Key Points
- Guidewire CEO Michael Rosenbaum sold 1,200 shares at an average price of $145.87, generating $175,044. The sale was made under a pre-arranged Rule 10b5-1 plan, leaving him with 230,082 shares.
- Rosenbaum has conducted a series of recurring 1,200-share sales since June, with sale prices ranging from $105.67 to $204.44.
- Guidewire recently exceeded quarterly expectations, reporting $0.99 EPS and $411.09 million in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $216.23.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $145.87, for a total transaction of $175,044.00. Following the transaction, the chief executive officer owned 230,082 shares of the company's stock, valued at approximately $33,562,061.34. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael George Rosenbaum also recently made the following trade(s):
- On Tuesday, September 8th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $160.52, for a total value of $192,624.00.
- 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 stock was 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 value of $207,456.00.
- On Monday, August 10th, Michael 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 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 Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $142.31, for a total value of $170,772.00.
- On Monday, July 13th, Michael 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 Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $131.63, for a total value of $157,956.00.
- On Monday, June 22nd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $105.67, for a total transaction of $126,804.00.
Guidewire Software Price Performance
NYSE:GWRE opened at $153.04 on Tuesday. The stock has a market capitalization of $12.74 billion, a PE ratio of 93.89 and a beta of 0.97. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $255.91. The firm has a fifty day simple moving average of $163.27 and a 200 day simple moving average of $147.43. The company has a current ratio of 1.79, a quick ratio of 2.44 and a debt-to-equity ratio of 0.57.
Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. The firm had revenue of $411.09 million for the quarter, compared to analyst estimates of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company's quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 earnings per share. On average, research analysts expect that Guidewire Software, Inc. will post 2.46 EPS for the current fiscal year.
Institutional Trading of Guidewire Software
Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System raised its holdings in Guidewire Software by 11,874.0% in the 2nd 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 acquiring an additional 11,659,237 shares during the period. Bamco Inc. NY acquired a new stake in Guidewire Software during the second quarter worth approximately $1,106,768,000. Linonia Partnership LP bought a new stake in shares of Guidewire Software during the second quarter worth approximately $853,165,000. Route One Investment Company L.P. bought a new stake in shares of Guidewire Software during the second quarter worth approximately $227,564,000. Finally, Geode Capital Management LLC grew its position in shares of Guidewire Software by 8.9% in 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 purchasing an additional 145,924 shares during the last quarter.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Guidewire Software from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, June 5th. Royal Bank Of Canada reiterated an "outperform" rating and set a $215.00 price target on shares of Guidewire Software in a report on Friday, September 4th. BTIG Research boosted their price target on Guidewire Software from $175.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Piper Sandler restated an "overweight" rating and issued a $210.00 price objective on shares of Guidewire Software in a research note on Friday, September 4th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Guidewire Software in a research report on Monday, August 31st. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $216.23.
Check Out Our Latest Analysis on GWRE
Guidewire Software Company Profile
(
Get Free Report)
Guidewire Software, Inc (NYSE: GWRE) provides cloud-based software and technology services for the property and casualty insurance industry. Its solutions help insurers manage core operations, modernize legacy systems, improve customer engagement and use data to support underwriting and claims decisions.
The company's principal platform, InsuranceSuite, includes applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.
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