Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $184.41, for a total transaction of $258,174.00. Following the sale, the chief executive officer now owns 259,993 shares of the company's stock, valued at $47,945,309.13. The trade was a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, March 24th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $195.15, for a total value of $273,210.00.
- On Monday, March 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $185.03, for a total value of $259,042.00.
- On Monday, March 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $170.04, for a total transaction of $238,056.00.
- On Monday, March 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $203.13, for a total transaction of $284,382.00.
- On Monday, February 24th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $203.65, for a total transaction of $285,110.00.
- On Tuesday, February 18th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $212.42, for a total transaction of $297,388.00.
- On Monday, February 10th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $214.68, for a total value of $300,552.00.
- On Monday, February 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $208.42, for a total value of $291,788.00.
- On Monday, January 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were sold at an average price of $201.90, for a total value of $282,660.00.
- On Tuesday, January 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $179.91, for a total value of $251,874.00.
Guidewire Software Stock Performance
GWRE stock traded down $9.82 during trading hours on Friday, reaching $174.35. The stock had a trading volume of 864,625 shares, compared to its average volume of 892,227. The stock has a 50-day simple moving average of $198.84 and a 200 day simple moving average of $189.07. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week high of $219.59. The stock has a market capitalization of $14.62 billion, a PE ratio of 484.30, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc acquired a new stake in Guidewire Software during the 4th quarter valued at $25,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after purchasing an additional 70 shares during the period. Ossiam acquired a new stake in shares of Guidewire Software during the 4th quarter worth about $29,000. Point72 Hong Kong Ltd bought a new stake in shares of Guidewire Software during the 3rd quarter worth about $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after buying an additional 99 shares during the last quarter.
Wall Street Analyst Weigh In
GWRE has been the subject of several research reports. JMP Securities reissued a "market outperform" rating and set a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. The Goldman Sachs Group lifted their price target on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Royal Bank of Canada upped their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Robert W. Baird lifted their target price on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company upped their price target on Guidewire Software from $215.00 to $220.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $206.08.
Read Our Latest Analysis on Guidewire Software
About Guidewire Software
(
Get Free Report)
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.
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