Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the company's stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $138.09, for a total value of $165,708.00. Following the completion of the sale, the chief executive officer owned 214,006 shares of the company's stock, valued at $29,552,088.54. This trade represents a 0.56% decrease in their ownership of the stock. The transaction 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.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $139.75, for a total value of $167,700.00.
- On Monday, April 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 shares were 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 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 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 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 value 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.
Guidewire Software Price Performance
NYSE GWRE opened at $136.63 on Tuesday. The stock has a market capitalization of $11.57 billion, a P/E ratio of 62.10, a P/E/G ratio of 6.02 and a beta of 1.05. Guidewire Software, Inc. has a 1 year low of $115.57 and a 1 year high of $272.60. The business's fifty day moving average is $144.69 and its two-hundred day moving average is $178.53. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.93 and a current ratio of 2.93.
Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.40. The company had revenue of $359.10 million for 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%.The firm's revenue was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. On average, research analysts forecast that Guidewire Software, Inc. will post 1.84 earnings per share for the current fiscal year.
Guidewire Software announced that its Board of Directors has initiated a stock repurchase plan on Thursday, January 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.
Hedge Funds Weigh In On Guidewire Software
A number of hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in shares of Guidewire Software in the first quarter worth $126,000. Private Advisor Group LLC increased its stake in shares of Guidewire Software by 20.4% in the first quarter. Private Advisor Group LLC now owns 8,527 shares of the technology company's stock worth $1,275,000 after acquiring an additional 1,442 shares during the last quarter. Optas LLC acquired a new position in shares of Guidewire Software in the first quarter worth $264,000. Leonteq Securities AG acquired a new position in shares of Guidewire Software in the first quarter worth $36,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Guidewire Software in the first quarter worth $220,000.
Analysts Set New Price Targets
GWRE has been the topic of several recent analyst reports. Royal Bank Of Canada cut their target price on shares of Guidewire Software from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, March 6th. BTIG Research boosted their target price on shares of Guidewire Software from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, March 6th. Zacks Research raised shares of Guidewire Software from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 13th. DA Davidson reissued a "buy" rating and set a $246.00 target price on shares of Guidewire Software in a research note on Tuesday, March 10th. Finally, Oppenheimer cut their target price on shares of Guidewire Software from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 24th. One investment 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $249.85.
Check Out Our Latest Report on GWRE
About Guidewire Software
(
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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