Guidewire software CEO sells shares worth $238,056

Michael George Rosenbaum, the Chief Executive Officer of Guidewire Software (ETR:SOWGn), Inc. (NYSE:GWRE), recently sold 1,400 shares of common stock, according to a filing with the Securities and Exchange Commission. The sale comes as the stock has experienced an 11.75% decline over the past week, though it maintains a strong 47% gain over the last year. According to InvestingPro analysis, the company shows good financial health with liquid assets exceeding short-term obligations. The shares were sold at a price of $170.04 each, totaling $238,056. This transaction was conducted as part of an automatic sale under a 10b5-1 trading plan that Rosenbaum adopted on October 15, 2024. Following this sale, Rosenbaum retains direct ownership of 269,130 shares in the company. With analysts revising earnings upward and net income expected to grow, InvestingPro subscribers can access 10+ additional exclusive insights about Guidewire’s future prospects through detailed Pro Research Reports.

In other recent news, Guidewire Software Inc . reported strong fiscal second-quarter results, surpassing expectations in revenue, Annual Recurring Revenue (ARR), and operating income. The company secured 12 cloud deals during the quarter, including significant new customer acquisitions and InsuranceSuite wins. As a result, Guidewire has revised its fiscal year 2025 guidance upward for revenue, ARR, and operating income. Several analysts have responded to these developments with updated ratings and price targets. DA Davidson maintained a Buy rating with a $226 target, highlighting the company’s successful expansion of cloud deals. Stifel also reiterated a Buy rating, setting the price target at $230, citing robust cloud momentum and strategic cloud-based services. Meanwhile, Raymond (NSE:RYMD) James kept an Outperform rating with a $225 target, pointing to Guidewire’s durable growth prospects and favorable market position. Goldman Sachs adjusted its target to $235, maintaining a Buy rating, and noted the company’s potential for long-term market share gains. In contrast, Citi raised its target to $199 but maintained a Neutral stance, expressing caution over valuation concerns despite the positive performance.

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