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

Key Points

• Michael George Rosenbaum, CEO of Guidewire Software, sold 1,400 shares of the company's stock on September 2nd for a total of $300,020, reducing his ownership by 0.62% and leaving him with 223,268 shares valued at approximately $47.85 million.
• Guidewire reported a 22% year-over-year increase in revenue for the last quarter, with earnings per share of $0.88, surpassing analysts' expectations of $0.47.
• Analysts have raised their price targets for Guidewire, with projections now ranging from $225 to $288, reflecting a positive sentiment towards the company's future performance.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $214.30, for a total transaction of $300,020.00. Following the sale, the chief executive officer owned 223,268 shares of the company's stock, valued at approximately $47,846,332.40. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, August 25th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $214.70, for a total transaction of $300,580.00.
• On Monday, August 18th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $211.61, for a total transaction of $296,254.00.
• On Monday, August 11th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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 stock was 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 stock was 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 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 stock was sold at an average price of $238.12, for a total transaction of $333,368.00.

Guidewire Software Trading Up 0.2%

Guidewire Software stock traded up $0.41 during mid-day trading on Tuesday, reaching $217.43. 644,945 shares of the company traded hands, compared to its average volume of 559,156. 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 firm's 50 day moving average price is $221.71 and its 200 day moving average price is $211.63. The firm has a market capitalization of $18.31 billion, a price-to-earnings ratio of 543.58, a P/E/G ratio of 15.30 and a beta of 1.22. Guidewire Software, Inc. has a 52-week low of $142.94 and a 52-week high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results 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 net margin of 3.04% and a return on equity of 6.96%. The firm had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. During the same quarter in the previous year, the business posted $0.26 EPS. The company's quarterly revenue was up 22.0% on a year-over-year basis. On average, analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Guidewire Software

A number of institutional investors and hedge funds have recently made changes to their positions in GWRE. Orion Porfolio Solutions LLC grew its position in shares of Guidewire Software by 12.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 27,751 shares of the technology company's stock worth $6,534,000 after buying an additional 3,119 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Guidewire Software in the second quarter valued at approximately $30,000. Advisory Services Network LLC raised its holdings in Guidewire Software by 7.7% in the second quarter. Advisory Services Network LLC now owns 1,760 shares of the technology company's stock valued at $398,000 after acquiring an additional 126 shares in the last quarter. Goodman Advisory Group LLC purchased a new position in Guidewire Software in the 2nd quarter valued at $91,000. Finally, FORA Capital LLC purchased a new stake in shares of Guidewire Software during the 2nd quarter worth $2,361,000.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Raymond James Financial increased their price objective on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. JMP Securities upped their target price 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. Citigroup upped their target price on shares of Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $258.08.

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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