Key Points
- CEO Michael George Rosenbaum sold 1,400 shares on Dec. 22 at an average price of $200.72 for $281,008, leaving him with 239,343 shares (a 0.58% reduction); this sale is part of a steady pattern of insider dispositions in Oct–Dec, including a 6,015-share sale on Dec. 16 and multiple 1,400-share tranches.
- Company and market context: Guidewire reported Q results with EPS of $0.66 (in line) and revenue of $332.6M (up 26.5% YoY), yet the stock carries a high P/E (~197); analysts hold a consensus "Moderate Buy" rating with a $271.29 average price target while the share price trades near $207.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $200.72, for a total transaction of $281,008.00. Following the sale, the chief executive officer owned 239,343 shares of the company's stock, valued at approximately $48,040,926.96. The trade was a 0.58% decrease in their ownership of the stock. 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 Tuesday, December 16th, Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock. The shares were sold at an average price of $192.08, for a total value of $1,155,361.20.
- On Monday, December 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.34, for a total value of $286,076.00.
- 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 stock was 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 shares were 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 value of $305,942.00.
- On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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.
Guidewire Software Price Performance
GWRE stock opened at $207.11 on Tuesday. The firm's 50-day moving average price is $220.89 and its two-hundred day moving average price is $227.61. Guidewire Software, Inc. has a 12-month low of $165.08 and a 12-month high of $272.60. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of 197.25, a PEG ratio of 13.09 and a beta of 1.08. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44.
Guidewire Software (NYSE:GWRE - Get Free Report) last posted its 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. The company had revenue of $332.64 million during the quarter, compared to analyst estimates of $316.62 million. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. Guidewire Software's revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. As a group, equities analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. BTIG Research reissued a "buy" rating and set a $250.00 target price on shares of Guidewire Software in a research note on Wednesday, December 17th. Royal Bank Of Canada upped their price objective on shares of Guidewire Software from $290.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. Robert W. Baird raised their target price on shares of Guidewire Software from $270.00 to $288.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Citigroup boosted their price target on shares of Guidewire Software from $242.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, December 5th. Finally, Citizens Jmp restated a "market outperform" rating and issued a $281.00 price objective on shares of Guidewire Software in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus price target of $271.29.
Get Our Latest Stock Report on GWRE
Institutional Investors Weigh In On Guidewire Software
Several hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. purchased a new stake in Guidewire Software in the first quarter worth about $25,000. Quarry LP purchased a new stake in shares of Guidewire Software in the 1st quarter worth approximately $28,000. Root Financial Partners LLC bought a new position in Guidewire Software during the 3rd quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new position in Guidewire Software during the 3rd quarter valued at approximately $29,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Guidewire Software during the second quarter valued at $30,000.
About Guidewire Software
(
Get Free Report)
Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company's offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.
Guidewire's core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.
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