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

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $170.04, for a total transaction of $238,056.00. Following the sale, the chief executive officer now directly owns 269,130 shares of the company’s stock, valued at $45,762,865.20. The trade was a 0.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 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 shares were sold at an average price of $214.68, for a total transaction of $300,552.00.
• On Monday, February 3rd, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 shares were sold at an average price of $201.90, for a total transaction of $282,660.00.
• On Tuesday, January 21st, Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock. The shares were 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 shares were sold at an average price of $174.78, for a total transaction of $244,692.00.
• On Tuesday, December 17th, Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $172.93 on Wednesday. The company’s fifty day moving average price is $194.72 and its 200 day moving average price is $185.42. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a market capitalization of $14.44 billion, a PE ratio of 480.37, 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 quick ratio of 2.66 and a current ratio of 2.66.

Guidewire Software (NYSE:GWRE) last announced 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). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $289.48 million for the quarter, compared to analysts’ expectations of $285.74 million. On average, research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GWRE shares. DA Davidson restated a “buy” rating and set a $210.00 price target on shares of Guidewire Software in a research note on Wednesday, December 4th. Stifel Nicolaus upped their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada increased their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $206.08.

Institutional Trading of Guidewire Software

A number of hedge funds have recently added to or reduced their stakes in GWRE. Versant Capital Management Inc purchased a new position in Guidewire Software during the fourth quarter valued at $25,000. Ossiam purchased a new position in Guidewire Software during the fourth quarter valued at $29,000. Assetmark Inc. lifted its holdings in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Guidewire Software during the third quarter valued at $33,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Guidewire Software during the fourth quarter valued at $34,000.

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.