger transaction of 72,290 shares worth about $10.4 million on September 17, alongside several recurring 1,200-share sales.
• Guidewire recently beat quarterly expectations, reporting $0.99 in EPS and $411.09 million in revenue, up 15.3% year over year. Analysts maintained a generally positive view, with a “Moderate Buy” consensus and an average price target of $216.23.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $168.97, for a total value of $202,764.00. Following the transaction, the chief executive officer owned 276,066 shares in the company, valued at $46,646,872.02. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $152.52, for a total transaction 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 shares were 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 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 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.
• 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 value 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 transaction of $203,400.00.

Guidewire Software Trading Down 1.7%

Shares of GWRE stock opened at $164.45 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57. The firm has a market cap of $13.69 billion, a P/E ratio of 100.89 and a beta of 1.02. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $255.89. The company has a 50 day moving average of $166.48 and a 200-day moving average of $147.06.

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

Institutional Trading of Guidewire Software

Several hedge funds and other institutional investors have recently bought and sold shares of GWRE. Bamco Inc. NY bought a new position in shares of Guidewire Software in the second quarter worth approximately $1,106,768,000. Linonia Partnership LP purchased a new stake in shares of Guidewire Software during the second quarter worth about $853,165,000. Route One Investment Company L.P. bought a new stake in shares of Guidewire Software in the second quarter worth about $227,564,000. Van ECK Associates Corp bought a new stake in shares of Guidewire Software in the second 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 valued at $176,537,000 after purchasing an additional 997,992 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. DA Davidson reiterated a "buy" rating and issued a $222.00 price objective on shares of Guidewire Software in a report on Friday, October 2nd. Citizens Jmp reaffirmed a "market outperform" rating and issued a $220.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. BTIG Research increased their price target on shares of Guidewire Software from $175.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Wells Fargo & Company increased their price target 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Guidewire Software in a research note on Monday, August 31st. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Guidewire Software presently has an average rating of "Moderate Buy" and an average price target of $216.23.

About Guidewire Software

Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.

The company's principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.

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