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

Key Points

• CEO Michael Rosenbaum sold 1,200 Guidewire shares for $192,624 at an average price of $160.52 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 0.64% to 185,376 shares.
• Guidewire shares fell 7.8% to $149.72 during Tuesday trading, despite the company exceeding quarterly earnings and revenue estimates. Revenue rose 15.3% year over year to $411.09 million.
• Analysts maintain a generally positive view, with 12 Buy ratings and four Holds; the stock has a “Moderate Buy” consensus rating 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 firm's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $160.52, for a total value of $192,624.00. Following the completion of the sale, the chief executive officer owned 185,376 shares of the company's stock, valued at approximately $29,756,555.52. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 stock was 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 transaction 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 transaction of $187,104.00.
• On Monday, July 27th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 stock was 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 value of $126,804.00.
• On Tuesday, June 16th, Michael Rosenbaum sold 5,830 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total value of $692,254.20.

Guidewire Software Trading Down 7.8%

Shares of NYSE GWRE traded down $12.70 during midday trading on Tuesday, hitting $149.72. The company's stock had a trading volume of 2,840,624 shares, compared to its average volume of 1,595,028. The company has a current ratio of 1.79, a quick ratio of 2.44 and a debt-to-equity ratio of 0.57. The business's 50 day moving average is $161.89 and its two-hundred day moving average is $146.79. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $262.93. The firm has a market cap of $12.47 billion, a P/E ratio of 91.85 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, topping 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 firm had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. During the same period last year, the company earned $0.84 EPS. Guidewire Software's quarterly revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts expect that Guidewire Software, Inc. will post 2.15 EPS for the current year.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new stake in Guidewire Software in the third quarter worth about $29,000. Advisors Asset Management Inc. bought a new stake in shares of Guidewire Software in the 1st quarter valued at about $25,000. Fiduciary Financial Advisors bought a new stake in shares of Guidewire Software in the 2nd quarter valued at about $29,000. Leonteq Securities AG purchased a new stake in shares of Guidewire Software in the 1st quarter worth approximately $36,000. Finally, Bogart Wealth LLC lifted its position in shares of 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GWRE shares. Citigroup upped their price target on shares of Guidewire Software from $137.00 to $181.00 and gave the stock a "neutral" rating in a report on Friday. Robert W. Baird lifted their price objective on shares of Guidewire Software from $202.00 to $235.00 and gave the company an "outperform" rating in a report on Monday, August 31st. Zacks Research cut shares of Guidewire Software from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. JPMorgan Chase & Co. dropped their target price on shares of 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, Guggenheim raised their target price on shares of Guidewire Software from $180.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Guidewire Software presently has an average rating of "Moderate Buy" and an average target price of $216.23.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company's offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire's core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.

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