San Mateo, California – King James Winston, Managing Director and General Counsel of Guidewire (NYSE:) programming (ETR:), Inc. (NYSE:GWRE), sold part of its holdings 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 per share, for a total of $47,190. The deal comes as Guidewire, now worth $14.58 billion, has seen its shares rise 56.59% over the past year, according to InvestingPro Data.
After the deal, Winston will retain 45,664 shares in the company. This sale was executed automatically under a 10b5-1 trading plan, which Winston adopted on October 15, 2024. These plans allow insiders to set up a pre-determined schedule for buying or selling shares, which helps avoid potential conflicts of interest. InvestingPro The analysis indicates 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 ProTips and comprehensive financial analysis with InvestingPro's detailed research reports.
In other recent news, Guidewire Software has received attention from several analytics firms. DA Davidson reaffirmed the company's Buy rating, highlighting its inclusion in the “Best-of-Bed Bison” initiative due to its strong competitive position and financial performance. This is supported by revenue growth of 13% and a healthy current ratio of 2.66. DA Davidson's price target for Guidewire remains steady at $226.00.
On a similar note, DA Davidson upgraded its price target for Guidewire following a strong fiscal first quarter and updated financial guidance for fiscal 2025. RBC Capital Markets also raised its price target for Guidewire, citing the company's strong financial performance 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 Guidewire Software shareholders' approval of key proposals, including executive compensation and a 2024 employee stock purchase plan. These latest developments reflect the dynamic nature of Guidewire's performance in the market.
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