Cardiff Oncology shares plunge after Q2 earnings miss
Guidewire Software (ETR:SOWGn), Inc. (NYSE:GWRE) Chief Financial Officer Jeffrey Elliott Cooper recently sold shares in a series of transactions totaling $777,553, according to a Form 4 filing with the Securities and Exchange Commission. The sales come as the company’s stock has delivered an impressive 73% return over the past year, according to InvestingPro data.
On March 18, Cooper sold 1,956 shares of common stock at an average price of $189.41 per share, amounting to $370,492. This sale was conducted to cover taxes associated with the settlement of restricted stock units. InvestingPro analysis shows Guidewire maintains a strong financial health score of GOOD, with liquid assets exceeding short-term obligations.
On March 19, Cooper executed further sales under an automatic plan established on October 15, 2024. These transactions involved the sale of 2,107 shares at prices ranging from $191.33 to $194.98 per share, totaling $407,061. Following these transactions, Cooper holds 69,431 shares directly.
These sales were part of a pre-arranged trading plan, reflecting a common practice among executives to manage their stock portfolios for personal financial planning.
In other recent news, Guidewire Software Inc . reported strong financial results for its fiscal second quarter, with total revenue, Annual Recurring Revenue (ARR), and Non-GAAP operating income surpassing expectations. The company secured 12 new cloud deals, including significant wins with new customers, and increased its guidance for fiscal 2025. Analysts from DA Davidson, Stifel, Raymond (NSE:RYMD) James, and Goldman Sachs maintained their positive outlooks on Guidewire, with price targets ranging from $225 to $235, reflecting confidence in the company’s strategic direction and financial health. Goldman Sachs noted Guidewire’s potential for long-term market share gains, while Stifel highlighted the company’s strong subscription and support revenue growth.
Despite a slight shortfall in third-quarter ARR projections, analysts remain optimistic about Guidewire’s ongoing cloud momentum and its impact on future financial results. Raymond James emphasized the company’s broad range of bookings and durable growth prospects, supported by the healthy property and casualty insurance market. Meanwhile, Citi adjusted its price target to $199, maintaining a neutral stance due to concerns over Guidewire’s valuation and profitability metrics compared to industry peers. Overall, Guidewire’s recent performance and strategic initiatives have garnered positive attention from analysts, with expectations for continued growth and expansion in the cloud services sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.