SAN MATEO, CA—John P. Mullen (NASDAQ:MULN), President of Guidewire Software (ETR:SOWGn), Inc. (NYSE:GWRE), recently sold 700 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $210 each, totaling $147,000. The sale comes as Guidewire trades near its 52-week high of $212, having delivered an impressive 83.66% return over the past year. InvestingPro analysis indicates the stock is currently trading above its Fair Value. This transaction was executed as part of an automatic sale under a 10b5-1 Trading Plan, which Mullen adopted on October 15, 2024. Following this sale, Mullen retains ownership of 177,746 shares in Guidewire Software. With a market capitalization of $17.16 billion and expected net income growth this year, Guidewire maintains strong fundamentals. For deeper insights into Guidewire's valuation and 15+ additional exclusive InvestingPro Tips, plus comprehensive Pro Research Reports covering 1,400+ top stocks, consider accessing the full analysis on InvestingPro.
In other recent news, Guidewire Software has seen several positive developments. The company's inclusion in the S&P MidCap 400 was met with a surge in stock, bolstered by Goldman Sachs initiating coverage with a Buy rating and a price target of $210. Analysts at Goldman Sachs highlighted Guidewire's leading role in the property and casualty insurance industry's shift towards cloud modernization, with the company capturing over 60% market share by Direct Written Premium (DWP).
Furthermore, D.A. Davidson reaffirmed its Buy rating for Guidewire, setting a price target of $226. The firm included Guidewire in their "Best-of-Breed Bison" initiative, spotlighting top-tier companies with strong financials and competitive standings. This reaffirmation came following Guidewire's impressive fiscal first-quarter performance and updated fiscal 2025 financial guidance.
Guidewire's shareholders also approved key proposals, including the compensation of executive officers and the 2024 Employee Stock Purchase Plan. This development reflects the shareholders' trust in the company's governance and financial metrics.
RBC Capital Markets and Stifel both increased their price targets for Guidewire, citing the company's strong financial performance and the closing of several Tier-1 cloud deals. Despite these positive developments, BofA Securities maintained its underperform rating, indicating a divergence in analyst opinions.
These recent developments highlight the dynamic nature of Guidewire's performance in the market, with its strong financials and competitive standing earning recognition from investors and analysts alike.
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