Key Points
- On April 20, CEO Michael George Rosenbaum sold 1,200 shares of Guidewire (NYSE:GWRE) at an average price of $139.75 for $167,700, leaving him with 215,206 shares (a 0.55% ownership decrease); the sale was executed under a pre-arranged Rule 10b5-1 trading plan.
- The April sale is part of a string of recent insider disposals — multiple 1,200-share transactions between January and April and a larger 4,737-share sale on March 17 — indicating sustained insider selling activity.
- Guidewire recently reported a strong quarter (EPS $1.17 vs. $0.77 estimate; revenue $359.1M, up 24% YoY) and its board authorized a $500 million share buyback program to repurchase up to about 3.1% of outstanding shares.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $139.75, for a total transaction of $167,700.00. Following the completion of the transaction, the chief executive officer directly owned 215,206 shares in the company, valued at $30,075,038.50. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $118.77, for a total value of $142,524.00.
- 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 value of $181,368.00.
- On Monday, March 23rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.56, for a total value 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 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.
Guidewire Software Price Performance
GWRE stock opened at $143.26 on Tuesday. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of 65.12, a P/E/G ratio of 6.05 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.93 and a quick ratio of 2.93. The company has a 50 day simple moving average of $143.71 and a 200 day simple moving average of $181.80. Guidewire Software, Inc. has a 1 year low of $115.57 and a 1 year high of $272.60.
Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.40. The firm 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 company's revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Research analysts anticipate that Guidewire Software, Inc. will post 1.84 EPS for the current fiscal year.
Guidewire Software announced that its Board of Directors has authorized a share repurchase program on Thursday, January 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software during the first quarter worth $25,000. Root Financial Partners LLC bought a new stake in Guidewire Software during the third quarter valued at $29,000. Measured Wealth Private Client Group LLC bought a new stake in Guidewire Software during the third quarter valued at $29,000. Cornerstone Planning Group LLC grew its holdings in Guidewire Software by 620.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company's stock worth $34,000 after acquiring an additional 124 shares during the period. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of Guidewire Software in the 3rd quarter worth about $35,000.
Analyst Upgrades and Downgrades
GWRE has been the subject of several research reports. Oppenheimer dropped their target price on Guidewire Software from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Tuesday, February 24th. Royal Bank Of Canada dropped their price objective on shares of Guidewire Software from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Friday, March 6th. Stifel Nicolaus cut their target price on shares of Guidewire Software from $300.00 to $250.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Guidewire Software in a report on Thursday, January 22nd. Finally, BTIG Research upped their price target on shares of Guidewire Software from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $249.85.
Get Our Latest Stock Analysis 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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