SAN MATEO, CA—Michael George Rosenbaum, Chief Executive Officer of Guidewire Software Inc . (NYSE:GWRE), recently sold 1,400 shares of the company's common stock. The sale, executed on January 21, 2025, was completed at a price of $179.91 per share, totaling $251,874. The transaction comes as Guidewire, now valued at $15.2 billion, has delivered impressive returns of over 57% in the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with strong financial health metrics.
Following this transaction, Rosenbaum retains direct ownership of 278,930 shares in the company. The sale was carried out under an automatic 10b5-1 trading plan, which Rosenbaum adopted on October 15, 2024. The company maintains healthy liquidity with a current ratio of 2.66, and InvestingPro subscribers can access 12 additional key insights about Guidewire's financial position and growth prospects through the comprehensive Pro Research Report.
In other recent news, Guidewire Software (ETR:SOWGn)'s impressive financial performance, marked by a 13% revenue growth, has garnered attention from various analyst firms. D.A. Davidson reaffirmed its Buy rating for the company, highlighting its robust competitive position and inclusion in their "Best-of-Breed Bison" initiative. In addition, the firm left its price target for Guidewire unchanged at $226.00, reflecting a steady positive outlook.
On the other hand, BofA Securities maintained its Underperform rating on Guidewire despite the company's solid performance and strong gross margin expansion to 60.8%. RBC Capital Markets and Stifel raised their price targets citing Guidewire's strong financial performance and the closing of significant cloud deals.
In other company news, Guidewire's shareholders approved key proposals, including the compensation of executive officers and the 2024 Employee Stock Purchase Plan. These are recent developments that provide insight into Guidewire's current state and future direction.
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