Key Points
- Guidewire CEO Michael George Rosenbaum sold 1,200 shares at an average price of $169.50, generating $203,400. The transaction occurred under a pre-arranged Rule 10b5-1 plan and left him with 190,176 shares.
- Guidewire shares opened at $173.33, up 1.6%, while the company reported quarterly revenue of $372.54 million and earnings of $0.82 per share, beating analyst expectations; revenue increased 26.9% year over year.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $220.21, despite several recent target reductions. Several institutional investors also initiated new positions in the second quarter.
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, August 10th. The shares were sold at an average price of $169.50, for a total transaction of $203,400.00. Following the transaction, the chief executive officer directly owned 190,176 shares of the company's stock, valued at $32,234,832. This represents a 0.63% decrease in their ownership of the stock. The transaction 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, August 3rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $155.92, for a total transaction of $187,104.00.
- On Monday, July 27th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 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 shares were 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 stock was sold at an average price of $138.51, for a total value of $166,212.00.
Guidewire Software Trading Up 1.6%
Shares of Guidewire Software stock opened at $173.33 on Tuesday. The stock has a market capitalization of $14.43 billion, a P/E ratio of 93.69 and a beta of 0.92. Guidewire Software, Inc. has a 52-week low of $102.30 and a 52-week high of $272.60. 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's 50-day simple moving average is $136.73 and its 200 day simple moving average is $140.32.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued its 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 firm had revenue of $372.54 million during the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The company's quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share. As a group, research analysts anticipate that Guidewire Software, Inc. will post 1.83 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Guidewire Software during the 2nd quarter valued at $25,462,000. Diversify Advisory Services LLC purchased a new stake in shares of Guidewire Software in the second quarter worth $563,000. M.D. Sass LLC purchased a new stake in shares of Guidewire Software in the second quarter worth $6,793,000. Meeder Advisory Services Inc. bought a new stake in Guidewire Software during the second quarter valued at $288,000. Finally, Banco BTG Pactual S.A. bought a new stake in Guidewire Software during the second quarter valued at $270,000.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Zacks Research downgraded shares of Guidewire Software from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. DA Davidson dropped their target price on Guidewire Software from $246.00 to $222.00 and set a "buy" rating on the stock in a research report on Monday, June 8th. Piper Sandler started coverage on Guidewire Software in a report on Monday. They issued an "overweight" rating and a $210.00 price target for the company. Royal Bank Of Canada cut their price target on Guidewire Software from $250.00 to $215.00 and set an "outperform" rating for the company in a report on Friday, June 5th. Finally, Oppenheimer decreased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and an average price target of $220.21.
Read Our Latest Report 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.
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