SAN MATEO, CA—Michael George Rosenbaum, the Chief Executive Officer of Guidewire (NYSE:GWRE) Software (ETR:SOWGn), Inc. (NYSE:GWRE), has sold 5,932 shares of the company’s common stock. The transaction took place on December 17, with shares sold at an average price of $171.06, totaling approximately $1,014,723.
Following this sale, Rosenbaum retains direct ownership of 281,730 shares in the company. The transaction was executed to cover taxes associated with the settlement of Restricted Stock Units, as noted in the filing. According to InvestingPro analysis, Guidewire maintains a GOOD financial health score, with liquid assets exceeding short-term obligations.
Guidewire Software, headquartered in San Mateo, California, is known for providing technology solutions to the insurance industry. The company's stock has shown strong momentum, gaining over 58% year-to-date. Discover more insights about Guidewire's performance metrics and 12 additional ProTips with InvestingPro.
In other recent news, Guidewire Software, Inc. has been making headlines with its strong financial performance and investor decisions. In a recent annual meeting, shareholders approved key proposals including the compensation of executive officers and the 2024 Employee Stock Purchase Plan. The company also saw a healthy current ratio of 2.66 and a revenue growth of 12.92% in the past year, according to InvestingPro's analysis.
Guidewire has also been the focus of several analysts' reports. DA Davidson raised its price target for the company following a robust fiscal first-quarter performance, maintaining a Buy rating. In contrast, BofA Securities kept its Underperform rating despite the company's solid performance and strong gross margin expansion. RBC Capital Markets and Stifel also increased their price targets for Guidewire, citing the company's strong financial performance and the closing of several Tier-1 cloud deals.
These recent developments underscore the company's ongoing growth and the confidence of various analyst firms in its future performance.
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