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 dated Monday, July 14th. The shares were sold at an average price of $220.65, for a total value of $308,910.00. Following the transaction, the chief executive officer directly owned 233,068 shares of the company's stock, valued at $51,426,454.20. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $230.70, for a total transaction 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 transaction 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 value 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 value of $359,100.00.
• On Tuesday, May 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 stock was 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 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 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 Price Performance

NYSE:GWRE traded down $1.20 during mid-day trading on Tuesday, hitting $220.98. The company's stock had a trading volume of 614,980 shares, compared to its average volume of 969,020. The company has a market capitalization of $18.61 billion, a price-to-earnings ratio of 552.45, a P/E/G ratio of 19.52 and a beta of 1.16. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. Guidewire Software, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $263.20. The stock has a fifty day moving average of $228.37 and a 200-day moving average of $204.81.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly 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. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The business had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. During the same quarter in the previous year, the firm earned $0.26 EPS. Guidewire Software's quarterly revenue was up 22.0% on a year-over-year basis. As a group, equities analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on GWRE shares. JMP Securities boosted their price objective on shares of Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research note on Wednesday, June 4th. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. Raymond James Financial increased their target price on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Oppenheimer lifted their price target on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Guidewire Software has an average rating of "Moderate Buy" and a consensus target price of $248.31.

Institutional Investors Weigh In On Guidewire Software

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its stake in shares of Guidewire Software by 403.8% in the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock valued at $25,000 after buying an additional 105 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Guidewire Software during the first quarter worth approximately $25,000. Quarry LP acquired a new position in Guidewire Software in the first quarter valued at approximately $28,000. Ossiam bought a new position in shares of Guidewire Software in the 4th quarter worth $29,000. Finally, Rise Advisors LLC acquired a new position in shares of Guidewire Software during the 1st quarter worth about $31,000.

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.

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