Key Points
- Guidewire CEO Michael Rosenbaum sold 1,200 shares at an average price of $168.97, generating $202,764. The sale reduced his ownership by 0.43% to 276,066 shares and was executed under a pre-arranged Rule 10b5-1 plan.
- Rosenbaum has made several recent sales, including a much larger disposal of 72,290 shares worth approximately $10.44 million on September 17, alongside repeated sales of 1,200 shares.
- Guidewire recently exceeded quarterly earnings and revenue expectations, while analysts maintained a broadly positive outlook: 12 rated the stock Buy and four Hold, with a consensus price target of $216.23.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the company's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $168.97, for a total transaction of $202,764.00. Following the sale, the chief executive officer owned 276,066 shares of the company's stock, valued at $46,646,872.02. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Monday, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $152.52, for a total value of $183,024.00.
- On Monday, September 28th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 stock was 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 stock was 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 value 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 value 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 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 stock was 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 stock was sold at an average price of $169.50, for a total value of $203,400.00.
Guidewire Software Stock Up 0.6%
Shares of GWRE stock opened at $165.77 on Wednesday. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $255.89. The firm has a market cap of $13.80 billion, a PE ratio of 101.70 and a beta of 1.02. The stock has a 50 day moving average of $166.59 and a 200-day moving average of $147.17. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.57.
Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $402.61 million. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. Guidewire Software's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. On average, equities analysts predict that Guidewire Software, Inc. will post 2.45 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. Oppenheimer upped their target price on shares of Guidewire Software from $200.00 to $210.00 and gave the company an "outperform" rating in a research note on Friday, September 4th. BTIG Research raised their price target on shares of Guidewire Software from $175.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada restated an "outperform" rating and set a $215.00 price objective on shares of Guidewire Software in a report on Friday, September 4th. Robert W. Baird upped their price objective on shares of Guidewire Software from $202.00 to $235.00 and gave the company an "outperform" rating in a research report on Monday, August 31st. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $210.00 price objective on shares of Guidewire Software in a research report on Friday, September 4th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Guidewire Software presently has an average rating of "Moderate Buy" and a consensus price target of $216.23.
Read Our Latest Stock Analysis on GWRE
Institutional Trading of Guidewire Software
A number of hedge funds have recently modified their holdings of GWRE. Bamco Inc. NY bought a new stake in shares of Guidewire Software during the second quarter valued at approximately $1,106,768,000. Linonia Partnership LP acquired a new position in shares of Guidewire Software in the second quarter valued at $853,165,000. Route One Investment Company L.P. acquired a new position in shares of Guidewire Software in the second quarter valued at $227,564,000. Principal Financial Group Inc. lifted its position in Guidewire Software by 547.3% in the first quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company's stock worth $176,537,000 after purchasing an additional 997,992 shares during the period. Finally, Van ECK Associates Corp bought a new position in Guidewire Software in the second quarter worth $149,611,000.
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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