The chief executive officer of Guidewire software sells $47,190 worth of stock Via Investing.com

SAN MATEO, CA—King James Winston, Chief Operating Officer and General Counsel of Guidewire (NYSE: Software (ETR :), Inc. (NYSE:GWRE), has sold a portion of his holdings in the company. According to the latest filing, Winston sold 270 shares of common stock on January 15, 2025. The shares were sold at a price of $174.78 each, which is $47,190. The move comes as Guidewire, now valued at $14.58 billion, has seen its stock rise 56.59% over the past year, according to InvestingPro data.

After the transaction, Winston still owns 45,664 shares in the company. The sale was made automatically under a 10b5-1 business plan, which was approved by Winston on October 15, 2024. Such plans allow insiders to create a predetermined schedule. of buying or selling property, to help avoid potential conflicts of interest. InvestingPro the review shows the company maintains strong financial health with an overall GOOD rating, while analyst targets range from $135 to $231 per share. Get 12 more exclusive ProTips and comprehensive financial analysis with InvestingPro’s detailed research reports.

In other recent news, Guidewire Software has been receiving attention from various analyst firms. DA Davidson affirmed its Buy rating for the company, highlighting its inclusion in the “Best-of-Breed Bison” program due to strong competitive conditions and financial performance. This is bolstered by revenue growth of 13% and a healthy ratio of 2.66. DA Davidson’s price objective for Guidewire remains unchanged at $226.00.

In a related update, DA Davidson upgraded Guidewire’s price target based on the first fiscal quarter and revised fiscal 2025 guidance. RBC Capital Markets also increased its price target for Guidewire, citing the company’s strong financial performance and the closing of five Tier-1 cloud deals. However, BofA Securities maintained its underperform rating on Guidewire, despite the company’s strong performance and a strong rate increase to 60.8%.

Recent developments also include Guidewire Software shareholders accepting key proposals, including executive compensation and the 2024 Employee Stock Purchase Plan. These recent developments demonstrate Guidewire’s strong performance in the market.

This article was created with the support of AI and reviewed by the editor. For more details, see our T&C.