SAN MATEO, CA—King James Winston, Chief Administrative Officer and General Counsel of Guidewire (NYSE:) Software (ETR:), Inc. (NYSE:GWRE), sold part of its stake in the company. According to a recent filing, Winston sold 270 shares of common stock on January 15, 2025. The shares were sold at $174.78 each, for a total of $47,190. The transaction comes as Guidewire, now valued at $14.58 billion, has seen its shares rise 56.59% over the past year, according to InvestingPro data.
Following the transaction, Winston retains 45,664 shares in the company. This sale was made automatically under a 10b5-1 trading plan, which Winston adopted on October 15, 2024. Such plans allow insiders to set a predetermined schedule for buying or selling shares, helping to avoid potential conflicts of interest. InvestingPro Analysis shows that the company maintains strong financial health with a GOOD overall rating, while analyst targets range from $135 to $231 per share. Get access to 12 additional exclusive professional tips and comprehensive financial analysis through InvestingPro’s detailed research reports.
In other recent news, Guidewire Software is attracting the attention of various analytics firms. DA Davidson reaffirmed its Buy rating on the company, noting its inclusion in the “Best-of-Breed Bison” initiative for its strong competitive positioning and financial results. This is supported by 13% revenue growth and a healthy current ratio of 2.66. DA Davidson’s price target for Guidewire remains steady at $226.00.
Similarly, DA Davidson upgraded Guidewire’s price target following a strong fiscal first quarter and updated fiscal 2025 financial guidance. RBC Capital Markets also raised its price target for Guidewire, citing the company’s strong financial results 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 strong gross margin expansion to 60.8%.
Recent developments also include the approval of key Guidewire Software shareholder proposals, including executive compensation and the 2024 employee stock purchase plan. These recent developments reflect the dynamic nature of Guidewire’s performance in the marketplace.
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