Stock market today: Dow in fresh record close as Powell signals rate cut incoming
John P. Mullen (NASDAQ:MULN), President of Guidewire Software (ETR:SOWGn), Inc. (NYSE:GWRE), has sold 2,300 shares of the company’s common stock, according to a recent filing with the Securities and Exchange Commission. The shares were sold at a price of $203.13 each, totaling approximately $467,199. The transaction comes as Guidewire’s stock has shown remarkable strength, delivering a 70% return over the past year. According to InvestingPro analysis, the company currently appears overvalued, trading at a P/E ratio of 540.
The transaction was conducted on March 3, 2025, as part of an automatic sale under a 10b5-1 Trading Plan that Mullen adopted on October 15, 2024. Following the sale, Mullen retains ownership of 172,446 shares in the company. With Guidewire’s upcoming earnings report scheduled for March 6, InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report for deeper analysis.
Guidewire Software, based in San Mateo, California, is a provider of software products for property and casualty insurers. The company, now valued at $16.4 billion, maintains a strong financial position with a current ratio of 2.66, indicating healthy liquidity to meet its short-term obligations.
In other recent news, Guidewire Software is preparing to announce its fiscal second-quarter results, with analysts from DA Davidson expecting the company to meet or slightly exceed forecasts. This anticipation is reflected in DA Davidson’s reaffirmation of a Buy rating and a price target of $226 for Guidewire. Meanwhile, Goldman Sachs has initiated coverage on Guidewire with a Buy rating and a price target of $210, highlighting the company’s leading role in the P&C insurance industry’s move towards cloud modernization. Guidewire’s inclusion in the S&P MidCap 400 further underscores its strong market position, replacing Arrowhead Pharmaceuticals (NASDAQ:ARWR) in the index.
In another development, Guidewire has added Jeff Sloan to its Board of Directors. Sloan, formerly CEO of Global Payments (NYSE:GPN) Inc., brings extensive experience in financial services and technology to Guidewire’s leadership team. Additionally, Markel Group Inc. (NYSE:MKL) has successfully migrated its Guidewire ClaimCenter to Guidewire Cloud, enhancing its claims management capabilities. This migration is part of Markel’s strategy to improve operational efficiency and customer service through cloud-based technologies. These recent developments demonstrate Guidewire’s strategic positioning and ongoing influence in the insurance technology sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.