Key Points
- Guidewire CEO Michael George Rosenbaum sold 1,200 shares at an average price of $172.88, generating $207,456. The sale was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 188,976 shares valued at about $32.7 million.
- Rosenbaum has made a series of similar sales since June, while Guidewire’s stock opened at $171.56 and traded within a 52-week range of $102.30 to $272.60. The company reported quarterly revenue of $372.54 million and EPS of $0.82, exceeding analyst expectations.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $221.64, despite several firms recently lowering their targets. Institutional investors also made significant purchases during the second quarter, including Bamco’s reported $1.1 billion position.
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, August 17th. The stock was sold at an average price of $172.88, for a total transaction of $207,456.00. Following the transaction, the chief executive officer directly owned 188,976 shares in the company, valued at approximately $32,670,170.88. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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, August 10th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $169.50, for a total transaction of $203,400.00.
- On Monday, August 3rd, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 stock was sold at an average price of $142.31, for a total transaction 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 transaction of $166,164.00.
- On Monday, July 6th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 value 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 value 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 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 shares were sold at an average price of $158.92, for a total value of $190,704.00.
Guidewire Software Stock Performance
NYSE:GWRE opened at $171.56 on Tuesday. The company has a market cap of $14.28 billion, a price-to-earnings ratio of 92.74 and a beta of 0.92. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two 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 has a fifty day moving average price of $139.65 and a 200-day moving average price of $140.89.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. The company 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%.Guidewire Software's 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, equities analysts anticipate that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently commented on GWRE. Citizens Jmp dropped their target price on shares of Guidewire Software from $300.00 to $220.00 and set a "market outperform" rating for the company in a research report on Friday, June 5th. Royal Bank Of Canada reduced their price target on shares of Guidewire Software from $250.00 to $215.00 and set an "outperform" rating on the stock in a research report on Friday, June 5th. Zacks Research cut shares of Guidewire Software from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. Stifel Nicolaus lowered their price objective on shares of Guidewire Software from $225.00 to $200.00 and set a "buy" rating for the company in a research report on Friday, June 5th. Finally, Guggenheim began coverage on Guidewire Software in a research note on Thursday, July 23rd. They set a "buy" rating and a $180.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of "Moderate Buy" and an average target price of $221.64.
Get Our Latest Stock Report on Guidewire Software
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Equitable Holdings Inc. bought a new position in shares of Guidewire Software in the second quarter worth about $275,000. Public Employees Retirement System of Ohio bought a new stake in shares of Guidewire Software during the 2nd quarter valued at approximately $2,995,000. Corient Private Wealth LP acquired a new position in Guidewire Software during the 2nd quarter worth approximately $10,821,000. Bamco Inc. NY acquired a new position in Guidewire Software during the 2nd quarter worth approximately $1,106,768,000. Finally, Bank of America Corp DE bought a new position in Guidewire Software in the 2nd quarter valued at approximately $85,709,000.
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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