Key Points
- CEO sale: Michael George Rosenbaum sold 1,200 shares on Feb. 17 at $127 each for $152,400, leaving him with 230,743 shares (about $29.3M) and reducing his stake by 0.52%.
- The Feb. 17 sale is part of a string of recent insider disposals dating back to December (including several 1,200-share trades and a 6,015-share sale on Dec. 16), indicating consistent insider selling activity.
- Company fundamentals: Guidewire reported Q results of $0.66 EPS (in line) and $332.6M revenue (+26.5% YoY), and its Board approved a $500 million share repurchase program (up to ~3.1% of outstanding shares).
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $127.00, for a total value of $152,400.00. Following the sale, the chief executive officer directly owned 230,743 shares in the company, valued at approximately $29,304,361. The trade was a 0.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, February 2nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $140.01, for a total value of $168,012.00.
- On Monday, January 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.32, for a total transaction of $192,384.00.
- On Tuesday, January 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $156.26, for a total transaction of $187,512.00.
- On Tuesday, January 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $180.87, for a total value of $217,044.00.
- On Monday, December 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $204.95, for a total transaction of $286,930.00.
- On Monday, December 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $200.72, for a total value of $281,008.00.
- 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 stock was sold at an average price of $204.34, for a total transaction 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 transaction 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.
Guidewire Software Stock Down 3.8%
Shares of Guidewire Software stock opened at $122.24 on Wednesday. Guidewire Software, Inc. has a 12-month low of $120.37 and a 12-month high of $272.60. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $170.17 and a two-hundred day moving average price of $207.42. The stock has a market capitalization of $10.39 billion, a P/E ratio of 116.42, a PEG ratio of 8.19 and a beta of 1.06.
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 (EPS) for the quarter, meeting the consensus estimate of $0.66. The company had revenue of $332.64 million for the quarter, compared to the consensus estimate of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The firm's revenue was up 26.5% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Equities analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.
Guidewire Software declared that its Board of Directors has approved a share repurchase plan on Thursday, January 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
GWRE has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on shares of Guidewire Software from $250.00 to $210.00 and set an "overweight" rating for the company in a research note on Wednesday, February 4th. Citizens Jmp restated a "market outperform" rating and set a $281.00 target price on shares of Guidewire Software in a research report on Wednesday, December 10th. Wall Street Zen lowered Guidewire Software from a "buy" rating to a "hold" rating in a research note on Friday, November 28th. Zacks Research lowered Guidewire Software from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 2nd. Finally, DA Davidson upgraded shares of Guidewire Software from a "neutral" rating to a "buy" rating and boosted their target price for the company from $246.00 to $250.00 in a research note on Wednesday, December 17th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $265.54.
Read Our Latest Research Report on Guidewire Software
Institutional Trading of Guidewire Software
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software during the 1st quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in Guidewire Software during the 3rd quarter worth $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Guidewire Software during the 3rd quarter worth $29,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Guidewire Software during the 2nd quarter valued at $30,000. Finally, Westside Investment Management Inc. acquired a new position in shares of Guidewire Software in the 2nd quarter valued at $32,000.
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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