Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $195.15, for a total transaction of $273,210.00. Following the sale, the chief executive officer now owns 261,393 shares of the company's stock, valued at approximately $51,010,843.95. This represents a 0.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Michael George Rosenbaum also recently made the following trade(s):
- On Monday, March 17th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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 shares were 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 stock was sold at an average price of $203.13, for a total value of $284,382.00.
- On Monday, February 24th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 value 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 transaction of $291,788.00.
- On Monday, January 27th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was 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 transaction of $251,874.00.
- On Wednesday, January 15th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $174.78, for a total transaction of $244,692.00.
Guidewire Software Price Performance
Shares of GWRE stock traded down $3.99 during midday trading on Friday, reaching $187.54. 667,149 shares of the company were exchanged, compared to its average volume of 889,587. The company's 50 day moving average price is $199.36 and its two-hundred day moving average price is $188.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The company has a market cap of $15.73 billion, a P/E ratio of 520.95, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly 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). The firm had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. On average, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on GWRE shares. Robert W. Baird lifted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Wells Fargo & Company boosted their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Oppenheimer increased their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Finally, Royal Bank of Canada raised their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $206.08.
Read Our Latest Research Report on GWRE
Hedge Funds Weigh In On Guidewire Software
Several large investors have recently made changes to their positions in GWRE. Versant Capital Management Inc acquired a new stake in Guidewire Software during the fourth quarter valued at approximately $25,000. Ossiam acquired a new position in shares of Guidewire Software in the 4th quarter valued at $29,000. Point72 Hong Kong Ltd acquired a new position in shares of Guidewire Software in the third quarter worth about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after acquiring an additional 99 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $34,000.
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.
Further Reading
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