SAN MATEO, CA—King James Winston, the Chief Administrative Officer and Normal Counsel of Guidewire (NYSE:) Software program (ETR:), Inc. (NYSE:GWRE), has offered a portion of his holdings within the firm. In line with a latest submitting, Winston offered 270 shares of frequent inventory on January 15, 2025. The shares had been offered at a worth of $174.78 every, totaling $47,190. The transaction comes as Guidewire, now valued at $14.58 billion, has seen its inventory surge 56.59% over the previous yr, in accordance with InvestingPro information.
Following the transaction, Winston retains 45,664 shares within the firm. This sale was executed routinely underneath a 10b5-1 buying and selling plan, which was adopted by Winston on October 15, 2024. Such plans enable insiders to arrange a predetermined schedule for purchasing or promoting inventory, serving to to keep away from potential conflicts of curiosity. InvestingPro evaluation signifies the corporate maintains sturdy monetary well being with a GOOD general score, whereas analyst targets vary from $135 to $231 per share. Get entry to 12 extra unique ProTips and complete monetary evaluation by InvestingPro’s detailed analysis studies.
In different latest information, Guidewire Software program has been garnering consideration from numerous analyst corporations. D.A. Davidson reaffirmed its Purchase score for the corporate, highlighting its inclusion within the “Greatest-of-Breed Bison” initiative on account of sturdy aggressive positioning and monetary efficiency. That is bolstered by a income development of 13% and a wholesome present ratio of two.66. D.A. Davidson’s worth goal for Guidewire stays regular at $226.00.
On an identical be aware, DA Davidson upgraded Guidewire’s worth goal following a robust fiscal first quarter and up to date fiscal 2025 monetary steering. RBC Capital Markets additionally elevated its worth goal for Guidewire, citing the corporate’s sturdy monetary efficiency and the closing of 5 Tier-1 cloud offers. Nonetheless, BofA Securities maintained its underperform score on Guidewire, regardless of the corporate’s stable efficiency and a robust gross margin growth to 60.8%.
Latest developments additionally embrace Guidewire Software program shareholders approving key proposals, together with the compensation of govt officers and the 2024 Worker Inventory Buy Plan. These latest developments mirror the dynamic nature of Guidewire’s efficiency available in the market.
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