The simultaneous open-market sale by the entire C-suite (CEO, CFO, President, CAO) within a 2-day window after a post-earnings pop is a negative signal. Despite strong Q3 results, insiders are taking profits at ~$119–124 per share. Historical intra-cluster sales are not typically informative, but the 100% C-suite participation here is unusual. Watch for a potential Q4 guidance reset, secondary offering, or quiet period selling at highs. If GWRE breaks below $115 in the next 10 trading days, the cluster's bearish signal is confirmed.
Price Chart
Executive Summary
Six senior Guidewire insiders—including the CEO, CFO, President, Chief Admin Officer, and Chief Accounting Officer—collectively sold ~$1.66M in open-market shares on June 15–16, 2026, two weeks after the company reported strong Q3 FY2026 earnings (+27% YoY revenue, EPS beat) and raised guidance. While insider buying after good news can be a positive signal, the C-suite-wide selling at elevated prices after a 12-day post-earnings run-up is a bearish cluster that warrants attention.
Key Financial Metrics
Key Facts
- Six insiders sold $1.66M in open-market shares on June 15–16, 2026
- CEO Michael Rosenbaum sold 7,030 shares ($691K open-market plus $121K in other)
- President John Mullen sold 4,292 shares ($510K open-market plus $509K in other)
- CFO Jeffrey Cooper sold 2,594 shares ($308K open-market)
- Chief Admin Officer James King sold 999 shares ($119K)
- Chief Accounting Officer David Peterson sold 246 shares ($29K)
- All sales occurred 12 days after Q3 FY2026 beat-and-raise earnings filing (June 4, 2026)
- Cluster total of ~$1.66M represents ~0.017% of $10.0B market cap — well below 0.1% threshold
Financial Impact
C-suite cluster sale of ~$1.66M, 0.017% of market cap — routine by dollar proportion but notable for involving every top executive simultaneously.
Risk Factors
- Insider cluster selling of this magnitude from all top executives may indicate a peak in sentiment or an upcoming lockup expiry.
- The cluster is well below 0.1% of market cap, so the raw dollar amount is not alarming for a $10B company — the signal is in the unanimity, not the size.
- 10b5-1 plans may exist for these trades, which would reduce the informational content — but no plan was disclosed in the filings.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-GWRE-1781654826901 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | Insider Cluster | $192.76 $142.58 | ▼ −26.03% | ▼ −25.70% | $151.62 (−21.34%) |
Aug 27, 2026 5w ago | Insider Cluster | $201.09 $149.72 | ▼ −25.55% | ▼ −25.44% | $151.62 (−24.60%) |
Aug 26, 2026 5w ago | Insider Cluster | $201.09 $149.72 | ▼ −25.55% | ▼ −25.44% | $151.62 (−24.60%) |
Aug 24, 2026 5w ago | Insider Cluster | $188.34 $152.89 | ▼ −18.82% | ▼ −19.07% | $151.62 (−19.50%) |
Aug 20, 2026 6w ago | Insider Cluster | $181.79 $144.29 | ▼ −20.63% | ▼ −20.63% | $151.62 (−16.60%) |
Jul 13, 2026 11w ago | Insider Cluster | $140.71 $176.65 | ▲ +25.54% | ▲ +23.05% | $151.62 (+7.75%) |
Jul 9, 2026 12w ago | Insider Cluster | $136.13 $170.53 | ▲ +25.27% | ▲ +22.84% | $151.62 (+11.38%) |
Jun 29, 2026 13w ago | Insider Cluster | $123.05 $149.28 | ▲ +21.32% | ▲ +22.34% | $151.62 (+23.22%) |
Jun 17, 2026 15w ago | Insider Cluster | $111.17 $148.91 | ▼ −33.95% | ▼ −32.63% | $151.62 (−36.39%) |
Jun 16, 2026 15w ago | 144 | $111.17 $148.91 | ▲ +33.95% | ▲ +32.63% | $151.62 (+36.39%) |
US Market Status
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