Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells 1,200 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of $118.77, for a total transaction of $142,524.00. Following the sale, the chief executive officer directly owned 216,406 shares of the company's stock, valued at $25,702,540.62. The trade was a 0.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

• Guidewire’s Buyback Could Be the Clue the Sell-Off Is Ending

Michael George Rosenbaum also recently made the following trade(s):

• On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $151.14, for a total transaction of $181,368.00.
• On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $155.56, for a total transaction of $186,672.00.
• On Tuesday, March 17th, Michael George Rosenbaum sold 4,737 shares of Guidewire Software stock. The stock was 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 shares were 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 shares were 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 stock was 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 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 shares were sold at an average price of $156.26, for a total transaction of $187,512.00.

Guidewire Software Stock Performance

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NYSE:GWRE opened at $124.13 on Tuesday. The stock has a market cap of $10.51 billion, a P/E ratio of 56.42, a price-to-earnings-growth ratio of 5.09 and a beta of 1.05. The firm's fifty day simple moving average is $142.85 and its 200 day simple moving average is $185.10. Guidewire Software, Inc. has a twelve month low of $115.57 and a twelve month high of $272.60. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.45.

• Down 20%+, These 3 Software Stocks Are Boosting Buybacks

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results 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 business had revenue of $359.10 million for the quarter, compared to analysts' expectations of $342.88 million. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The firm's revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. As a group, research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software announced that its board has authorized a stock repurchase plan on Thursday, January 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Institutional Inflows and Outflows

• AI Is Powering Guidewire Software’s Growth—So What Spooked the Market?

Several hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its stake in shares of Guidewire Software by 59.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 13,709 shares of the technology company's stock worth $2,756,000 after purchasing an additional 5,104 shares during the last quarter. DUTCH ASSET Corp purchased a new position in shares of Guidewire Software in the fourth quarter worth $570,000. Corient Private Wealth LLC raised its stake in shares of Guidewire Software by 36.9% in the fourth quarter. Corient Private Wealth LLC now owns 10,820 shares of the technology company's stock worth $2,177,000 after purchasing an additional 2,915 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Guidewire Software by 471.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 497 shares of the technology company's stock worth $100,000 after purchasing an additional 410 shares during the last quarter. Finally, MidFirst Bank purchased a new position in shares of Guidewire Software in the fourth quarter worth $212,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GWRE shares. DA Davidson restated a "buy" rating and set a $246.00 price target on shares of Guidewire Software in a research report on Tuesday, March 10th. Oppenheimer dropped their price target on Guidewire Software from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 24th. Wells Fargo & Company dropped their price target on Guidewire Software from $250.00 to $210.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 4th. Royal Bank Of Canada dropped their price target on Guidewire Software from $300.00 to $250.00 and set an "outperform" rating on the stock in a research report on Friday, March 6th. Finally, Zacks Research upgraded Guidewire Software from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $249.85.

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.

Further Reading

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