Key Points
- Guidewire CFO Jeffrey Cooper sold 23,234 shares for approximately $3.36 million, reducing his direct ownership by 19.59%. The transaction was made under a pre-arranged Rule 10b5-1 plan to cover tax obligations from vested equity awards.
- Guidewire exceeded quarterly expectations, reporting $0.99 in earnings per share versus the $0.93 consensus and $411.09 million in revenue versus $402.61 million expected. Revenue increased 15.3% year over year.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $216.23, despite the stock trading at $149.39 and recent insider selling.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the business's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $145.92, for a total transaction of $175,104.00. Following the completion of the transaction, the chief executive officer directly owned 279,666 shares in the company, valued at $40,808,862.72. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Michael George Rosenbaum also recently made the following trade(s):
- On Thursday, September 17th, Michael Rosenbaum sold 72,290 shares of Guidewire Software stock. The stock was sold at an average price of $144.47, for a total transaction of $10,443,736.30.
- On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $145.87, for a total transaction of $175,044.00.
- 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 transaction 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 transaction 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 transaction 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 stock was 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 shares were sold at an average price of $138.47, for a total value of $166,164.00.
Guidewire Software Price Performance
Shares of Guidewire Software stock opened at $149.39 on Tuesday. The firm has a market cap of $12.44 billion, a PE ratio of 91.65 and a beta of 0.97. The stock has a 50 day moving average of $164.27 and a 200 day moving average of $147.48. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $255.89.
Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.06. The business 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%.The company's revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. On average, research analysts expect that Guidewire Software, Inc. will post 2.46 EPS for the current fiscal year.
Trending Headlines about Guidewire Software
Here are the key news stories impacting Guidewire Software this week:
- Positive Sentiment: Lititz Mutual Insurance selected Guidewire ProNavigator, an embedded AI assistant designed to provide agents and employees with instant answers and guided recommendations within their workflows. The agreement supports Guidewire’s strategy of expanding AI capabilities across its insurance software platform and could strengthen investor confidence in future product adoption. Lititz Mutual Selects Guidewire ProNavigator to Bring AI-Powered Guidance to Agents and Employees
- Neutral Sentiment: A market commentary highlighted Guidewire as an overlooked technology company with strong revenue growth, although it also noted that the stock has been pressured by guidance concerns. This provides a longer-term growth narrative but is unlikely to be a major near-term catalyst. 3 Overlooked Tech Names Quietly Powering Everyday Life
- Negative Sentiment: Several executives and insiders reported sales covering roughly $24.7 million in shares, including sizable transactions by CEO Michael Rosenbaum, President John Mullen and CFO Jeffrey Cooper. Although the sales reduced their individual holdings, each filing stated that the trades were executed under Rule 10b5-1 plans to cover tax obligations from vested equity awards, which substantially reduces their significance as a bearish signal. Guidewire Insider Transaction Filing
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bamco Inc. NY bought a new position in Guidewire Software during the second quarter valued at $1,106,768,000. Linonia Partnership LP bought a new stake in shares of Guidewire Software in the 2nd quarter worth about $853,165,000. Route One Investment Company L.P. purchased a new position in shares of Guidewire Software during the 2nd quarter worth about $227,564,000. Van ECK Associates Corp purchased a new position in shares of Guidewire Software during the 2nd quarter worth about $149,611,000. Finally, Capital World Investors bought a new position in Guidewire Software during the 4th quarter valued at about $202,405,000.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Guggenheim upped their price target on shares of Guidewire Software from $180.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Oppenheimer boosted their target price on shares of Guidewire Software from $200.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, September 4th. JPMorgan Chase & Co. decreased their target price on shares of Guidewire Software from $300.00 to $258.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. Stifel Nicolaus lowered their price target on shares of Guidewire Software from $225.00 to $200.00 and set a "buy" rating for the company in a report on Friday, June 5th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $215.00 price target on shares of Guidewire Software in a research report on Friday, September 4th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.23.
Read Our Latest Stock Report on Guidewire Software
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
