Guidewire Software, Inc. (NYSE:GWRE) CEO Sells $4,024,928.64 in Stock

Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. The sale was disclosed in a document filed with the SEC, which is available at this link.

Guidewire Software Price Performance

GWRE stock opened at $174.54 on Friday. The stock has a market capitalization of $14.43 billion, a P/E ratio of -1,342.62 and a beta of 1.18. The business has a 50-day moving average of $151.15 and a 200-day moving average of $131.67. Guidewire Software, Inc. has a fifty-two week low of $85.15 and a fifty-two week high of $176.00.

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

Institutional Trading of Guidewire Software

Several institutional investors and hedge funds have recently bought and sold shares of GWRE. Transcendent Capital Group LLC bought a new position in shares of Guidewire Software during the fourth quarter worth approximately $27,000. ORG Partners LLC acquired a new stake in shares of Guidewire Software in the 1st quarter valued at $29,000. Rothschild Investment LLC acquired a new stake in shares of Guidewire Software in the 2nd quarter valued at $31,000. Lynx Investment Advisory acquired a new stake in shares of Guidewire Software in the 2nd quarter valued at $41,000. Finally, DT Investment Partners LLC acquired a new stake in shares of Guidewire Software during the 2nd quarter valued at $41,000.

Analysts Set New Price Targets

GWRE has been the topic of several recent analyst reports. Bank of America boosted their price target on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research note on Wednesday, June 5th. BTIG Research boosted their price objective on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Oppenheimer boosted their target price on Guidewire Software from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Citigroup boosted their target price on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Finally, Royal Bank of Canada upped their price objective on Guidewire Software from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.69.

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.