Key Points
- CEO Michael Rosenbaum sold 1,200 Guidewire shares at an average price of $167.90, generating $201,480. The sale was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 274,866 shares.
- Rosenbaum has conducted several recent sales, including a much larger disposal of 72,290 shares worth approximately $10.44 million on September 17.
- Guidewire shares opened at $171.50 and recently reported quarterly revenue of $411.09 million, up 15.3% year over year, while analysts maintain a “Moderate Buy” consensus with a $216.23 average price target.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction on Monday, October 19th. The shares were sold at an average price of $167.90, for a total transaction of $201,480.00. Following the completion of the sale, the chief executive officer directly owned 274,866 shares in the company, valued at $46,150,001.40. This represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 12th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $168.97, for a total transaction of $202,764.00.
- On Monday, October 5th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $152.52, for a total transaction of $183,024.00.
- 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 transaction 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 transaction 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 transaction 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 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 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 stock was sold at an average price of $172.88, for a total value of $207,456.00.
Guidewire Software Trading Up 1.6%
GWRE stock opened at $171.50 on Tuesday. 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. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of 105.21 and a beta of 1.02. The business's 50-day moving average is $166.92 and its 200 day moving average is $147.81.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.06. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. The business had revenue of $411.09 million during the quarter, compared to analysts' expectations of $402.61 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The business's revenue was up 15.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Guidewire Software, Inc. will post 2.45 EPS for the current fiscal year.
Institutional Investors Weigh In On Guidewire Software
A number of large investors have recently made changes to their positions in GWRE. Fiduciary Financial Advisors purchased a new position in Guidewire Software during the second quarter worth approximately $29,000. Silvant Capital Management LLC purchased a new stake in Guidewire Software in the 2nd quarter valued at $33,000. Leonteq Securities AG purchased a new stake in Guidewire Software in the 1st quarter valued at $36,000. Bogart Wealth LLC grew its holdings in Guidewire Software by 127.8% in the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company's stock valued at $37,000 after buying an additional 138 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Guidewire Software by 129.2% in the 3rd quarter. IFP Advisors Inc now owns 330 shares of the technology company's stock worth $47,000 after acquiring an additional 186 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several research firms recently commented on GWRE. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a report on Friday, September 4th. Citizens Jmp reaffirmed a "market outperform" rating and set a $220.00 target price on shares of Guidewire Software in a report on Friday, September 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of Guidewire Software in a research report on Monday, August 31st. Citigroup increased their target price on shares of Guidewire Software from $137.00 to $181.00 and gave the company a "neutral" rating in a research report on Friday, September 4th. Finally, Piper Sandler reissued an "overweight" rating and issued a $210.00 price target on shares of Guidewire Software in a research note on Friday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Guidewire Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $216.23.
View Our Latest Analysis on GWRE
Guidewire Software Company Profile
(
Get Free Report)
Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.
The company's principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.
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