Guidewire Software CEO John P. Mullen Sells $1.23 Million Stock By Investing.com

The sale was made to cover taxes associated with the settlement of restricted stock units. Following this transaction, Mullen (NASDAQ:) will directly own 182,096 shares. according to InvestingProGuidewire (NYSE:) maintains a “Good” financial health rating, with an additional 12 key insights available to subscribers through a comprehensive Pro Research report. according to InvestingProGuidewire maintains a “Good” financial health rating, with an additional 12 key insights available to subscribers through the comprehensive Pro Research Report. The sale was made to cover taxes associated with the settlement of restricted stock units. Following this transaction, Mullen directly owns 182,096 shares.

In other recent news, Guidewire programming (ETR:) has been a focal point for financial analysts following important developments within the company. The company’s shareholders approved important proposals, including executive compensation and an employee stock purchase plan for 2024. The company also showed a strong financial position, with a current ratio of 2.66 and 12.92% growth in revenue over the past year, according to an analysis by InvestingPro.

Guidewire has also been the subject of various analyst reports. DA Davidson upgraded its price target on Guidewire, while maintaining a Buy rating, following strong first-quarter financial performance and a review of its fiscal 2025 financial guidance. Conversely, BofA Securities maintained its Underperform rating on Guidewire, despite strong performance. The company’s gross profit margin expanded to 60.8%.

RBC Capital Markets and Stifel also revised their price targets for Guidewire. RBC cited the company’s strong financial performance and the closing of five Tier 1 cloud deals as reasons for the upgrade, while Stifel pointed to Guidewire’s strong start to the fiscal year, highlighted by nine cloud deals, including five with Tier 1 customers. This is the latest in a series of recent developments for Guidewire.

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