Michael George Rosenbaum Sells 1,400 Shares of Guidewire Software, Inc. (NYSE:GWRE) Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $230.70, for a total transaction of $322,980.00. Following the transaction, the chief executive officer directly owned 234,468 shares in the company, valued at $54,091,767.60. The trade was a 0.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, June 30th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $236.89, for a total transaction of $331,646.00.
• On Monday, June 23rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $238.12, for a total transaction of $333,368.00.
• 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 transaction 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 transaction of $296,828.00.
• On Monday, May 19th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $215.25, for a total transaction of $301,350.00.
• On Monday, May 5th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $208.36, for a total transaction 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 transaction of $277,508.00.
• On Monday, April 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $189.44, for a total transaction of $265,216.00.
• On Monday, April 14th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $194.90, for a total transaction of $272,860.00.

Guidewire Software Price Performance

NYSE:GWRE traded down $3.19 during trading hours on Tuesday, reaching $230.40. 953,049 shares of the company's stock were exchanged, compared to its average volume of 966,754. The company has a market capitalization of $19.40 billion, a P/E ratio of 576.00, a price-to-earnings-growth ratio of 20.43 and a beta of 1.16. Guidewire Software, Inc. has a 12 month low of $132.01 and a 12 month high of $263.20. 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 business's 50-day simple moving average is $226.72 and its two-hundred day simple moving average is $203.35.

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

Analyst Ratings Changes

Several equities research analysts have commented on GWRE shares. Raymond James Financial raised their price target on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. JMP Securities raised their price target on shares of Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research note on Wednesday, June 4th. Wall Street Zen upgraded shares of Guidewire Software from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Royal Bank Of Canada reiterated an "outperform" rating and set a $290.00 price objective on shares of Guidewire Software in a research note on Monday, June 23rd. Finally, Stifel Nicolaus raised their price objective on shares of Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Guidewire Software currently has an average rating of "Moderate Buy" and a consensus target price of $248.31.

Hedge Funds Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GWRE. ANB Bank boosted its stake in shares of Guidewire Software by 3.5% during the 1st quarter. ANB Bank now owns 1,590 shares of the technology company's stock valued at $298,000 after buying an additional 54 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Guidewire Software by 10.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock valued at $100,000 after buying an additional 56 shares during the period. Brooklyn Investment Group boosted its stake in shares of Guidewire Software by 38.3% during the 1st quarter. Brooklyn Investment Group now owns 224 shares of the technology company's stock valued at $42,000 after buying an additional 62 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after buying an additional 70 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Guidewire Software by 16.4% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the technology company's stock valued at $107,000 after buying an additional 80 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.