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Michael George Rosenbaum, the Chief Executive Officer of Guidewire Software (ETR:SOWGn), Inc. (NYSE:GWRE), recently sold 1,400 shares of the company’s common stock. The transaction took place on April 7, 2025, at a price of $167.82 per share, resulting in a total sale value of $234,948.
Following this sale, Rosenbaum retains ownership of 258,593 shares in the company. The sale was conducted automatically as part of a 10b5-1 trading plan, which Rosenbaum had adopted on October 15, 2024. This type of plan allows company insiders to set up a predetermined schedule for selling stocks, helping to avoid any potential conflicts with insider trading regulations. With a "GOOD" financial health score and ten analysts revising earnings upward, InvestingPro subscribers can access 11 additional exclusive insights about Guidewire's financial outlook in the comprehensive Pro Research Report.
In other recent news, Guidewire Software has been in the spotlight following its fiscal second-quarter earnings report, which exceeded expectations for total revenue, Annual Recurring Revenue (ARR), and Non-GAAP operating income. DA Davidson, Stifel, and Raymond (NSE:RYMD) James have all maintained their positive ratings on Guidewire, citing strong performance and strategic cloud-based initiatives. Guidewire's management has revised its financial forecasts for fiscal 2025, raising midpoints for total revenue, ARR, and Non-GAAP operating income. The company closed 12 cloud deals in the quarter, with five involving new customers, reflecting its expanding market presence.
Additionally, Guidewire announced the acquisition of Quantee, a Polish InsurTech startup, to enhance its insurance pricing capabilities. JMP Securities reiterated a Market Outperform rating and a $250 price target for Guidewire, highlighting the strategic value of the acquisition. RBC Capital Markets also identified Guidewire as a strong candidate for investment amid recent market downturns, emphasizing the company's defensive stance. These developments underscore Guidewire's efforts to bolster its product offerings and maintain competitiveness in the evolving InsurTech landscape.
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