Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $135.62, for a total value of $162,744.00. Following the transaction, the chief executive officer directly owned 206,806 shares in the company, valued at approximately $28,047,029.72. This represents a 0.58% decrease in their position. The transaction was disclosed in a legal filing 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, June 1st, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $158.92, for a total value of $190,704.00.
- On Tuesday, May 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $138.51, for a total value of $166,212.00.
- 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 value 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 value 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 value 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 value 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 value 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 value 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 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.
Guidewire Software Stock Down 6.5%
Shares of Guidewire Software stock opened at $127.24 on Tuesday. The company has a current ratio of 2.44, a quick ratio of 2.93 and a debt-to-equity ratio of 0.51. The business's 50 day simple moving average is $139.59 and its 200-day simple moving average is $159.91. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 68.78 and a beta of 0.93. 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 announced its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. The business had revenue of $372.54 million for the quarter, compared to analysts' expectations of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business's quarterly revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. Equities research analysts forecast that Guidewire Software, Inc. will post 1.84 earnings per share for the current year.
Institutional Trading of Guidewire Software
Several large investors have recently added to or reduced their stakes in GWRE. Capital World Investors acquired a new stake in Guidewire Software in the 4th quarter valued at approximately $202,405,000. Principal Financial Group Inc. increased its position in Guidewire Software by 547.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company's stock valued at $176,537,000 after acquiring an additional 997,992 shares during the period. Alliancebernstein L.P. increased its position in Guidewire Software by 405.1% in the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company's stock valued at $126,743,000 after acquiring an additional 431,725 shares during the period. Stockbridge Partners LLC increased its position in Guidewire Software by 39.0% in the 4th quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company's stock valued at $290,501,000 after acquiring an additional 405,850 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Guidewire Software by 179.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 628,759 shares of the technology company's stock valued at $94,037,000 after acquiring an additional 403,370 shares during the period.
Wall Street Analysts Forecast Growth
GWRE has been the topic of a number of research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Royal Bank Of Canada dropped their price target on Guidewire Software from $250.00 to $215.00 and set an "outperform" rating on the stock in a research report on Friday. Citizens Jmp dropped their price target on Guidewire Software from $300.00 to $220.00 and set a "market outperform" rating on the stock in a research report on Friday. Wells Fargo & Company dropped their price target on Guidewire Software from $210.00 to $190.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Stifel Nicolaus dropped their price target on Guidewire Software from $225.00 to $200.00 and set a "buy" rating on the stock in a research report on Friday. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $229.00.
Read Our Latest 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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