Key Points
- Guidewire CEO Michael Rosenbaum sold 1,200 shares at an average price of $152.52, totaling $183,024. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 0.43% to 277,266 shares.
- Rosenbaum has made multiple recent sales, including a significantly larger disposal of 72,290 shares worth approximately $10.4 million on September 17, alongside recurring sales of 1,200-share blocks.
- Guidewire’s latest quarterly results exceeded expectations, with $0.99 EPS and $411.09 million in revenue, up 15.3% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $216.23, versus a reported share price of $163.38.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $152.52, for a total value of $183,024.00. Following the completion of the sale, the chief executive officer directly owned 277,266 shares in the company, valued at $42,288,610.32. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $142.65, for a total value of $171,180.00.
- On Monday, September 21st, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $145.92, for a total value of $175,104.00.
- On Thursday, September 17th, Michael Rosenbaum sold 72,290 shares of Guidewire Software stock. The shares were sold at an average price of $144.47, for a total value of $10,443,736.30.
- On Monday, September 14th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 stock was 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 shares were 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 shares were 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 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.
Guidewire Software Price Performance
Shares of GWRE stock opened at $163.38 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $13.60 billion, a PE ratio of 100.23 and a beta of 1.02. The firm's 50-day moving average is $165.77 and its two-hundred day moving average is $146.73. 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 posted its quarterly 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 business had revenue of $411.09 million during the quarter, compared to analysts' expectations of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The business's revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. Analysts predict that Guidewire Software, Inc. will post 2.45 earnings per share for the current year.
Hedge Funds Weigh In On Guidewire Software
Hedge funds have recently made changes to their positions in the stock. Bamco Inc. NY acquired a new stake in Guidewire Software in the 2nd quarter valued at approximately $1,106,768,000. Linonia Partnership LP acquired a new position in Guidewire Software during the second quarter worth $853,165,000. Route One Investment Company L.P. acquired a new position in Guidewire Software during the second quarter worth $227,564,000. Van ECK Associates Corp acquired a new position in Guidewire Software during the second quarter worth $149,611,000. Finally, Principal Financial Group Inc. boosted its position in shares of Guidewire Software by 547.3% during the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company's stock worth $176,537,000 after buying an additional 997,992 shares during the period.
Analyst Ratings Changes
GWRE has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Guidewire Software from $190.00 to $195.00 and gave the stock an "overweight" rating in a research note on Friday, September 4th. Guggenheim upped their price target on Guidewire Software from $180.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. 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. Oppenheimer increased their price target on Guidewire Software from $200.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, September 4th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $220.00 price objective 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $216.23.
Check Out Our Latest Stock Analysis on GWRE
Guidewire Software Company Profile
(
Get Free Report)
Guidewire Software, Inc develops software for the property and casualty (P&C) insurance industry. Its platform is designed to help insurers manage core operations, modernize legacy systems, and support digital interactions with policyholders, agents, brokers, and other stakeholders.
The company's principal offerings include Guidewire InsuranceSuite, a cloud-based platform with applications such as PolicyCenter for policy administration, BillingCenter for billing and payments, and ClaimCenter for claims management.
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