Taking a look at what insiders are doing to gauge the Guidewire Software Inc. (GWRE)’s direction

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Guidewire Software Inc. shares valued at $144,108 were sold by Cooper Jeffrey Elliott on Sep 20. At $62.14 per share, Cooper Jeffrey Elliott sold 2,319 shares. The insider’s holdings dropped to 68,209 shares worth approximately $3.73 million following the completion of this transaction.


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Also, King James Winston sold 3,193 shares, netting a total of over 198,273 in proceeds. Following the sale of shares at $62.10 each, the insider now holds 40,714 shares.

Before that, Hung Priscilla had sold 7,402 shares from its account. In a trade valued at $464,990, the President & COO traded Guidewire Software Inc. shares for $62.82 each. Upon closing the transaction, the insider’s holdings decreased to 7,402 shares, worth approximately $3.83 million.

As published in their initiating research note from Oppenheimer on July 27, 2022, Guidewire Software Inc. [GWRE] has been an Outperform and the price target has been revised to $85. This represents a 35.68% premium over Thursday’s closing price. Analysts at RBC Capital Mkts started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid April. As of March 18, 2022, JMP Securities has increased its “Mkt perform” rating to a “Mkt outperform” for GWRE. Earlier on October 04, 2021, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for GWRE stock which previously was a “a Neutral”.

Analyzing GWRE Stock Performance

On Thursday, Guidewire Software Inc. [NYSE: GWRE] plunged -2.76% to $54.67. The stock’s lowest price that day was $54.4301, but it reached a high of $56.33 in the same session. During the last five days, there has been a drop of approximately -6.23%. Over the course of the year, Guidewire Software Inc. shares have dropped approximately -51.85%. Shares of the company reached a 52-week high of $114.00 on 01/04/22 and a 52-week low of $54.04 on 10/13/22. A 50-day SMA is recorded $62.67, while a 200-day SMA reached $78.77. Nevertheless, trading volume fell to 1.43 million shares from 0.89 million shares the previous day.

Support And Resistance Levels for Guidewire Software Inc. (GWRE)

According to the 24-hour chart, there is a support level at 53.96, which, if violated, would cause prices to drop to 53.24. In the upper region, resistance lies at 55.86. The next price resistance is at 57.04. RSI (Relative Strength Index) is 35.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.89, which suggests the price will decrease in the coming days. Percent R is at 95.89%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Guidewire Software Inc. subject to short interest?

Stocks of Guidewire Software Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.55 million shares to 4.07 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.52 million shares. A jump of 13.51% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.97 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.97.

Which companies own the most shares of Guidewire Software Inc. (GWRE)?

According to The Vanguard Group, Inc. filings, the company currently owns 7,604,634 shares, which is about 9.04% of the total GWRE shares outstanding. The investor’s shares have appreciated by 102,248 from its previous 13-F filing of 7502386.0 shares. With the completion of the buy transaction, BAMCO, Inc.’s stake is now worth $379,507,872. Principal Global Investors LLC reduced a -1.38% interest valued at $315.64 million while Stockbridge Partners LLC purchased a 179,286 stake. A total of 116,000 shares of Guidewire Software Inc. were bought by Skye Global Management LP during the quarter, and -119,504 were sold by Wellington Management Co. LLP. In its current portfolio, BlackRock Fund Advisors holds 3,512,644 shares valued at $216.31 million.

In terms of Guidewire Software Inc. share price expectations, FactSet research, analysts set an average price target of $82.32 in the next 12 months, up nearly 44.08% from the previous closing price of $56.22. Analysts anticipate Guidewire Software Inc. stock to reach $105.00 by 2022, with the lowest price target being $60.00. In spite of this, 14 analysts ranked Guidewire Software Inc. stock as an Overweight at the end of 2022. On July 16, 2021, Stifel assigned a price target of “a Hold” to the stock and resumed coverage with a $110.

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