Key Points
- CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software on July 6 for about $157,956, reducing his direct stake by 0.61%. The sale was made under a pre-arranged Rule 10b5-1 plan.
- Rosenbaum has been selling shares repeatedly in recent weeks, including multiple 1,200-share sales and a larger 5,830-share sale in mid-June. The article notes several transactions at prices ranging from about $105.67 to $158.92 per share.
- Guidewire’s stock rose 2.4% and the company recently beat quarterly expectations, reporting $0.82 EPS and $372.54 million in revenue. Analysts still generally remain positive, with a consensus rating of Moderate Buy and a price target of $221.36.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the business's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $131.63, for a total value of $157,956.00. Following the transaction, the chief executive officer directly owned 196,176 shares in the company, valued at $25,822,646.88. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $105.67, for a total transaction of $126,804.00.
- On Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The stock was sold at an average price of $118.74, for a total transaction of $692,254.20.
- On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $123.85, for a total transaction of $148,620.00.
- On Monday, June 8th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $135.62, for a total transaction of $162,744.00.
- 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 transaction of $190,704.00.
- On Tuesday, May 26th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.51, for a total transaction of $166,212.00.
- On Monday, May 18th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 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.
Guidewire Software Stock Up 2.4%
GWRE stock opened at $140.82 on Tuesday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $11.73 billion, a PE ratio of 75.81 and a beta of 0.95. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $272.60. The business's 50 day simple moving average is $131.41 and its 200 day simple moving average is $147.30.
Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million during the quarter, compared to analysts' expectations of $355.92 million. During the same period in the previous year, the business posted $0.88 earnings per share. The company's revenue for the quarter was up 26.9% compared to the same quarter last year. As a group, research analysts anticipate that Guidewire Software, Inc. will post 1.83 EPS for the current year.
Analyst Ratings Changes
Several research analysts have weighed in on GWRE shares. Wells Fargo & Company lowered their price target on shares of Guidewire Software from $210.00 to $190.00 and set an "overweight" rating on the stock in a report on Friday, June 5th. Stifel Nicolaus decreased their target price on Guidewire Software from $225.00 to $200.00 and set a "buy" rating on the stock in a research report on Friday, June 5th. Oppenheimer lowered their target price on Guidewire Software from $250.00 to $180.00 and set an "outperform" rating on the stock in a research note on Monday, May 18th. DA Davidson decreased their price objective on Guidewire Software from $246.00 to $222.00 and set a "buy" rating on the stock in a report on Monday, June 8th. Finally, Royal Bank Of Canada dropped their target price on Guidewire Software from $250.00 to $215.00 and set an "outperform" rating for the company in a report on Friday, June 5th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.36.
Read Our Latest Report on GWRE
Institutional Trading of Guidewire Software
Several large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd grew its holdings in shares of Guidewire Software by 901.1% during 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 last quarter. Comerica Bank increased its position in Guidewire Software by 52.0% in the 4th quarter. Comerica Bank now owns 78,659 shares of the technology company's stock valued at $15,811,000 after acquiring an additional 26,912 shares during the period. BDF Gestion bought a new position in shares of Guidewire Software during the fourth quarter valued at $1,803,000. Fieldview Capital Management LLC acquired a new position in shares of Guidewire Software during the third quarter worth $2,862,000. Finally, Alliancebernstein L.P. grew its stake in shares of Guidewire Software by 6.9% in the third quarter. Alliancebernstein L.P. now owns 575,587 shares of the technology company's stock worth $132,304,000 after purchasing an additional 37,284 shares during the last quarter.
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.
Further Reading
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