David Franklin Peterson, the Chief Accounting Officer at Guidewire Software Inc., executed a transaction involving the sale of 246 shares on June 16, 2026. The total value of this disposition reached $29,210. The shares were sold at a price of $118.743 per share. This transaction was initiated to cover tax obligations associated with the settlement of Restricted Stock Units. Following this sale, Mr. Peterson directly holds 12,287 shares of Guidewire Software common stock.
The sale occurs as GWRE stock trades at $117.46, a level near its 52-week low of $113.67. Over the past year, the stock has declined by 53%. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. However, 11 analysts have recently revised earnings upwards. Investors can access 14 additional ProTips and comprehensive financial metrics on the platform.
In other recent news, Guidewire Software Inc. reported its third-quarter fiscal 2026 earnings, which exceeded expectations. The company posted an earnings per share of $0.82, surpassing the anticipated $0.74. Revenue reached $372.5 million, above the forecasted $355.99 million. Despite these positive results, Guidewire’s stock experienced a significant decline in after-hours trading. Additionally, Guidewire’s annual recurring revenue grew 19% year-over-year to $1.147 billion, with $26 million in net new ARR, aligning with the midpoint of their guidance. However, the company’s ARR came in below some analysts’ expectations, leading to price target cuts from several firms. Wells Fargo lowered its price target to $190 while maintaining an Underweight rating, citing lighter results. Stifel also reduced its target to $200 but kept a Buy rating, and RBC Capital adjusted its target to $215 with an Outperform rating, following mixed full-year fiscal 2026 guidance. These developments reflect the varied analyst perspectives on Guidewire’s financial performance and future outlook.