John P. Mullen (NASDAQ: ), Chairman of Guidewire (NYSE: ) Software (ETR:), Inc. (NYSE:GWRE), sold the company’s stock on January 15, 2025. The transaction comes as Guidewire, currently valued at $14.58 billion, has returned an impressive 56.59% over the past year, with shares trading near a 52-week high of $209.15. According to the SEC filing, Mullen sold 2,300 shares of common stock at a price of $174.78 per share, for a total transaction value of $401,994. This sale was made as part of an automated trading plan established by Rule 10b5-1, which Mullen adopted on October 15, 2024. Following this transaction, Mullen directly holds 178,446 shares. According to InvestingPro analysis, Guidewire maintains a GOOD financial health rating, although current metrics suggest the stock may be trading above its fair value. Discover 12 additional exclusive pro tips and comprehensive valuation metrics with InvestingPro.
In other recent news, Guidewire Software has witnessed significant development. DA Davidson reaffirmed a buy rating on shares of Guidewire, with a $226.00 target price, noting the company’s strong competitive position and outstanding financial performance. The firm’s analysts included Guidewire in its “Best-of-Breed Bison” initiative, which seeks to highlight top companies.
Guidewire Software shareholders approved key proposals, including executive compensation and a 2024 stock purchase plan. The company’s good financial health is highlighted by a healthy current ratio of 2.66 and revenue growth of 12.92% over the last twelve months.
Analysts were active in their assessment of Guidewire. DA Davidson raised its price target for Guidewire following a strong fiscal first quarter and updated fiscal 2025 financial guidance, maintaining a buy rating. However, BofA Securities maintained its underperform rating despite the company’s strong performance and a strong increase in gross margin to 60.8%.
RBC Capital Markets raised its price target on Guidewire citing the company’s strong financial results and the closing of five Tier-1 cloud deals. Stifel also raised its price target, citing Guidwire’s strong start to the fiscal year, highlighted by nine cloud contracts, including five with Tier 1 clients. These recent developments reflect the dynamic nature of Guidewire’s performance in the marketplace.
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