Key Points
- CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software on May 18 at an average price of $128.19, worth about $153,828. The trade was made under a pre-arranged Rule 10b5-1 plan, and he now directly owns 210,406 shares.
- Rosenbaum has been actively selling shares in recent weeks, with multiple 1,200-share sales and one larger 4,737-share sale reported from March through May. The repeated transactions suggest a steady insider selling pattern rather than a one-off move.
- Guidewire’s stock was trading up 5.3% to $137.07, but it remains well below its 52-week high of $272.60 and under both its 50-day and 200-day moving averages. The company also recently beat quarterly earnings and revenue expectations, while analysts maintain a Moderate Buy consensus with a $244.46 price target.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the firm's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $128.19, for a total value of $153,828.00. Following the sale, the chief executive officer directly owned 210,406 shares of the company's stock, valued at approximately $26,971,945.14. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 11th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $136.38, for a total value of $163,656.00.
- 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 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 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.
Guidewire Software Trading Up 5.3%
Shares of GWRE opened at $137.07 on Tuesday. The business has a 50-day moving average of $143.67 and a 200 day moving average of $168.19. Guidewire Software, Inc. has a fifty-two week low of $115.57 and a fifty-two week high of $272.60. The firm has a market cap of $11.60 billion, a P/E ratio of 62.30 and a beta of 0.91. 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 announced its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.40. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The company had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. During the same quarter last year, the firm posted $0.51 EPS. The firm's revenue for the quarter was up 24.0% on a year-over-year basis. As a group, research analysts forecast that Guidewire Software, Inc. will post 1.84 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. DA Davidson reissued a "buy" rating and issued a $246.00 price objective on shares of Guidewire Software in a report on Tuesday, March 10th. Oppenheimer decreased their price objective on Guidewire Software from $250.00 to $180.00 and set an "outperform" rating for the company in a report on Monday. Wells Fargo & Company decreased their price objective on Guidewire Software from $250.00 to $210.00 and set an "overweight" rating for the company in a report on Wednesday, February 4th. BTIG Research lifted their price objective on Guidewire Software from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, March 6th. Finally, Royal Bank Of Canada cut their target price on Guidewire Software from $300.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, March 6th. One 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $244.46.
Read Our Latest Analysis on GWRE
Institutional Trading of Guidewire Software
A number of large investors have recently modified their holdings of the business. California State Teachers Retirement System boosted its position in shares of Guidewire Software by 22.5% during the 1st quarter. California State Teachers Retirement System now owns 98,191 shares of the technology company's stock valued at $14,685,000 after acquiring an additional 18,042 shares during the last quarter. Regal Partners Ltd bought a new stake in Guidewire Software in the 1st quarter worth approximately $3,432,000. Empowered Funds LLC lifted its position in Guidewire Software by 239.1% in the 1st quarter. Empowered Funds LLC now owns 7,538 shares of the technology company's stock worth $1,127,000 after buying an additional 5,315 shares during the last quarter. Quantinno Capital Management LP lifted its position in Guidewire Software by 558.0% in the 1st quarter. Quantinno Capital Management LP now owns 469,374 shares of the technology company's stock worth $70,200,000 after buying an additional 398,043 shares during the last quarter. Finally, Castleark Management LLC lifted its position in Guidewire Software by 1.6% in the 1st quarter. Castleark Management LLC now owns 5,180 shares of the technology company's stock worth $775,000 after buying an additional 80 shares during the last quarter.
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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