Key Points
- Guidewire CEO Michael Rosenbaum sold 1,200 shares at $159.60, worth $191,520, under a pre-arranged Rule 10b5-1 trading plan. He retained 271,266 shares, and the sale reduced his direct ownership by 0.44%.
- The sale follows a series of similar 1,200-share transactions in recent weeks, plus a larger sale of 72,290 shares in September.
- Guidewire’s latest quarterly results beat analyst estimates for earnings and revenue, with revenue up 15.3% year over year. Analysts’ consensus rating was Moderate Buy, with a $216.23 average price target.
Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael Rosenbaum sold 1,200 shares of the firm's stock in a transaction on Monday, November 9th. The stock was sold at an average price of $159.60, for a total value of $191,520.00. Following the sale, the chief executive officer directly owned 271,266 shares of the company's stock, valued at approximately $43,294,053.60. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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, November 2nd, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was sold at an average price of $160.16, for a total value of $192,192.00.
- On Monday, October 26th, Michael Rosenbaum sold 1,200 shares of Guidewire Software stock. The stock was 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 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 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 transaction of $192,624.00.
Guidewire Software Price Performance
GWRE stock opened at $160.74 on Tuesday. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $229.85. The firm has a 50-day moving average of $163.33 and a two-hundred day moving average of $149.31. The firm has a market capitalization of $13.28 billion, a PE ratio of 98.62 and a beta of 1.01. 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 (NYSE:GWRE - Get Free Report) last released 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. The business 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 quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. On average, analysts forecast that Guidewire Software, Inc. will post 2.45 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Guidewire Software from $300.00 to $258.00 and set an "overweight" rating for the company in a research note on Tuesday, July 14th. Citizens Jmp reissued a "market outperform" rating and set a $220.00 target price on shares of Guidewire Software in a research note on Friday, September 4th. Weiss Ratings restated a "hold (c)" rating on shares of Guidewire Software in a report on Monday, August 31st. Guggenheim raised their target price on Guidewire Software from $180.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. Finally, Oppenheimer lifted their price target on Guidewire Software from $200.00 to $210.00 and gave the company an "outperform" rating in a report on Friday, September 4th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $216.23.
Get Our Latest Stock Analysis on Guidewire Software
Institutional Investors Weigh In On Guidewire Software
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Guidewire Software during the 3rd quarter valued at about $28,000. Fiduciary Financial Advisors acquired a new position in Guidewire Software in the second quarter worth approximately $29,000. Legacies Wealth LLC acquired a new position in Guidewire Software in the third quarter worth approximately $38,000. Silvant Capital Management LLC bought a new position in Guidewire Software during the second quarter valued at approximately $33,000. Finally, IFP Advisors Inc raised its position in Guidewire Software by 129.2% during the third quarter. IFP Advisors Inc now owns 330 shares of the technology company's stock valued at $47,000 after acquiring an additional 186 shares in the last quarter.
About Guidewire Software
(
Get Free Report)
Guidewire Software develops software for property and casualty insurance companies. Its products support core insurance operations, including policy administration, billing and claims management, as well as data analytics and digital customer services.
The company offers its applications through Guidewire Cloud and provides related implementation and support services. Its platform includes products such as PolicyCenter, BillingCenter and ClaimCenter, designed to help insurers manage workflows and modernize their technology systems.
Founded in 2001, Guidewire is headquartered in San Mateo, California, and serves insurance organizations in markets around the world.
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