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Guidewire Software (ETR:SOWGn), Inc. (NYSE:GWRE), a company whose stock has surged nearly 70% over the past year according to InvestingPro data, recently reported that its Chief Executive Officer, Michael George Rosenbaum, sold a substantial portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Rosenbaum sold a total of 6,337 shares over two days, with transactions occurring on March 17 and March 18, 2025.
On March 17, Rosenbaum sold 1,400 shares at a price of $185.03 each, totaling approximately $259,042. The following day, March 18, he sold an additional 4,937 shares at a price of $189.41 each, amounting to about $935,133. The total value of the shares sold over these two days was approximately $1.19 million. The stock currently trades at $196.29, with analysts maintaining a consensus hold rating and a high target of $250.
These sales were conducted under an automatic sale plan pursuant to a 10b5-1 Trading Plan adopted by Rosenbaum on October 15, 2024. The shares sold on March 18 were specifically to cover taxes associated with the settlement of Restricted Stock Units.
Following these transactions, Rosenbaum retains direct ownership of 262,793 shares in Guidewire Software.
In other recent news, Guidewire Software Inc . reported strong financial performance in its second fiscal quarter, surpassing expectations in revenue, Annual Recurring Revenue (ARR), operating income, and free cash flow. The company secured 12 cloud deals during the quarter, a notable increase from the previous year, and successfully closed several full InsuranceSuite deals. Guidewire’s management has updated its guidance for fiscal year 2025, increasing the midpoints for total revenue, ARR, and operating income. Analysts from various firms have maintained their positive outlook on the company, with DA Davidson, Stifel, and Goldman Sachs reiterating Buy ratings, while Citi maintained a Neutral stance with an adjusted price target. Despite a slightly lower-than-expected third-quarter ARR outlook, analysts remain confident in Guidewire’s long-term growth prospects, citing its strong cloud momentum and strategic focus. The property and casualty insurance market, which Guidewire serves, is perceived as stable and improving, further supporting the company’s expansion. Raymond (NSE:RYMD) James and other analysts have highlighted the durability of Guidewire’s growth prospects, emphasizing the company’s increasing long-term visibility and strategic direction.
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