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 24th. The shares were sold at an average price of $187.82, for a total transaction of $225,384.00. Following the completion of the sale, the chief executive officer owned 187,776 shares of the company's stock, valued at $35,268,088.32. This trade represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 17th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $172.88, for a total transaction of $207,456.00.
- On Monday, August 10th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were 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 shares were 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 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 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 shares were sold at an average price of $135.62, for a total value of $162,744.00.
Guidewire Software Trading Up 1.4%
Shares of GWRE stock opened at $191.82 on Tuesday. The stock has a market cap of $15.97 billion, a P/E ratio of 103.69 and a beta of 0.92. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $272.60. The business has a fifty day simple moving average of $146.04 and a 200-day simple moving average of $142.33.
Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm's revenue for the quarter was up 26.9% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS. On average, analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
GWRE has been the subject of several research reports. BTIG Research restated a "buy" rating and set a $175.00 price objective on shares of Guidewire Software in a research report on Thursday, July 2nd. Piper Sandler initiated coverage on Guidewire Software in a research report on Monday, August 10th. They set an "overweight" rating and a $210.00 price target for the company. Citizens Jmp cut their price target on Guidewire Software from $300.00 to $220.00 and set a "market outperform" rating for the company in a report on Friday, June 5th. JPMorgan Chase & Co. cut their price target on Guidewire Software from $300.00 to $258.00 and set an "overweight" rating for the company in a report on Tuesday, July 14th. Finally, Stifel Nicolaus decreased their price objective on Guidewire Software from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, June 5th. One research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.64.
Check Out Our Latest Report on GWRE
Institutional Trading of Guidewire Software
A number of hedge funds have recently bought and sold shares of GWRE. Advisors Asset Management Inc. acquired a new position in Guidewire Software in the 1st quarter valued at $25,000. Amundi boosted its holdings in shares of Guidewire Software by 703.0% during the second quarter. Amundi now owns 36,093 shares of the technology company's stock worth $8,220,000 after purchasing an additional 31,598 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Guidewire Software in the second quarter valued at $305,000. Bank of Nova Scotia grew its position in shares of Guidewire Software by 30.9% in the second quarter. Bank of Nova Scotia now owns 2,024 shares of the technology company's stock valued at $477,000 after purchasing an additional 478 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Guidewire Software by 30.6% in the second quarter. NewEdge Advisors LLC now owns 4,911 shares of the technology company's stock valued at $1,156,000 after purchasing an additional 1,152 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.
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