Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum Sells 23,379 Shares

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Guidewire Software Price Performance

Shares of GWRE stock opened at $174.54 on Friday. The company’s fifty day simple moving average is $151.15 and its two-hundred day simple moving average is $131.67. Guidewire Software, Inc. has a 1 year low of $85.15 and a 1 year high of $176.00. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of -1,342.62 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.08. The firm had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.32%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.49 EPS for the current year.

Wall Street Analyst Weigh In

GWRE has been the subject of several research analyst reports. Bank of America lifted their price objective on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 5th. Royal Bank of Canada lifted their price target on Guidewire Software from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Stifel Nicolaus lifted their price target on Guidewire Software from $140.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 6th. The Goldman Sachs Group boosted their target price on Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Oppenheimer boosted their target price on Guidewire Software from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average target price of $161.69.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in Guidewire Software in the fourth quarter valued at $27,000. ORG Partners LLC purchased a new stake in Guidewire Software during the first quarter valued at about $29,000. Rothschild Investment LLC purchased a new stake in shares of Guidewire Software during the second quarter worth about $31,000. Lynx Investment Advisory purchased a new stake in shares of Guidewire Software during the second quarter worth about $41,000. Finally, DT Investment Partners LLC purchased a new stake in shares of Guidewire Software during the second quarter worth about $41,000.

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.