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Insider Selling: Guidewire Software (NYSE:GWRE) CEO Sells 1,200 Shares of Stock
Guidewire Software CEO Michael George Rosenbaum sold 1,200 shares of company stock for $181,368, reducing his holdings by 0.55%. This sale on April 6th was part of a pre-arranged Rule 10b5-1 plan, and he has made multiple insider sales since January totaling approximately $2.6 million. Despite the insider selling, Guidewire recently surpassed quarterly EPS and revenue estimates, and its board authorized a $500 million stock buyback.