Guidewire CEO Rosenbaum Sells Shares

Guidewire Software CEO Michael Rosenbaum sold 1,200 shares of Guidewire Software common stock on multiple occasions during 2026, including on July 13, July 27, and August 3, under a pre-arranged Rule 10b5-1 trading plan adopted on October 14, 2025. The sales were small, representing less than 1% of his holdings, and were part of a series of routine weekly sales. Following the August 3 sale, Rosenbaum directly held 191,376 shares. The sales were disclosed in SEC Form 4 filings. Guidewire Software, a provider of software for property and casualty insurers, reported strong fiscal third-quarter results with revenue up 27% to $373 million and annual recurring revenue up 19% to $1.147 billion, though the results slightly missed expectations. Several analysts adjusted their price targets: Wells Fargo lowered to $190 (Underweight), Stifel to $200 (Buy), RBC Capital to $215 (Outperform), D.A. Davidson & Co. to $222 (Buy), and Citizens JMP to $220 (Market Outperform). Guggenheim initiated coverage with a Buy and $180 target. Zacks downgraded the stock to Hold. Institutional investors including Geode Capital, Stockbridge Partners, AQR Capital, Principal Financial Group, and 3G Capital increased or initiated positions. Germania Mutual Insurance implemented Guidewire's AI assistant ProNavigator. The stock traded around $157, with a market cap of about $12.65 billion, down 26% year-to-date.