Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $234,948.00 in Stock

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $167.82, for a total transaction of $234,948.00. Following the transaction, the chief executive officer now directly owns 258,593 shares of the company's stock, valued at approximately $43,397,077.26. This represents a 0.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, March 31st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The stock was sold at an average price of $184.41, for a total transaction of $258,174.00.
• On Monday, March 24th, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 stock was sold at an average price of $185.03, for a total transaction 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 value 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 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 stock was 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 shares were 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.

Guidewire Software Stock Performance

Shares of GWRE stock traded up $3.31 during trading on Friday, hitting $190.90. The company's stock had a trading volume of 602,991 shares, compared to its average volume of 903,153. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market cap of $16.01 billion, a PE ratio of 530.29, a P/E/G ratio of 37.21 and a beta of 1.19. The business has a fifty day moving average of $194.96 and a 200-day moving average of $189.45. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The business had revenue of $289.48 million for the quarter, compared to the consensus estimate of $285.74 million. As a group, research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Institutional Investors Weigh In On Guidewire Software

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc acquired a new stake in Guidewire Software during the fourth quarter worth about $25,000. Ossiam purchased a new stake in shares of Guidewire Software in the 4th quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB raised its holdings in Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after buying an additional 70 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software during the fourth quarter worth $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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 valued at $34,000 after purchasing an additional 99 shares during the period.

Analysts Set New Price Targets

Several research firms have commented on GWRE. The Goldman Sachs Group lifted their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Robert W. Baird raised their price objective 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. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $206.08.

About Guidewire Software

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.