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

Key Points

• Michael George Rosenbaum, CEO of Guidewire Software, sold 1,400 shares at an average price of $211.61, totaling approximately $296,254, reducing his stake to 226,068 shares worth about $47.8 million.
• Guidewire Software reported a 22% year-over-year revenue growth in its recent quarterly earnings, with an earnings per share (EPS) of $0.88, exceeding analysts' expectations.
• Analysts maintain a moderate buy consensus on Guidewire Software, with several upgrading their price targets, including Citigroup raising theirs to $247 and Royal Bank of Canada to $290.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $211.61, for a total transaction of $296,254.00. Following the sale, the chief executive officer owned 226,068 shares of the company's stock, valued at approximately $47,838,249.48. The trade was a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, August 11th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $212.44, for a total transaction of $297,416.00.
• On Monday, August 4th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $225.04, for a total transaction of $315,056.00.
• On Monday, July 28th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $223.75, for a total transaction 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 transaction of $311,234.00.
• On Monday, July 14th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $220.65, for a total transaction of $308,910.00.
• 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 transaction of $322,980.00.
• On Monday, June 30th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 stock was sold at an average price of $212.02, for a total value of $296,828.00.

Guidewire Software Price Performance

GWRE stock traded up $3.44 during trading on Monday, hitting $214.87. The stock had a trading volume of 579,372 shares, compared to its average volume of 602,245. The stock has a market capitalization of $18.09 billion, a P/E ratio of 537.16, a PEG ratio of 14.91 and a beta of 1.16. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The company's 50-day moving average price is $228.66 and its two-hundred day moving average price is $211.63. Guidewire Software, Inc. has a twelve month low of $142.94 and a twelve month high of $263.20.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Citigroup lifted their price target on Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Royal Bank Of Canada reiterated an "outperform" rating and set a $290.00 price objective on shares of Guidewire Software in a report on Monday, June 23rd. The Goldman Sachs Group increased their price objective on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Oppenheimer upped their price objective on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Guidewire Software has a consensus rating of "Moderate Buy" and an average target price of $250.92.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds have recently made changes to their positions in GWRE. Goodman Advisory Group LLC bought a new position in Guidewire Software during the 2nd quarter valued at about $91,000. FORA Capital LLC acquired a new stake in Guidewire Software in the 2nd quarter worth about $2,361,000. Evergreen Capital Management LLC boosted its stake in shares of Guidewire Software by 13.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,954 shares of the technology company's stock valued at $460,000 after purchasing an additional 226 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Guidewire Software by 35.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,355 shares of the technology company's stock worth $554,000 after acquiring an additional 621 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Guidewire Software by 6.0% during the second quarter. Corient Private Wealth LLC now owns 8,394 shares of the technology company's stock worth $1,976,000 after buying an additional 472 shares during the last quarter.

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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