Key Points
- Guidewire Software CEO Michael George Rosenbaum sold 1,200 shares on Monday, May 11 at an average price of $136.38, totaling about $163,656. The sale was made under a pre-arranged Rule 10b5-1 plan.
- The transaction left Rosenbaum with 211,606 shares valued at roughly $28.9 million, and it represented a 0.56% decrease in his ownership. The article also notes he has been selling shares repeatedly in recent weeks.
- Guidewire reported a strong quarter, with EPS of $1.17 versus the $0.77 estimate and revenue of $359.1 million, up 24% year over year. Analysts remain generally positive, with a Moderate Buy consensus and an average price target of $249.85.
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, May 11th. The shares were sold at an average price of $136.38, for a total value of $163,656.00. Following the completion of the transaction, the chief executive officer owned 211,606 shares of the company's stock, valued at approximately $28,858,826.28. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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, May 4th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $141.91, for a total value of $170,292.00.
- On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.09, for a total value of $165,708.00.
- 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.
Guidewire Software Stock Performance
GWRE opened at $131.43 on Wednesday. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.45. The business's 50 day moving average is $145.67 and its 200-day moving average is $171.65. The stock has a market cap of $11.13 billion, a PE ratio of 59.74 and a beta of 0.91. Guidewire Software, Inc. has a twelve month low of $115.57 and a twelve month high of $272.60.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.40. The business had revenue of $359.10 million during the quarter, compared to the consensus estimate of $342.88 million. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The business's revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, analysts predict that Guidewire Software, Inc. will post 1.84 earnings per share for the current year.
Analyst Upgrades and Downgrades
GWRE has been the subject of several analyst reports. BTIG Research boosted their price objective on Guidewire Software from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, March 6th. Royal Bank Of Canada reduced their price objective on Guidewire Software from $300.00 to $250.00 and set an "outperform" rating for the company in a research report on Friday, March 6th. Stifel Nicolaus reduced their price objective on Guidewire Software from $300.00 to $250.00 and set a "buy" rating for the company in a research report on Friday, March 6th. Zacks Research upgraded Guidewire Software from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 13th. Finally, Oppenheimer reduced their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $249.85.
View Our Latest Stock Report on Guidewire Software
Institutional Investors Weigh In On Guidewire Software
Institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position 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 worth $11,735,000 after purchasing an additional 18,774 shares during the period. Scalar Gauge Management LLC acquired a new stake in Guidewire Software in the third quarter worth approximately $5,287,000. Dynamic Technology Lab Private Ltd lifted its position in Guidewire Software by 901.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 9,110 shares of the technology company's stock worth $2,094,000 after purchasing an additional 8,200 shares during the period. BDF Gestion acquired a new stake in Guidewire Software in the fourth quarter worth approximately $1,803,000. Finally, American Century Companies Inc. lifted its position in Guidewire Software by 3.4% in the third quarter. American Century Companies Inc. now owns 520,390 shares of the technology company's stock worth $119,617,000 after purchasing an additional 17,104 shares during the period.
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.
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