John P. Mullen, President of Guidewire Software, sold 18,000 ordinary shares in two automated transactions totaling more than $3.3 million, disclosures show.
The first tranche of 16,200 shares was sold on August 19 at $185.00 per share, while the second tranche of 1,800 shares was sold on August 25 at $188.46 per share. The transactions were executed under a Rule 10b5-1 trading plan adopted by Mullen on October 14, 2025, and amended on January 13, 2026. Following the sales, Mullen retains direct ownership of 113,115 ordinary shares.
Guidewire’s stock has appreciated 31% over the past six months and was trading near $191.07 at the time of the sales, though another market source cited a price of $204.56 as of August 26. The company’s Annual Recurring Revenue reached $1.147 billion, up 19% year-over-year.
Analysts remain divided on valuation. Stifel raised its price target to $225 with a buy rating, citing expectations for a strong fourth-quarter ARR performance. Piper Sandler initiated coverage with an overweight rating and a $210 target, highlighting growth in subscription revenue from cloud migrations. Guggenheim initiated with a buy rating and a $180 target, emphasizing Guidewire’s position in the Property and Casualty Insurance sector. Wells Fargo, however, lowered its target to $190 while maintaining a sell rating after third-quarter results fell slightly short of expectations.
Separately, Germania Mutual Insurance has expanded its use of Guidewire’s AI assistant, ProNavigator, for underwriting and claims processes, a deployment that began in 2021.
