Key Points
- Guidewire CEO Michael Rosenbaum sold 1,200 shares at an average price of $187.19, generating $224,628. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 0.44% to 273,666 shares.
- Rosenbaum has made a series of stock sales in recent months, including a larger sale of 72,290 shares worth approximately $10.44 million on September 17.
- Guidewire reported quarterly results above expectations, with $0.99 in earnings per share and $411.09 million in revenue, up 15.3% year over year. Analysts maintain a “Moderate Buy” consensus rating with 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 that occurred on Monday, October 26th. The stock was sold at an average price of $187.19, for a total value of $224,628.00. Following the transaction, the chief executive officer directly owned 273,666 shares of the company's stock, valued at approximately $51,227,538.54. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 19th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $167.90, for a total value of $201,480.00.
- On Monday, October 12th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $168.97, for a total value 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 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 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 shares were 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 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 stock was sold at an average price of $187.82, for a total transaction of $225,384.00.
Guidewire Software Stock Performance
Shares of GWRE opened at $184.19 on Tuesday. 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, Inc. has a 52-week low of $102.30 and a 52-week high of $255.89. The company has a 50-day simple moving average of $168.08 and a 200-day simple moving average of $149.72. The company has a market capitalization of $15.34 billion, a PE ratio of 113.00 and a beta of 1.02.
Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The technology company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.06. The firm had revenue of $411.09 million for the quarter, compared to the consensus estimate of $402.61 million. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The firm's revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Equities research analysts predict that Guidewire Software, Inc. will post 2.45 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Guidewire Software
Institutional investors and hedge funds have recently bought and sold shares of the stock. Angeles Wealth Management LLC lifted its position in shares of Guidewire Software by 2.5% in the third quarter. Angeles Wealth Management LLC now owns 2,831 shares of the technology company's stock valued at $404,000 after acquiring an additional 70 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Guidewire Software during the 3rd quarter worth about $229,000. Signaturefd LLC increased its position in Guidewire Software by 1.4% during the 3rd quarter. Signaturefd LLC now owns 5,324 shares of the technology company's stock worth $759,000 after purchasing an additional 72 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in Guidewire Software during the 3rd quarter worth about $226,000. Finally, One Wealth Capital Management LLC acquired a new position in Guidewire Software in the 3rd quarter valued at about $200,000.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on GWRE. DA Davidson reiterated a "buy" rating and set a $222.00 price target on shares of Guidewire Software in a research report on Friday, October 2nd. Piper Sandler restated an "overweight" rating and issued a $210.00 price target on shares of Guidewire Software in a report on Friday, September 4th. JPMorgan Chase & Co. dropped their price objective on Guidewire Software from $300.00 to $258.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. Robert W. Baird lifted their price objective on Guidewire Software from $202.00 to $235.00 and gave the stock an "outperform" rating in a report on Monday, August 31st. Finally, Citigroup boosted their target price on Guidewire Software from $137.00 to $181.00 and gave the stock a "neutral" rating in a research report on Friday, September 4th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $216.23.
Get Our Latest Stock Report on GWRE
About Guidewire Software
(
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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