SAN MATEO, CA—Guidewire (NYSE:GWRE) Software (ETR:SOWGn), Inc. (NYSE:GWRE), a $14.3 billion market cap software provider, recently disclosed that its Chief Financial Officer, Jeffrey Elliott Cooper, sold a total of 3,897 shares of the company's common stock across two transactions. The sales, detailed in a Form 4 filing with the Securities and Exchange Commission, took place on December 17 and December 19, 2024. According to InvestingPro data, the stock has delivered an impressive 63.6% return over the past year.
On December 17, Cooper sold 2,828 shares at an average price of $171.06, amounting to $483,755. This particular transaction was conducted to cover taxes associated with the settlement of Restricted Stock Units, as noted in the filing. Following this sale, Cooper retained ownership of 74,911 shares.
A subsequent sale occurred on December 19, where Cooper sold an additional 1,069 shares at a higher average price of $174.43, totaling $186,465. This transaction was executed automatically under a 10b5-1 Trading Plan, which Cooper adopted on October 12, 2023. Post-transaction, Cooper's holdings stood at 73,842 shares.
These transactions reflect routine financial planning activities by the executive, as Cooper continues to hold a significant stake in the company. Guidewire Software, a provider of software products for property and casualty insurers, is headquartered in San Mateo, California. For comprehensive analysis and additional insights, investors can access detailed Fair Value calculations and 11 more exclusive ProTips through InvestingPro's in-depth research report.
In other recent news, Guidewire Software, Inc. has been the center of attention for various analysts. DA Davidson raised its price target for Guidewire, maintaining a Buy rating on the stock, following a strong fiscal first-quarter performance and updated fiscal 2025 financial guidance. Conversely, 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 increased its price target for Guidewire, citing the company's strong financial performance and the closing of five Tier-1 cloud deals. Similarly, Stifel also raised its price target, noting Guidewire's strong start to the fiscal year, underlined by nine cloud deals, including five with Tier 1 clients.
In other recent developments, shareholders of Guidewire Software approved key proposals at the company's annual meeting, including the compensation of the company's named executive officers and the Guidewire Software, Inc. 2024 Employee Stock Purchase Plan. The election of directors was met with significant support, with several key figures securing their positions for the upcoming term. The company maintains a strong financial position, with a healthy current ratio of 2.66 and revenue growth of 12.92% in the last twelve months.
These are the recent highlights for Guidewire Software, providing investors with an understanding of the company's current situation based on recent news items. Please note that all information provided is based on past articles and independent sources, and does not represent the author's personal opinions or predictions.
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