Key Points
- Guidewire CEO Michael George Rosenbaum sold 1,200 shares at an average price of $155.92, generating $187,104. The transaction reduced his holdings by 0.62% and was executed under a pre-arranged Rule 10b5-1 trading plan.
- Guidewire shares opened at $157.72 and were trading up 3.8%, with the company valued at approximately $13.13 billion. Its latest quarterly results beat expectations, including $0.82 in EPS versus a $0.74 estimate and 26.9% year-over-year revenue growth.
- Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $221, despite several firms recently lowering their targets.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $155.92, for a total value of $187,104.00. Following the completion of the sale, the chief executive officer owned 191,376 shares of the company's stock, valued at approximately $29,839,345.92. This trade represents a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, July 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $142.31, for a total value of $170,772.00.
- On Monday, July 13th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 transaction of $157,956.00.
- On Monday, June 22nd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 shares were 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 stock was 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 stock was sold at an average price of $128.19, for a total transaction of $153,828.00.
Guidewire Software Trading Up 3.8%
Shares of NYSE:GWRE opened at $157.72 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 85.26 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 company has a 50 day moving average price of $134.98 and a 200 day moving average price of $140.23.
Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The company had revenue of $372.54 million for the quarter, compared to analysts' expectations of $355.92 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. The firm's revenue was up 26.9% on a year-over-year basis. On average, research analysts anticipate that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. BTIG Research reaffirmed a "buy" rating and set a $175.00 target price on shares of Guidewire Software in a report on Thursday, July 2nd. 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 note on Friday, June 5th. The Goldman Sachs Group cut their price objective on Guidewire Software from $255.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, June 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus decreased their target price on shares of Guidewire Software from $225.00 to $200.00 and set a "buy" rating for the company in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Guidewire Software has a consensus rating of "Moderate Buy" and an average price target of $221.00.
Read Our Latest Analysis on Guidewire Software
Institutional Trading of Guidewire Software
Hedge funds have recently modified their holdings of the business. 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 worth $15,811,000 after purchasing an additional 26,912 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Guidewire Software by 3.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company's stock worth $78,492,000 after purchasing an additional 15,260 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Guidewire Software by 547.3% during 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 buying an additional 997,992 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company's stock valued at $357,504,000 after buying an additional 145,924 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of Guidewire Software by 6.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 128,447 shares of the technology company's stock valued at $25,819,000 after buying an additional 7,459 shares in 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.
See Also
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].
