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Guidewire Software (ETR:SOWGn), Inc. (NYSE:GWRE) President John P. Mullen (NASDAQ:MULN) has sold a significant portion of his holdings in the company, according to a recent SEC filing. The sale comes as the stock trades near its 52-week high of $218.01, having delivered an impressive 93% return over the past year. According to InvestingPro analysis, the stock’s technical indicators suggest it’s currently in overbought territory. On February 3, 2025, Mullen executed two separate transactions, selling a total of 3,000 shares of common stock. The shares were sold at prices ranging from $208.42 to $210.00, bringing the total transaction value to approximately $626,366. The transaction occurred as Guidewire, now valued at over $18 billion, trades at notably high earnings and revenue multiples.
The sales were conducted automatically under a 10b5-1 trading plan, which Mullen adopted on October 15, 2024. Following these transactions, Mullen retains ownership of 174,746 shares in the company. For comprehensive insider trading analysis and 16 additional key insights about GWRE, visit InvestingPro.
In other recent news, Markel Group Inc. (NYSE:MKL) has successfully migrated its Guidewire ClaimCenter to Guidewire Cloud, improving its claims management capabilities. The initiative, led by PwC, aims to streamline operations and enhance customer service. Markel has also begun migrating Guidewire BillingCenter to the cloud and selected ClaimCenter for its International Wholesale operation’s claims management. These steps align with Markel’s strategy to utilize cloud-based technologies for operational efficiency and better data insights.
Guidewire Software, Inc. recently welcomed Jeff Sloan to its Board of Directors. Sloan brings a wealth of experience from his previous role as CEO of Global Payments (NYSE:GPN) Inc., which is expected to contribute to Guidewire’s continued growth and innovation.
Goldman Sachs has initiated coverage on Guidewire Software Inc . with a Buy rating and a 12-month price target of $210. The firm anticipates a compounded annual growth rate of 16% in annual recurring revenue over the next four years for Guidewire. D.A. Davidson also reaffirmed its Buy rating for Guidewire, setting a price target of $226.00. The company was included in D.A. Davidson’s "Best-of-Breed Bison" initiative, highlighting its robust competitive standing and outstanding financial performance.
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