Key Points
- CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock on May 26 at an average price of $138.51, totaling $166,212. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Guidewire reported strong quarterly results, with EPS of $1.17 beating estimates by $0.40 and revenue of $359.1 million surpassing expectations. Revenue rose 24% year over year.
- Analysts remain broadly positive on the stock despite some target cuts, with a consensus rating of Moderate Buy and an average price target of $244.46. Several firms still have buy or outperform ratings on Guidewire.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $138.51, for a total transaction of $166,212.00. Following the completion of the transaction, the chief executive officer directly owned 209,206 shares of the company's stock, valued at $28,977,123.06. The trade was a 0.57% decrease in their ownership of the stock. The sale was disclosed in a 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 18th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $128.19, for a total transaction of $153,828.00.
- On Monday, May 11th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $136.38, for a total transaction of $163,656.00.
- On Monday, May 4th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $141.91, for a total transaction of $170,292.00.
- On Monday, April 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.09, for a total transaction of $165,708.00.
- On Monday, April 20th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $139.75, for a total transaction of $167,700.00.
- 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 transaction of $142,524.00.
- On Monday, April 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 stock was 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 transaction 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 transaction of $192,000.00.
Guidewire Software Price Performance
GWRE stock opened at $137.55 on Wednesday. Guidewire Software, Inc. has a 12 month low of $115.57 and a 12 month high of $272.60. 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 company has a 50-day moving average price of $141.00 and a 200 day moving average price of $164.33. The stock has a market cap of $11.64 billion, a PE ratio of 62.52 and a beta of 0.91.
Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The firm had revenue of $359.10 million during the quarter, compared to analysts' expectations of $342.88 million. During the same period in the previous year, the company earned $0.51 EPS. The firm's revenue for the quarter was up 24.0% compared to the same quarter last year. Equities research analysts anticipate that Guidewire Software, Inc. will post 1.84 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. BTIG Research lifted their price target on shares of Guidewire Software from $175.00 to $200.00 and gave the stock 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. Stifel Nicolaus dropped their price target on shares of Guidewire Software from $300.00 to $250.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Oppenheimer dropped their price target on shares of Guidewire Software from $250.00 to $180.00 and set an "outperform" rating for the company in a research note on Monday, May 18th. Finally, Royal Bank Of Canada dropped their price target on shares of 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 investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $244.46.
View Our Latest Analysis on Guidewire Software
Institutional Investors Weigh In On Guidewire Software
Several large investors have recently added to or reduced their stakes in GWRE. Advisors Asset Management Inc. purchased a new stake in Guidewire Software in the 1st quarter valued at about $25,000. Root Financial Partners LLC purchased a new stake in Guidewire Software in the 3rd quarter valued at about $29,000. Measured Wealth Private Client Group LLC purchased a new stake in Guidewire Software in the 3rd quarter valued at about $29,000. Cornerstone Planning Group LLC boosted its position in Guidewire Software by 620.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company's stock valued at $34,000 after buying an additional 124 shares during the period. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Guidewire Software in the 3rd quarter valued at about $35,000.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
