Key Points
- CEO Michael George Rosenbaum sold 1,200 Guidewire shares at an average price of $142.31, totaling $170,772. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 192,576 shares.
- Rosenbaum has made multiple stock sales in recent months, including 1,200-share sales on several occasions and a larger sale of 5,830 shares in June.
- Guidewire recently reported better-than-expected quarterly results, with $0.82 in earnings per share and $372.54 million in revenue, up 26.9% year over year. Analysts maintain a Moderate Buy consensus rating with an average price target of $221.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the firm's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $142.31, for a total transaction of $170,772.00. Following the completion of the transaction, the chief executive officer directly owned 192,576 shares in the company, valued at approximately $27,405,490.56. The trade was a 0.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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, July 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.47, for a total value of $166,164.00.
- On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $131.63, for a total value of $157,956.00.
- 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 value of $126,804.00.
- On Tuesday, June 16th, Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock. The shares were sold at an average price of $118.74, for a total value of $692,254.20.
- On Monday, June 15th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $123.85, for a total value of $148,620.00.
- On Monday, June 8th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $135.62, for a total value 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 value 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 value 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 value of $153,828.00.
- 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.
Guidewire Software Price Performance
GWRE opened at $159.15 on Wednesday. Guidewire Software, Inc. has a 1 year low of $102.30 and a 1 year high of $272.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. The company has a market capitalization of $13.25 billion, a price-to-earnings ratio of 86.02 and a beta of 0.95. The firm's fifty day moving average price is $133.50 and its two-hundred day moving average price is $140.90.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The company had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The firm's revenue for the quarter was up 26.9% on a year-over-year basis. As a group, analysts anticipate that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GWRE. Wasatch Advisors LP grew its position in shares of Guidewire Software by 8.2% during the 2nd quarter. Wasatch Advisors LP now owns 867,117 shares of the technology company's stock valued at $106,699,000 after acquiring an additional 65,628 shares during the period. First Bank & Trust raised its holdings in shares of Guidewire Software by 17.7% in the 2nd quarter. First Bank & Trust now owns 3,998 shares of the technology company's stock worth $492,000 after purchasing an additional 602 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in Guidewire Software by 10.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 7,151 shares of the technology company's stock valued at $880,000 after purchasing an additional 682 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in Guidewire Software by 35.1% in the second quarter. Elevation Wealth Partners LLC now owns 458 shares of the technology company's stock valued at $56,000 after purchasing an additional 119 shares during the last quarter. Finally, Avior Wealth Management LLC bought a new position in Guidewire Software during the second quarter valued at $225,000.
Analysts Set New Price Targets
Several equities analysts have commented on GWRE shares. DA Davidson dropped their target price on shares of Guidewire Software from $246.00 to $222.00 and set a "buy" rating on the stock in a research report on Monday, June 8th. BTIG Research reaffirmed a "buy" rating and set a $175.00 price target on shares of Guidewire Software in a research report on Thursday, July 2nd. 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 report on Friday, June 5th. Zacks Research cut Guidewire Software from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 25th. Finally, JPMorgan Chase & Co. reduced their price objective on Guidewire Software from $300.00 to $258.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.00.
Read Our Latest Stock Analysis on Guidewire Software
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.
Further Reading
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