FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
Guidewire Software (ETR:SOWGn), Inc. (NYSE:GWRE), the $18.31 billion market cap software company whose stock has surged 96% over the past year, saw CEO Michael George Rosenbaum sell shares worth $301,490, according to a recent SEC filing. The transaction, which took place on June 2, involved the sale of 1,400 shares at a price of $215.35 each. This sale was executed under an automatic trading plan established by Rosenbaum in October 2024. Following the transaction, Rosenbaum retains ownership of 247,393 shares of Guidewire Software. The stock currently trades near its 52-week high of $219.59, having gained 27.68% year-to-date. According to InvestingPro analysis, which offers 12+ additional insights about GWRE, the stock appears to be trading above its Fair Value.
In other recent news, Guidewire Software has been the focus of several analyst reports and strategic developments. Goldman Sachs reiterated its Buy rating for Guidewire, setting a price target of $235, as analysts expect a 19% increase in total revenue for the upcoming fiscal third-quarter 2025 earnings report. Stifel also maintained its Buy rating with a $230 target, highlighting Guidewire’s strong performance and the anticipated increase in spending by insurers on its offerings, driven by the ongoing transition to cloud-based solutions. Conversely, DA Davidson downgraded Guidewire to Neutral, citing the stock’s stretched valuation, though they maintained a $226 price target.
Guidewire’s acquisition of Quantee, a Polish InsurTech startup, was noted by JMP Securities, which upheld a Market Outperform rating with a $250 target, viewing the acquisition as a strategic move to enhance insurance pricing capabilities. RBC Capital Markets identified Guidewire as one of the attractive buys in the software sector following a market downturn due to tariff announcements. The firm emphasized Guidewire’s defensive stance amid potential tariff-related risks. These developments reflect the varied perspectives of analysts on Guidewire’s market position and financial prospects.
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