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

Key Points

• CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software at an average price of $225.04, totaling $315,056, reducing his ownership by 0.61% to 228,868 shares.
• Guidewire Software has reported a 22.0% increase in revenue to $293.51 million, with an earnings per share (EPS) of $0.88, surpassing analysts' expectations.
• Several analysts have upgraded their price targets for Guidewire Software, with a consensus target price of $250.92 and a majority rating it as a "Moderate Buy".

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $225.04, for a total value of $315,056.00. Following the sale, the chief executive officer directly owned 228,868 shares of the company's stock, valued at $51,504,454.72. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, July 28th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $223.75, for a total value of $313,250.00.
• On Monday, July 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $222.31, for a total value of $311,234.00.
• On Monday, July 14th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $220.65, for a total value of $308,910.00.
• 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 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 stock was 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 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 stock was sold at an average price of $215.25, for a total value of $301,350.00.

Guidewire Software Trading Up 1.4%

Shares of NYSE GWRE traded up $3.21 during midday trading on Monday, reaching $226.09. The company had a trading volume of 568,199 shares, compared to its average volume of 995,565. Guidewire Software, Inc. has a one year low of $132.01 and a one year 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 firm's fifty day moving average price is $231.49 and its 200-day moving average price is $210.28. The stock has a market cap of $19.03 billion, a PE ratio of 565.23, a price-to-earnings-growth ratio of 15.71 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (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 for the quarter, compared to the consensus estimate of $286.40 million. During the same quarter in the previous year, the business earned $0.26 EPS. Guidewire Software's revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. boosted its position in Guidewire Software by 403.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock valued at $25,000 after acquiring an additional 105 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Guidewire Software during the 1st quarter valued at approximately $25,000. Quarry LP purchased a new stake in shares of Guidewire Software in the 1st quarter worth approximately $28,000. Ossiam bought a new position in Guidewire Software during the 4th quarter valued at approximately $29,000. Finally, Rise Advisors LLC bought a new position in Guidewire Software during the 1st quarter valued at approximately $31,000.

Analysts Set New Price Targets

Several research firms recently issued reports on GWRE. Royal Bank Of Canada reissued an "outperform" rating and set a $290.00 price objective on shares of Guidewire Software in a research note on Monday, June 23rd. Raymond James Financial lifted their price objective on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Stifel Nicolaus lifted their price objective on Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Oppenheimer raised their price target on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company raised their price target on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. One research 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $250.92.

About Guidewire Software

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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