Guidewire software program president sells $147,000 in inventory

SAN MATEO, CA—John P. Mullen (NASDAQ:MULN), President of Guidewire Software program (ETR:SOWGn), Inc. (NYSE:GWRE), just lately bought 700 shares of the corporate’s frequent inventory, based on a submitting with the Securities and Change Fee. The shares have been bought at a worth of $210 every, totaling $147,000. The sale comes as Guidewire trades close to its 52-week excessive of $212, having delivered a formidable 83.66% return over the previous yr. InvestingPro evaluation signifies the inventory is at present buying and selling above its Truthful Worth. This transaction was executed as a part of an computerized sale underneath a 10b5-1 Buying and selling Plan, which Mullen adopted on October 15, 2024. Following this sale, Mullen retains possession of 177,746 shares in Guidewire Software program. With a market capitalization of $17.16 billion and anticipated web revenue progress this yr, Guidewire maintains robust fundamentals. For deeper insights into Guidewire’s valuation and 15+ extra unique InvestingPro Suggestions, plus complete Professional Analysis Experiences masking 1,400+ high shares, think about accessing the complete evaluation on InvestingPro.

In different latest information, Guidewire Software program has seen a number of optimistic developments. The corporate’s inclusion within the S&P MidCap 400 was met with a surge in inventory, bolstered by Goldman Sachs initiating protection with a Purchase ranking and a worth goal of $210. Analysts at Goldman Sachs highlighted Guidewire’s main position within the property and casualty insurance coverage trade’s shift in direction of cloud modernization, with the corporate capturing over 60% market share by Direct Written Premium (DWP).

Moreover, D.A. Davidson reaffirmed its Purchase ranking for Guidewire, setting a worth goal of $226. The agency included Guidewire of their “Finest-of-Breed Bison” initiative, spotlighting top-tier firms with robust financials and aggressive standings. This reaffirmation got here following Guidewire’s spectacular fiscal first-quarter efficiency and up to date fiscal 2025 monetary steering.

Guidewire’s shareholders additionally authorised key proposals, together with the compensation of govt officers and the 2024 Worker Inventory Buy Plan. This growth displays the shareholders’ belief within the firm’s governance and monetary metrics.

RBC Capital Markets and Stifel each elevated their worth targets for Guidewire, citing the corporate’s robust monetary efficiency and the closing of a number of Tier-1 cloud offers. Regardless of these optimistic developments, BofA Securities maintained its underperform ranking, indicating a divergence in analyst opinions.

These latest developments spotlight the dynamic nature of Guidewire’s efficiency available in the market, with its robust financials and aggressive standing incomes recognition from traders and analysts alike.

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