Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CEO Sells 1,400 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $238.12, for a total value of $333,368.00. Following the sale, the chief executive officer now owns 237,268 shares in the company, valued at $56,498,256.16. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, June 9th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $256.50, for a total value of $359,100.00.
• On Tuesday, May 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $212.02, for a total value of $296,828.00.
• On Monday, May 19th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $215.25, for a total value of $301,350.00.
• On Monday, May 5th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $208.36, for a total value of $291,704.00.
• On Monday, April 28th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $198.22, for a total value of $277,508.00.
• On Monday, April 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $189.44, for a total value of $265,216.00.
• On Monday, April 14th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $194.90, for a total value of $272,860.00.
• On Monday, April 7th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $167.82, for a total value of $234,948.00.
• On Monday, March 31st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $184.41, for a total value of $258,174.00.

Guidewire Software Stock Performance

NYSE:GWRE traded up $0.56 during trading hours on Monday, reaching $238.31. 1,042,367 shares of the stock were exchanged, compared to its average volume of 954,222. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. The firm has a 50 day simple moving average of $218.75 and a 200-day simple moving average of $199.14. Guidewire Software, Inc. has a 52 week low of $132.01 and a 52 week high of $263.20. The stock has a market capitalization of $20.06 billion, a P/E ratio of 595.78, a P/E/G ratio of 23.35 and a beta of 1.15.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.47 by $0.41. The company had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The business's revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America lifted their target price on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 4th. Robert W. Baird lifted their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $290.00 target price on shares of Guidewire Software in a research report on Monday. Wall Street Zen raised Guidewire Software from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $231.00 to $271.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and a consensus price target of $247.00.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently made changes to their positions in the stock. ANB Bank boosted its position in shares of Guidewire Software by 3.5% during the first quarter. ANB Bank now owns 1,590 shares of the technology company's stock worth $298,000 after buying an additional 54 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Guidewire Software by 10.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock worth $100,000 after buying an additional 56 shares during the period. Norden Group LLC boosted its position in shares of Guidewire Software by 5.2% during the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock worth $208,000 after buying an additional 61 shares during the period. Brooklyn Investment Group boosted its position in shares of Guidewire Software by 38.3% during the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock worth $42,000 after buying an additional 62 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after buying an additional 70 shares during the period.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.

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