Insider Selling: Guidewire Software, Inc. (NYSE:GWRE) CEO Sells 1,400 Shares of Stock

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

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 shares were sold at an average price of $184.41, for a total value of $258,174.00.
• 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 transaction 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 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 transaction of $282,660.00.

Guidewire Software Stock Up 0.5 %

Shares of GWRE traded up $0.83 during midday trading on Monday, reaching $175.08. 1,379,220 shares of the company were exchanged, compared to its average volume of 896,087. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The stock has a 50-day moving average price of $198.84 and a 200-day moving average price of $189.30. 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 $14.69 billion, a price-to-earnings ratio of 486.34, a P/E/G ratio of 37.21 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last released its quarterly 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 return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Institutional Investors Weigh In On Guidewire Software

A number of large investors have recently added to or reduced their stakes in GWRE. Versant Capital Management Inc acquired a new position in Guidewire Software in the 4th quarter worth $25,000. Ossiam acquired a new position in shares of Guidewire Software in the fourth quarter worth about $29,000. MassMutual Private Wealth & Trust FSB lifted its stake 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 worth $32,000 after acquiring an additional 70 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software in the fourth quarter valued at about $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Guidewire Software by 101.0% during the 4th 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 in the last quarter.

Analyst Ratings Changes

GWRE has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. Robert W. Baird boosted their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. upped 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, The Goldman Sachs Group lifted their target price on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus price target 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.