Key Points
- Guidewire CEO Michael Rosenbaum sold 1,200 shares at an average price of $160.16, generating $192,192. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 272,466 shares.
- Rosenbaum has made a series of recent sales, including a 72,290-share transaction worth approximately $10.44 million in September, alongside multiple weekly sales of 1,200 shares.
- Guidewire recently exceeded quarterly earnings and revenue expectations, while analysts maintain a “Moderate Buy” consensus 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 business's stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $160.16, for a total value of $192,192.00. Following the completion of the sale, the chief executive officer owned 272,466 shares of the company's stock, valued at approximately $43,638,154.56. This represents a 0.44% decrease in their position. The sale was disclosed in a legal filing 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 26th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The shares were sold at an average price of $187.19, for a total value of $224,628.00.
- On Monday, October 19th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $167.90, for a total transaction of $201,480.00.
- 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 shares were 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 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 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.
Guidewire Software Price Performance
Shares of NYSE:GWRE opened at $162.25 on Tuesday. The company has a 50-day simple moving average of $166.47 and a 200-day simple moving average of $149.26. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $231.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $13.51 billion, a price-to-earnings ratio of 99.54 and a beta of 1.02.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The business had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The business's quarterly revenue was up 15.3% compared to the same quarter last year. On average, analysts predict that Guidewire Software, Inc. will post 2.45 EPS for the current year.
Institutional Investors Weigh In On Guidewire Software
A number of hedge funds have recently added to or reduced their stakes in the company. Bamco Inc. NY acquired a new position in Guidewire Software during the 2nd quarter worth approximately $1,106,768,000. Linonia Partnership LP purchased a new position in shares of Guidewire Software during the 2nd quarter worth approximately $853,165,000. Route One Investment Company L.P. acquired a new stake in shares of Guidewire Software in the 2nd quarter valued at approximately $227,564,000. Van ECK Associates Corp acquired a new stake in shares of Guidewire Software in the 2nd quarter valued at approximately $149,611,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Guidewire Software by 547.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company's stock valued at $176,537,000 after buying an additional 997,992 shares during the period.
Analysts Set New Price Targets
GWRE has been the subject of a number of recent research reports. 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. Wells Fargo & Company upped their price target 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 increased their price target on Guidewire Software from $180.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. BTIG Research increased their price target on Guidewire Software from $175.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $215.00 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. According to MarketBeat.com, Guidewire Software presently has an average rating of "Moderate Buy" and an average price target of $216.23.
View Our Latest Stock Analysis on Guidewire Software
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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