Guidewire Software, Inc. (NYSE:GWRE) CEO Michael George Rosenbaum Sells 27,786 Shares of Stock

Guidewire Software, Inc. (NYSE:GWREGet Rating) CEO Michael George Rosenbaum sold 27,786 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $62.82, for a total value of $1,745,516.52. Following the transaction, the chief executive officer now directly owns 201,160 shares in the company, valued at $12,636,871.20. The sale was disclosed in a document filed with the SEC, which is available at this link.

Guidewire Software Trading Down 2.3 %

NYSE:GWRE opened at $63.20 on Tuesday. The company has a 50-day moving average price of $73.94 and a 200-day moving average price of $79.96. Guidewire Software, Inc. has a 12 month low of $62.06 and a 12 month high of $128.98. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.24. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of -29.12 and a beta of 1.31.

Guidewire Software (NYSE:GWREGet Rating) last posted its earnings results on Tuesday, September 6th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. Guidewire Software had a negative net margin of 22.20% and a negative return on equity of 10.02%. The firm had revenue of $244.60 million during the quarter, compared to analysts’ expectations of $229.63 million. During the same period last year, the company posted $0.06 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts predict that Guidewire Software, Inc. will post -1.59 EPS for the current year.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently modified their holdings of the stock. Psagot Value Holdings Ltd. Israel purchased a new position in Guidewire Software during the 4th quarter valued at about $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Guidewire Software during the 1st quarter valued at about $31,000. Benjamin Edwards Inc. lifted its position in Guidewire Software by 9,075.0% during the 1st quarter. Benjamin Edwards Inc. now owns 367 shares of the technology company’s stock valued at $35,000 after acquiring an additional 363 shares during the period. Allworth Financial LP lifted its position in Guidewire Software by 2,038.9% during the 1st quarter. Allworth Financial LP now owns 385 shares of the technology company’s stock valued at $36,000 after acquiring an additional 367 shares during the period. Finally, Fortitude Advisory Group L.L.C. lifted its position in Guidewire Software by 94.4% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 414 shares of the technology company’s stock valued at $38,000 after acquiring an additional 201 shares during the period. 99.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GWRE shares. JMP Securities decreased their price objective on Guidewire Software from $110.00 to $95.00 and set a “market outperform” rating on the stock in a report on Wednesday, September 7th. Citigroup decreased their price target on Guidewire Software from $88.00 to $79.00 and set a “neutral” rating on the stock in a research note on Monday, September 12th. Robert W. Baird decreased their price target on Guidewire Software from $99.00 to $81.00 and set a “neutral” rating on the stock in a research note on Thursday, September 8th. Oppenheimer reaffirmed an “initiates” rating on shares of Guidewire Software in a research note on Wednesday, July 27th. Finally, DA Davidson decreased their price target on Guidewire Software from $114.00 to $96.00 and set a “buy” rating on the stock in a research note on Tuesday, August 30th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $93.60.

About Guidewire Software

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Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter 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.

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