AirNet Technology raises $180 million in digital assets offering
John P. Mullen (NASDAQ:MULN), President of Guidewire Software (ETR:SOWGn), Inc. (NYSE:GWRE), has recently sold 6,116 shares of the company’s common stock. The transaction, dated March 18, 2025, was executed at an average price of $189.41 per share, resulting in a total sale value of approximately $1.16 million. The sale comes amid strong momentum for GWRE shares, which have surged nearly 70% over the past year and gained 8.5% in the past week alone.
According to the filing, the sale was conducted to cover taxes associated with the settlement of Restricted Stock Units. Following this transaction, Mullen retains direct ownership of 166,330 shares in the company. Based on InvestingPro analysis, GWRE appears overvalued at current levels, though 10 analysts have recently revised their earnings estimates upward. For deeper insights into GWRE’s valuation and 12 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Guidewire Software Inc . reported impressive second-quarter earnings, surpassing expectations in revenue, Annual Recurring Revenue (ARR), and operating income, according to multiple analysts. The company closed 12 cloud deals, marking an increase from the previous year, with five deals involving new customers. Guidewire’s management has revised its fiscal 2025 forecasts upward, increasing midpoints for total revenue, ARR, and operating income. Analysts from DA Davidson, Stifel, and Goldman Sachs maintained their Buy ratings, with price targets of $226, $230, and $235, respectively, citing strong cloud momentum and strategic market positioning. Raymond (NSE:RYMD) James also reaffirmed an Outperform rating with a $225 price target, highlighting the company’s durable growth prospects and healthy market conditions.
Despite the positive performance, some analysts noted that the third-quarter ARR outlook was slightly below expectations due to the timing of deal closures. Citi analyst Tyler Radke adjusted the price target to $199, maintaining a Neutral rating, citing valuation concerns and profitability metrics lagging behind industry peers. The analysts generally express confidence in Guidewire’s strategic direction, with Goldman Sachs noting potential long-term market share gains and a strong renewal pipeline. Guidewire’s focus on cloud-based services and its success in securing comprehensive suite deals underscore its robust market presence and appeal among insurers.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.