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

Key Points

• Guidewire CEO Michael Rosenbaum sold 1,200 shares at an average price of $160.16, generating $192,192. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct holdings by 0.44% to 272,466 shares.
• Rosenbaum has made multiple recent sales, including weekly 1,200-share transactions and a much larger sale of 72,290 shares in September.
• Guidewire reported quarterly revenue of $411.09 million and EPS of $0.99, both ahead of analyst expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $216.23, versus a recent share price of $162.25.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $160.16, for a total transaction of $192,192.00. Following the completion of the sale, the chief executive officer directly owned 272,466 shares in the company, valued at approximately $43,638,154.56. The trade was a 0.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 26th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $187.19, for a total transaction of $224,628.00.
• On Monday, October 19th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $167.90, for a total transaction of $201,480.00.
• On Monday, October 12th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $168.97, for a total transaction of $202,764.00.
• 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 value of $183,024.00.
• On Monday, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $142.65, for a total value 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 value of $175,104.00.
• On Thursday, September 17th, Michael Rosenbaum sold 72,290 shares of Guidewire Software stock. The shares were 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 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 value of $245,328.00.

Guidewire Software Price Performance

GWRE stock traded down $0.34 on Monday, reaching $162.25. 1,004,884 shares of the company's stock were exchanged, compared to its average volume of 1,532,249. The stock has a fifty day moving average of $167.01 and a 200-day moving average of $149.34. The firm has a market cap of $13.41 billion, a PE ratio of 99.54 and a beta of 1.01. 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 twelve month low of $102.30 and a twelve month high of $231.85.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results 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 return on equity of 12.66% and a net margin of 9.44%. The company had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. During the same quarter last year, the company earned $0.84 earnings per share. Guidewire Software's quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities analysts predict that Guidewire Software, Inc. will post 2.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Piper Sandler restated an "overweight" rating and set a $210.00 target price on shares of Guidewire Software in a research report on Friday, September 4th. Guggenheim increased their target price on shares of Guidewire Software from $180.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, August 27th. Citizens Jmp reiterated a "market outperform" rating and set a $220.00 price target on shares of Guidewire Software in a research report on Friday, September 4th. JPMorgan Chase & Co. decreased their price target on Guidewire Software from $300.00 to $258.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 14th. Finally, Citigroup upped their price target on Guidewire Software from $137.00 to $181.00 and gave the stock a "neutral" rating in a report on Friday, September 4th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Guidewire Software presently has an average rating of "Moderate Buy" and a consensus target price of $216.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bamco Inc. NY purchased a new position in Guidewire Software during the 2nd quarter valued at about $1,106,768,000. Linonia Partnership LP purchased a new stake in shares of Guidewire Software in the second quarter valued at about $853,165,000. Route One Investment Company L.P. purchased a new stake in shares of Guidewire Software in the second quarter valued at about $227,564,000. Van ECK Associates Corp purchased a new stake in shares of Guidewire Software in the second quarter valued at about $149,611,000. Finally, Principal Financial Group Inc. grew its position in shares of Guidewire Software by 547.3% in the first 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 last quarter.

About Guidewire Software

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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