Key Points
- CEO Michael George Rosenbaum sold 1,200 Guidewire shares at an average price of $204.44, generating $245,328. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 186,576 shares.
- Rosenbaum has conducted a series of recurring stock sales since June, including weekly 1,200-share sales, while Guidewire shares have risen substantially from prices as low as $105.67.
- Guidewire reported quarterly revenue of $372.54 million and adjusted EPS of $0.82, both exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $220.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,200 shares of the business's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $204.44, for a total transaction of $245,328.00. Following the completion of the sale, the chief executive officer directly owned 186,576 shares of the company's stock, valued at $38,143,597.44. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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, August 24th, Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $187.82, for a total value of $225,384.00.
- 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 value 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 value 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 value 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 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 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.
Guidewire Software Stock Down 2.3%
Shares of Guidewire Software stock opened at $200.04 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. Guidewire Software, Inc. has a 52-week low of $102.30 and a 52-week high of $272.60. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of 108.13 and a beta of 0.96. The company's 50 day moving average price is $156.74 and its 200-day moving average price is $145.25.
Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. The company 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 firm's revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. Equities research analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current year.
Institutional Investors Weigh In On Guidewire Software
A number of large investors have recently modified their holdings of GWRE. California State Teachers Retirement System increased its position in shares of Guidewire Software by 11,874.0% during the second quarter. California State Teachers Retirement System now owns 11,757,428 shares of the technology company's stock valued at $1,446,752,000 after buying an additional 11,659,237 shares during the period. Bamco Inc. NY purchased a new stake in Guidewire Software in the second quarter worth about $1,106,768,000. Linonia Partnership LP purchased a new stake in Guidewire Software in the second quarter worth about $853,165,000. Route One Investment Company L.P. bought a new stake in Guidewire Software during the 2nd quarter valued at approximately $227,564,000. Finally, Van ECK Associates Corp bought a new stake in Guidewire Software during the 2nd quarter valued at approximately $149,611,000.
Wall Street Analyst Weigh In
GWRE has been the subject of a number of analyst reports. DA Davidson dropped their target price on shares of Guidewire Software from $246.00 to $222.00 and set a "buy" rating for the company in a report on Monday, June 8th. BTIG Research restated a "buy" rating and set a $175.00 price target on shares of Guidewire Software in a report on Thursday, July 2nd. Wells Fargo & Company lowered their price target on Guidewire Software from $210.00 to $190.00 and set an "overweight" rating for the company in a research report on Friday, June 5th. Piper Sandler started coverage on Guidewire Software in a report on Monday, August 10th. They issued an "overweight" rating and a $210.00 price objective for the company. Finally, Oppenheimer boosted their target price on Guidewire Software from $180.00 to $200.00 and gave the company an "outperform" rating in a research note on Monday, August 17th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $220.00.
View Our Latest Analysis on GWRE
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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