Key Points
- Guidewire CEO Michael George Rosenbaum sold 1,400 shares on December 15 at an average price of $204.34 for $286,076, part of a string of regular 1,400-share sales dating back to September 29.
- The sale trimmed his stake by 0.56%; he still owns 246,758 shares worth roughly $50.4 million after the transaction.
- Guidewire posted quarterly revenue of $332.64 million (up 26.5% year-over-year) with $0.66 EPS, and analysts maintain a consensus rating of Moderate Buy with an average price target of $272.92.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.34, for a total value of $286,076.00. Following the completion of the sale, the chief executive officer owned 246,758 shares in the company, valued at approximately $50,422,529.72. This represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, December 8th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $210.87, for a total value of $295,218.00.
- On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $213.44, for a total value of $298,816.00.
- On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $222.54, for a total value of $311,556.00.
- On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $218.53, for a total transaction of $305,942.00.
- On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $231.85, for a total transaction of $324,590.00.
- On Monday, October 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $255.40, for a total transaction of $357,560.00.
- On Monday, October 20th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $245.70, for a total transaction of $343,980.00.
- On Monday, October 13th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $239.71, for a total transaction of $335,594.00.
- On Monday, October 6th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $230.08, for a total value of $322,112.00.
- On Monday, September 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $232.25, for a total value of $325,150.00.
Guidewire Software Stock Performance
NYSE GWRE opened at $194.14 on Tuesday. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.44. Guidewire Software, Inc. has a fifty-two week low of $165.08 and a fifty-two week high of $272.60. The business has a fifty day moving average of $224.56 and a 200-day moving average of $228.77. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of 184.90, a price-to-earnings-growth ratio of 13.43 and a beta of 1.08.
Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, hitting analysts' consensus estimates of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The firm had revenue of $332.64 million during the quarter, compared to analysts' expectations of $316.62 million. During the same quarter last year, the business posted $0.43 EPS. The firm's quarterly revenue was up 26.5% compared to the same quarter last year. As a group, analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Guidewire Software
A number of institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of Guidewire Software by 56.0% in the 3rd quarter. Allworth Financial LP now owns 1,137 shares of the technology company's stock worth $261,000 after purchasing an additional 408 shares during the period. IFP Advisors Inc increased its position in Guidewire Software by 4.6% during the 3rd quarter. IFP Advisors Inc now owns 1,104 shares of the technology company's stock worth $254,000 after purchasing an additional 49 shares in the last quarter. Swiss Life Asset Management Ltd raised its holdings in Guidewire Software by 78.9% in the third quarter. Swiss Life Asset Management Ltd now owns 3,700 shares of the technology company's stock valued at $850,000 after buying an additional 1,632 shares during the period. Cambria Investment Management L.P. acquired a new position in Guidewire Software during the third quarter valued at approximately $265,000. Finally, CIBC Private Wealth Group LLC lifted its position in Guidewire Software by 5.4% during the third quarter. CIBC Private Wealth Group LLC now owns 189,033 shares of the technology company's stock valued at $43,451,000 after buying an additional 9,747 shares in the last quarter.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on GWRE. Stifel Nicolaus boosted their price objective on shares of Guidewire Software from $270.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Guidewire Software in a report on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on Guidewire Software from $290.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. Zacks Research downgraded Guidewire Software from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 2nd. Finally, DA Davidson restated a "neutral" rating and issued a $250.00 price target on shares of Guidewire Software in a report on Monday, December 1st. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Guidewire Software has an average rating of "Moderate Buy" and a consensus price target of $272.92.
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Guidewire Software Company Profile
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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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