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SAN MATEO, CA—King James Winston, the Chief Administrative Officer and Normal Counsel of Guidewire (NYSE:GWRE) Software program (ETR:SOWGn), Inc. (NYSE:GWRE), has offered a portion of his holdings within the firm. In keeping with a current submitting, Winston offered 270 shares of widespread inventory on January 15, 2025. The shares have been offered at a worth of $174.78 every, totaling $47,190. The transaction comes as Guidewire, now valued at $14.58 billion, has seen its inventory surge 56.59% over the previous 12 months, based on InvestingPro information.
Following the transaction, Winston retains 45,664 shares within the firm. This sale was executed robotically beneath a 10b5-1 buying and selling plan, which was adopted by Winston on October 15, 2024. Such plans permit insiders to arrange a predetermined schedule for purchasing or promoting inventory, serving to to keep away from potential conflicts of curiosity. InvestingPro evaluation signifies the corporate maintains robust monetary well being with a GOOD general score, whereas analyst targets vary from $135 to $231 per share. Get entry to 12 further unique ProTips and complete monetary evaluation by InvestingPro’s detailed analysis stories.
In different current information, Guidewire Software program has been garnering consideration from numerous analyst companies. D.A. Davidson reaffirmed its Purchase score for the corporate, highlighting its inclusion within the “Finest-of-Breed Bison” initiative attributable to strong aggressive positioning and monetary efficiency. That is bolstered by a income progress of 13% and a wholesome present ratio of two.66. D.A. Davidson’s worth goal for Guidewire stays regular at $226.00.
On an identical observe, DA Davidson upgraded Guidewire’s worth goal following a robust fiscal first quarter and up to date fiscal 2025 monetary steering. RBC Capital Markets additionally elevated its worth goal for Guidewire, citing the corporate’s robust monetary efficiency and the closing of 5 Tier-1 cloud offers. Nevertheless, BofA Securities maintained its underperform score on Guidewire, regardless of the corporate’s stable efficiency and a robust gross margin enlargement to 60.8%.
Latest developments additionally embody Guidewire Software program shareholders approving key proposals, together with the compensation of government officers and the 2024 Worker Inventory Buy Plan. These current developments mirror the dynamic nature of Guidewire’s efficiency out there.
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