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Michael George Rosenbaum, CEO of Guidewire Software Inc . (NYSE:GWRE), recently sold 1,400 shares of the company’s common stock. The shares were sold at a price of $184.41 each, totaling approximately $258,174. The transaction comes as Guidewire, now valued at $15.7 billion, has delivered an impressive 60% return over the past year. According to InvestingPro analysis, the stock is currently trading above its Fair Value. This transaction was conducted under an automatic sale plan, known as a 10b5-1 Trading Plan, which Rosenbaum adopted in October 2024. Following this sale, Rosenbaum retains ownership of 259,993 shares in the company. InvestingPro data shows the company maintaining strong revenue growth of 17% and a "GOOD" overall financial health rating. Subscribers can access 12 additional ProTips and a comprehensive Pro Research Report for deeper insights into GWRE’s valuation and prospects.
In other recent news, Guidewire Software (ETR:SOWGn) has announced a definitive agreement to acquire Quantee, a Polish InsurTech startup, in a move aimed at enhancing its insurance pricing capabilities. This acquisition is expected to bring product innovation and talent to Guidewire, aligning with its strategy to strengthen its market position. Following the earnings report for the second fiscal quarter, several analyst firms have maintained their positive outlooks on Guidewire. DA Davidson reiterated a Buy rating with a $226 price target, noting that Guidewire’s revenue, Annual Recurring Revenue (ARR), and Non-GAAP operating income exceeded expectations, and the company closed 12 cloud deals during the quarter.
Stifel also maintained a Buy rating with a $230 price target, citing strong subscription and support revenue growth and a favorable full-year financial update. Despite a slightly lower-than-expected ARR outlook for the third fiscal quarter, Stifel remains confident in Guidewire’s cloud momentum. Raymond (NSE:RYMD) James kept an Outperform rating and a $225 price target, emphasizing the company’s strong financial performance and durable growth prospects in the cloud sector. Goldman Sachs adjusted its price target to $235 from $240, while maintaining a Buy rating, highlighting Guidewire’s achievements in cloud deals and cloud migrations. These recent developments reflect a generally positive sentiment among analysts regarding Guidewire’s strategic direction and financial health.
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