Key Points
- CEO sold 1,200 shares on March 23 at an average price of $155.56 for $186,672, leaving Michael George Rosenbaum with 220,006 shares (a ~0.54% reduction in his stake).
- Rosenbaum has repeatedly sold shares since late December — roughly $2.7 million across multiple transactions (including a 4,737-share sale on March 17) — indicating sustained insider selling activity.
- By contrast, Guidewire recently beat quarterly EPS and revenue estimates (EPS $1.17 vs. $0.77; revenue $359.1M, +24% YoY) and announced a $500 million buyback program, while analysts maintain a consensus target near $249.85.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $155.56, for a total value of $186,672.00. Following the transaction, the chief executive officer directly owned 220,006 shares of the company's stock, valued at $34,224,133.36. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Michael George Rosenbaum also recently made the following trade(s):
- On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The shares were sold at an average price of $163.86, for a total value of $776,204.82.
- On Monday, March 16th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.00, for a total value of $192,000.00.
- 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 value of $199,608.00.
- On Monday, February 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $125.50, for a total value 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 stock was 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 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 shares were sold at an average price of $180.87, for a total transaction 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.
Guidewire Software Stock Performance
Shares of GWRE opened at $149.28 on Thursday. The company has a market cap of $12.64 billion, a PE ratio of 67.85, a price-to-earnings-growth ratio of 6.83 and a beta of 1.06. The firm has a 50-day moving average of $146.65 and a 200-day moving average of $195.23. 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 0.45, a current ratio of 2.93 and a quick ratio of 2.93.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The company had revenue of $359.10 million for the quarter, compared to analysts' expectations of $342.88 million. During the same period in the prior year, the firm earned $0.51 EPS. Guidewire Software's quarterly revenue was up 24.0% compared to the same quarter last year. As a group, equities analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.
Guidewire Software announced that its board has initiated a stock repurchase plan on Thursday, January 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.
Hedge Funds Weigh In On Guidewire Software
Several institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc raised its stake in Guidewire Software by 4.6% in the 3rd quarter. IFP Advisors Inc now owns 1,104 shares of the technology company's stock worth $254,000 after purchasing an additional 49 shares in the last quarter. Earned Wealth Advisors LLC boosted its holdings in Guidewire Software by 5.4% in the 3rd quarter. Earned Wealth Advisors LLC now owns 989 shares of the technology company's stock valued at $227,000 after purchasing an additional 51 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Guidewire Software by 9.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company's stock worth $145,000 after purchasing an additional 53 shares in the last quarter. PDS Planning Inc grew its position in shares of Guidewire Software by 6.4% during the 3rd quarter. PDS Planning Inc now owns 911 shares of the technology company's stock worth $209,000 after purchasing an additional 55 shares in the last quarter. Finally, American Trust increased its holdings in shares of Guidewire Software by 3.9% during the third quarter. American Trust now owns 1,632 shares of the technology company's stock worth $375,000 after purchasing an additional 61 shares during the period.
Analyst Ratings Changes
A number of equities analysts have commented on GWRE shares. Stifel Nicolaus reduced their price objective on shares of Guidewire Software from $300.00 to $250.00 and set a "buy" rating for the company in a research report on Friday, March 6th. Wells Fargo & Company dropped their price objective on shares of Guidewire Software from $250.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 4th. 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 report on Tuesday, February 24th. Weiss Ratings reiterated a "hold (c)" rating on shares of Guidewire Software in a research note on Thursday, January 22nd. Finally, BTIG Research increased their price target on shares of Guidewire Software from $175.00 to $200.00 and gave the company a "buy" rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $249.85.
Check Out Our Latest Report 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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