SAN MATEO, CA—Jeffrey Elliott Cooper, CFO of Guidewire (NYSE: Software (ETR:), Inc. (NYSE:GWRE), recently sold shares in the company, according to a filing with the Securities and Exchange Commission. The transaction, which took place on January 15, involved the sale of 300 shares of common stock at a price of $174.78 per share, for a total of $52,434. The sale comes as Guidewire, currently valued at $14.58 billion, has shown strong momentum with a return of 56.59% over the past year.
The sale was made pursuant to a 10b5-1 automated trading plan, which Cooper adopted on October 15, 2024. Following this transaction, Cooper retains direct ownership of 73,494 shares of Guidewire Software. According to InvestingPro analysis, the company maintains a “GOOD” overall financial health rating, with liquid assets exceeding current liabilities.
Investors often monitor insider trading activity for potential insights into a company’s prospects, although such transactions may be planned well in advance and may not necessarily reflect the insider’s view of the company’s future performance.
In other recent news, DA Davidson reaffirmed a buy rating, setting a $226.00 price target on Guidewire Software. This decision underscores Guidewire’s competitive positioning and strong financial results, including 13% revenue growth. In addition, the company is included in the “Best-of-Breed Bison” initiative, a list of top companies with strong financial health.
Guidewire Software shareholders also approved key proposals, including executive compensation and the 2024 employee stock purchase plan. These approvals indicate a strong consensus among shareholders regarding the direction of the company.
Analyst notes from various companies gave different answers. While DA Davidson raised its price target on Guidewire, BofA Securities maintained its underperform rating. On the other hand, RBC Capital Markets raised its price target, citing strong financial results and successful cloud offerings.
This is one of the recent developments for Guidewire Software, indicating a dynamic and evolving market performance.
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