GWRE President John Mullen Sells Over $500K in Shares

John Mullen, President of GWRE, sold 4,292 shares valued at over $500,000.

Written by EarningsIQ · Published Jun 16, 2026, 9:00 PM EDT · Updated Jun 16, 2026, 10:00 PM EDT

Key Points

John Mullen, President of GWRE, sold 4,292 shares on June 16, 2026, for $509,632.
GWRE stock traded at $120.03 with institutional investors like BlackRock holding 9.3 million shares.
Analysts from firms like DA Davidson and Goldman Sachs maintained a 'buy' rating with targets up to $225.

On June 16, 2026, John Mullen, President of GWRE, sold 4,292 shares of the company. The shares were sold at an average price of $118.74, amounting to a total transaction value of approximately $509,632. This transaction was not made under a pre-scheduled trading plan.

Insider Buying and Selling at GWRE

Several other insiders at GWRE also sold shares on the same date. Chief Accounting Officer David Franklin Peterson sold 246 shares, while Chief Financial Officer Jeffrey Elliott Cooper sold 2,594 shares. Additionally, CEO Michael George Rosenbaum executed two transactions: selling 5,830 shares on June 16 and 1,200 shares on June 15. Chief Admin Officer James Winston King sold 999 shares.

Other Institutional Activity in GWRE

Institutional investors have been active in GWRE as well. BlackRock, Inc. increased its holdings by 442,097 shares, bringing its total to 9,327,701 shares worth about $1.4 billion. Linonia Partnership LP added 2,288,402 shares, now holding 7,651,130 shares valued at $1.14 billion. BAMCO Inc /NY/ increased its position by 1,449,903 shares, reaching a total of 6,597,453 shares worth nearly $987 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 4,594,571 shares and 3,843,061 shares, respectively.

GWRE Stock Snapshot

Shares of GWRE traded near $120.03. The stock has been a focus for institutional investors, with significant holdings by major firms.

Analysts Set New Price Targets

Analysts remain optimistic about GWRE's prospects. On June 8, 2026, DA Davidson maintained a 'buy' rating with a price target of $222. Earlier in June, Goldman Sachs set a price target of $225, while Stifel and RBC Capital also maintained 'buy' ratings with targets of $200 and $215, respectively. The consensus among analysts is a 'buy' recommendation, with a mean price target around $215.

Bottom Line

The recent insider sales at GWRE, including those by President John Mullen, highlight ongoing executive activity. Institutional investors continue to show strong interest, with significant increases in holdings by major funds. Analysts remain bullish, maintaining 'buy' ratings with substantial price targets, suggesting confidence in GWRE's future performance.