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 business's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $308,910.00. Following the transaction, the chief executive officer owned 233,068 shares in the company, valued at $51,426,454.20. This represents a 0.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, July 7th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $230.70, for a total value of $322,980.00.
• 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 value of $331,646.00.
• On Monday, June 23rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 shares were 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 value of $291,704.00.
• On Monday, April 28th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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 shares were sold at an average price of $189.44, for a total value of $265,216.00.

Guidewire Software Stock Performance

Shares of NYSE GWRE traded up $1.23 during midday trading on Thursday, hitting $221.34. 549,800 shares of the stock traded hands, compared to its average volume of 968,011. The firm has a market capitalization of $18.64 billion, a P/E ratio of 553.34, a PEG ratio of 19.59 and a beta of 1.16. Guidewire Software, Inc. has a one year low of $132.01 and a one year high of $263.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The firm has a 50-day moving average of $228.93 and a two-hundred day moving average of $205.38.

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

Wall Street Analysts Forecast Growth

GWRE has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $290.00 target price on shares of Guidewire Software in a report on Monday, June 23rd. JMP Securities increased their price target on shares of Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded shares of Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.31.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently made changes to their positions in the business. Amundi increased its holdings in Guidewire Software by 32.1% during the fourth quarter. Amundi now owns 18,299 shares of the technology company's stock valued at $3,141,000 after buying an additional 4,445 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Guidewire Software by 5.0% during the 4th quarter. HighTower Advisors LLC now owns 8,756 shares of the technology company's stock valued at $1,476,000 after acquiring an additional 415 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Guidewire Software by 287.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 864 shares of the technology company's stock worth $146,000 after purchasing an additional 641 shares in the last quarter. Swiss National Bank increased its stake in shares of Guidewire Software by 1.1% in the 4th quarter. Swiss National Bank now owns 155,100 shares of the technology company's stock worth $26,147,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in Guidewire Software in the 4th quarter worth $223,000.

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.