Key Points
- CEO Michael George Rosenbaum sold 1,200 shares on March 16 at an average price of $160 for $192,000, leaving him with 225,943 shares (worth about $36.15M) and trimming his stake by 0.53%.
- Rosenbaum has been regularly selling since December, disposing of roughly 12,400 shares across ten transactions for about $2.03 million in proceeds.
- Guidewire beat quarterly estimates (EPS $1.17 vs $0.77; revenue $359.1M, +24% YoY) and its board authorized a $500 million share repurchase (≈3.1% of shares), while analysts maintain a "Moderate Buy" consensus with a $249.85 average price target.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the firm's stock in a transaction on Monday, March 16th. The shares were sold at an average price of $160.00, for a total transaction of $192,000.00. Following the completion of the transaction, the chief executive officer owned 225,943 shares in the company, valued at $36,150,880. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, March 9th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $166.34, for a total transaction of $199,608.00.
- On Monday, February 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $125.50, for a total transaction of $150,600.00.
- On Tuesday, February 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 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 value 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 shares were sold at an average price of $200.72, for a total value of $281,008.00.
Guidewire Software Stock Performance
Shares of NYSE GWRE opened at $163.13 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 market cap of $13.81 billion, a P/E ratio of 74.15, a P/E/G ratio of 7.33 and a beta of 1.06. The business's 50 day moving average is $149.78 and its two-hundred day moving average is $198.05. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.45.
Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.40. The company had revenue of $359.10 million during the quarter, compared to analysts' expectations of $342.88 million. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.Guidewire Software's revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. On average, equities analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.
Guidewire Software announced that its Board of Directors has authorized a share repurchase plan on Thursday, January 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.
Institutional Investors Weigh In On Guidewire Software
Several institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in Guidewire Software by 57.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 51,694 shares of the technology company's stock valued at $11,735,000 after acquiring an additional 18,774 shares during the period. Scalar Gauge Management LLC bought a new position in Guidewire Software during the third quarter worth about $5,287,000. American Century Companies Inc. boosted its holdings in Guidewire Software by 3.4% during the third quarter. American Century Companies Inc. now owns 520,390 shares of the technology company's stock valued at $119,617,000 after purchasing an additional 17,104 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in Guidewire Software by 901.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 9,110 shares of the technology company's stock valued at $2,094,000 after purchasing an additional 8,200 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Guidewire Software in the 3rd quarter valued at approximately $51,967,000.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. DA Davidson restated a "buy" rating and set a $246.00 price objective on shares of Guidewire Software in a report on Tuesday, March 10th. Oppenheimer reduced their target price on shares of Guidewire Software from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Tuesday, February 24th. Stifel Nicolaus decreased their target price on Guidewire Software from $300.00 to $250.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. BTIG Research boosted their price target on Guidewire Software from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, March 6th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Guidewire Software in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $249.85.
View Our Latest Stock Report on Guidewire Software
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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