SAN MATEO, CA—King James Winston, the Chief Administrative Officer and General Counsel of Guidewire (NYSE:) Software (ETR:), Inc. (NYSE:GWRE), has sold a portion of his 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 a price of $174.78 each, totaling $47,190. The transaction comes as Guidewire, now valued at $14.58 billion, has seen its stock surge 56.59% over the past year, according to InvestingPro data.
Following the transaction, Winston retains 45,664 shares in the company. This sale was executed automatically under a 10b5-1 trading plan, which was adopted by Winston on October 15, 2024. Such plans allow insiders to set up a predetermined schedule for buying or selling stock, helping to avoid potential conflicts of interest. InvestingPro analysis indicates 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 through InvestingPro’s detailed research reports.
In other recent news, Guidewire Software has been garnering attention from various analyst firms. D.A. Davidson reaffirmed its Buy rating for the company, highlighting its inclusion in the “Best-of-Breed Bison” initiative due to robust competitive positioning and financial performance. This is bolstered by a revenue growth of 13% and a healthy current ratio of 2.66. D.A. Davidson’s price target for Guidewire remains steady at $226.00.
On a similar note, DA Davidson upgraded Guidewire’s price target following a strong fiscal first quarter and updated fiscal 2025 financial guidance. RBC Capital Markets also increased 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 solid performance and a strong gross margin expansion to 60.8%.
Recent developments also include Guidewire Software shareholders approving key proposals, including the compensation of executive officers and the 2024 Employee Stock Purchase Plan. These recent developments reflect the dynamic nature of Guidewire’s performance in the market.
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