Key Points
- CEO Michael George Rosenbaum sold 6,015 shares on December 16 at an average price of $192.08 for $1,155,361.20, leaving him with 240,743 shares (a 2.44% reduction in his position).
- The December sale is part of a sustained pattern of insider selling, with Rosenbaum executing multiple monthly dispositions (generally ~1,400 shares each) from October through mid-December.
- Guidewire recently reported quarterly revenue of $332.64 million (up 26.5% year‑over‑year) and EPS of $0.66 in line with estimates; the stock trades with a high P/E (~188) and a 52‑week range of $165.08–$272.60.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CAO David Franklin Peterson sold 358 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total value of $68,764.64. Following the sale, the chief accounting officer owned 12,806 shares of the company's stock, valued at approximately $2,459,776.48. This represents a 2.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
David Franklin Peterson also recently made the following trade(s):
- On Thursday, September 18th, David Franklin Peterson sold 1,000 shares of Guidewire Software stock. The stock was sold at an average price of $249.86, for a total value of $249,860.00.
Guidewire Software Stock Up 1.9%
NYSE:GWRE traded up $3.61 during mid-day trading on Thursday, hitting $197.54. 89,288 shares of the company's stock traded hands, compared to its average volume of 916,218. The company has a fifty day moving average of $223.17 and a 200 day moving average of $228.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. Guidewire Software, Inc. has a twelve month low of $165.08 and a twelve month high of $272.60. The company has a market capitalization of $16.79 billion, a P/E ratio of 187.84, a P/E/G ratio of 12.68 and a beta of 1.08.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share 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 business had revenue of $332.64 million for the quarter, compared to analyst estimates of $316.62 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The company's revenue was up 26.5% on a year-over-year basis. On average, analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.
Institutional Investors Weigh In On Guidewire Software
Hedge funds have recently added to or reduced their stakes in the business. Linonia Partnership LP lifted its position in Guidewire Software by 41.8% during the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company's stock worth $636,333,000 after acquiring an additional 1,000,709 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of Guidewire Software in the second quarter valued at $1,100,000. Fox Run Management L.L.C. acquired a new position in Guidewire Software in the 2nd quarter worth $954,000. Panagora Asset Management Inc. boosted its position in Guidewire Software by 47.9% in the 1st quarter. Panagora Asset Management Inc. now owns 112,931 shares of the technology company's stock valued at $21,159,000 after buying an additional 36,568 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Guidewire Software during the second quarter valued at about $3,295,000.
Analyst Ratings Changes
GWRE has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Guidewire Software from $270.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Citigroup boosted their price objective on shares of Guidewire Software from $242.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, December 5th. Raymond James Financial reissued an "outperform" rating and issued a $275.00 target price (up from $255.00) on shares of Guidewire Software in a research report on Friday, September 5th. Wall Street Zen cut Guidewire Software from a "buy" rating to a "hold" rating in a research report on Friday, November 28th. Finally, Wells Fargo & Company increased their price objective on Guidewire Software from $265.00 to $275.00 and gave the company an "overweight" rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $271.29.
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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.
Further Reading
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