Guidewire Software (ETR:SOWGn), Inc. (NYSE:GWRE), a software company with a market capitalization of $14.66 billion and an impressive 63.7% stock price gain over the past year, saw its President John P. Mullen (NASDAQ:MULN) sell 1,350 shares of the company's common stock, according to a recent SEC filing. The shares were sold at an average price of $170.43 each, amounting to a total transaction value of $230,080. This transaction was executed automatically as part of a 10b5-1 trading plan that Mullen adopted earlier this year, on January 12, 2024. Following this sale, Mullen retains ownership of 180,746 shares in the company. According to InvestingPro data, Guidewire maintains a strong financial health score and robust liquidity position, with current assets exceeding short-term obligations by 2.66x. For comprehensive insider trading analysis and 11 additional key insights about GWRE, subscribers can access the full Pro Research Report.
In other recent news, Guidewire Software Inc (NYSE:GWRE). has seen significant developments, with investors approving key proposals at the annual meeting. Notably, the company's shareholders approved the compensation of the named executive officers and the 2024 Employee Stock Purchase Plan. The company's financial position remains strong, with a current ratio of 2.66 and a revenue growth of 12.92% in the last twelve months.
In the realm of analyst ratings, DA Davidson raised its price target for Guidewire following a strong fiscal first-quarter performance, maintaining a Buy rating. However, BofA Securities maintained its Underperform rating despite the solid performance. RBC Capital Markets and Stifel also increased their price targets for Guidewire, citing the company's solid financial performance and strong cloud deals.
These are recent developments, and investors are advised to consider these factors in their decision-making process. However, it's important to remember that these are analyst projections and actual results may vary.
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