Guidewire Software (NYSE:GWRE) CEO Michael George Rosenbaum Sells 1,400 Shares of Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, December 8th. The shares were sold at an average price of $210.87, for a total value of $295,218.00. Following the completion of the sale, the chief executive officer directly owned 248,158 shares of the company’s stock, valued at $52,329,077.46. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Michael George Rosenbaum also recently made the following trade(s):

• On Monday, December 1st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $213.44, for a total value of $298,816.00.
• On Monday, November 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $222.54, for a total value of $311,556.00.
• On Monday, November 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $218.53, for a total value of $305,942.00.
• On Monday, November 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $231.85, for a total transaction of $324,590.00.
• On Monday, October 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $255.40, for a total transaction of $357,560.00.
• On Monday, October 20th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $245.70, for a total transaction of $343,980.00.
• On Monday, October 13th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $239.71, for a total transaction of $335,594.00.
• On Monday, October 6th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $230.08, for a total transaction of $322,112.00.
• On Monday, September 29th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $232.25, for a total transaction of $325,150.00.
• On Monday, September 22nd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $244.55, for a total transaction of $342,370.00.

Guidewire Software Stock Down 5.0%

Guidewire Software stock opened at $200.10 on Tuesday. The firm has a market capitalization of $17.01 billion, a P/E ratio of 190.57, a P/E/G ratio of 12.94 and a beta of 1.08. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. Guidewire Software, Inc. has a twelve month low of $165.08 and a twelve month high of $272.60. The stock’s fifty day simple moving average is $227.61 and its 200-day simple moving average is $229.10.

Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The firm had revenue of $332.64 million during the quarter, compared to analysts’ expectations of $316.62 million. During the same period in the previous year, the firm posted $0.43 EPS. Guidewire Software’s revenue for the quarter was up 26.5% on a year-over-year basis. As a group, equities analysts expect that Guidewire Software, Inc. will post 0.52 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. Allworth Financial LP grew its holdings in shares of Guidewire Software by 56.0% during the third quarter. Allworth Financial LP now owns 1,137 shares of the technology company’s stock worth $261,000 after purchasing an additional 408 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Guidewire Software by 4.6% in the 3rd quarter. IFP Advisors Inc now owns 1,104 shares of the technology company’s stock valued at $254,000 after purchasing an additional 49 shares during the period. Swiss Life Asset Management Ltd grew its stake in Guidewire Software by 78.9% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 3,700 shares of the technology company’s stock worth $850,000 after buying an additional 1,632 shares during the last quarter. Cambria Investment Management L.P. purchased a new position in Guidewire Software during the 3rd quarter worth approximately $265,000. Finally, CIBC Private Wealth Group LLC increased its position in Guidewire Software by 5.4% during the third quarter. CIBC Private Wealth Group LLC now owns 189,033 shares of the technology company’s stock worth $43,451,000 after buying an additional 9,747 shares during the period.

Analyst Upgrades and Downgrades

GWRE has been the topic of several analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Guidewire Software in a report on Monday, December 1st. Royal Bank Of Canada raised their price objective on shares of Guidewire Software from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Citigroup boosted their target price on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 price target (up from $255.00) on shares of Guidewire Software in a report on Friday, September 5th. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average price target of $272.25.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.