Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the company's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $125.50, for a total transaction of $150,600.00. Following the sale, the chief executive officer directly owned 229,543 shares in the company, valued at $28,807,646.50. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Michael George Rosenbaum also recently made the following trade(s):
- On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $127.00, for a total transaction of $152,400.00.
- On Monday, February 2nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $140.01, for a total transaction of $168,012.00.
- On Monday, January 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 value of $187,512.00.
- On Tuesday, January 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 value of $286,930.00.
- On Monday, December 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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 stock was 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 transaction of $295,218.00.
Guidewire Software Price Performance
NYSE:GWRE opened at $122.00 on Tuesday. The company has a market cap of $10.37 billion, a P/E ratio of 116.19, a P/E/G ratio of 8.23 and a beta of 1.06. The firm's fifty day moving average price is $164.23 and its two-hundred day moving average price is $204.71. Guidewire Software, Inc. has a one year low of $120.37 and a one year high of $272.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The business had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. During the same quarter in the previous year, the firm posted $0.43 EPS. Guidewire Software's revenue was up 26.5% compared to the same quarter last year. Equities analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.
Guidewire Software announced that its Board of Directors has initiated a share repurchase program on Thursday, January 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. acquired a new stake in Guidewire Software during the first quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software during the 2nd quarter worth approximately $58,000. Forum Financial Management LP boosted its position in shares of Guidewire Software by 7.1% during the 2nd quarter. Forum Financial Management LP now owns 1,562 shares of the technology company's stock worth $368,000 after acquiring an additional 104 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Guidewire Software in the second quarter valued at approximately $42,000. Finally, Focus Partners Advisor Solutions LLC raised its position in Guidewire Software by 223.1% during the second quarter. Focus Partners Advisor Solutions LLC now owns 4,074 shares of the technology company's stock valued at $959,000 after purchasing an additional 2,813 shares in the last quarter.
Analysts Set New Price Targets
Several analysts recently weighed in on GWRE shares. Zacks Research cut Guidewire Software from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 2nd. Citigroup increased their price objective on Guidewire Software from $242.00 to $245.00 and gave the stock a "neutral" rating in a research report on Friday, December 5th. Wall Street Zen cut shares of Guidewire Software from a "buy" rating to a "hold" rating in a research report on Friday, November 28th. DA Davidson upgraded shares of Guidewire Software from a "neutral" rating to a "buy" rating and upped their price target for the company from $246.00 to $250.00 in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company dropped their price objective 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. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $259.77.
Get Our Latest Stock Analysis on GWRE
Guidewire Software Company Profile
(
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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