Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $160.52, for a total value of $192,624.00. Following the completion of the transaction, the chief executive officer directly owned 185,376 shares in the company, valued at approximately $29,756,555.52. This represents a 0.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 31st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $204.44, for a total value of $245,328.00.
- On Monday, August 24th, Michael 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 Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $172.88, for a total transaction of $207,456.00.
- On Monday, August 10th, Michael 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 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 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 Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $138.47, for a total transaction of $166,164.00.
- On Monday, July 6th, Michael 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 Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $105.67, for a total transaction of $126,804.00.
- On Tuesday, June 16th, Michael 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.
Guidewire Software Trading Down 7.8%
NYSE:GWRE opened at $149.72 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 2.44. The firm has a market capitalization of $12.47 billion, a price-to-earnings ratio of 91.85 and a beta of 0.97. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $262.93. The business has a fifty day moving average price of $162.42 and a 200-day moving average price of $146.94.
Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.06. The company had revenue of $411.09 million for the quarter, compared to the consensus estimate of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%.Guidewire Software's quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. Sell-side analysts forecast that Guidewire Software, Inc. will post 2.15 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on GWRE. Citigroup boosted their price objective on Guidewire Software from $137.00 to $181.00 and gave the company a "neutral" rating in a research note on Friday, September 4th. DA Davidson restated a "buy" rating and set a $222.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. BTIG Research lifted their price target on shares of Guidewire Software from $175.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Wells Fargo & Company upped their price target on shares of Guidewire Software from $190.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, September 4th. Finally, Citizens Jmp restated a "market outperform" rating and set a $220.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.23.
Read Our Latest Report on Guidewire Software
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted 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 purchasing an additional 997,992 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Guidewire Software by 3.0% in the first quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company's stock worth $78,492,000 after buying an additional 15,260 shares in the last quarter. Geode Capital Management LLC boosted its stake in Guidewire Software by 8.9% during the fourth 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. Entropy Technologies LP purchased a new position in Guidewire Software during the 4th quarter valued at approximately $5,837,000. Finally, Weiss Asset Management LP purchased a new stake in shares of Guidewire Software during the 1st quarter worth approximately $6,087,000.
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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