Monitoring Guidewire Software Inc. (GWRE) after recent insider movements

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Guidewire Software Inc.’s recent filing unveils that its Chief Financial Officer Cooper Jeffrey Elliott unloaded Company’s shares for reported $0.14 million on Sep 20. In the deal valued at $62.14 per share,2,319 shares were sold. As a result of this transaction, Cooper Jeffrey Elliott now holds 68,209 shares worth roughly $ 3.7 million.


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Then, King James Winston sold 3,193 shares, generating $198,273 in total proceeds. Upon selling the shares at $62.10, the Chief Admin Officer, Gen Couns now owns 40,714 shares.

Before that, Rosenbaum Michael George sold 27,786 shares. Guidewire Software Inc. shares valued at $1,745,503 were divested by the Chief Executive Officer at a price of $62.82 per share. As a result of the transaction, Rosenbaum Michael George now holds 201,160 shares, worth roughly $10.91 million.

Oppenheimer initiated its Guidewire Software Inc. [GWRE] rating to an Outperform in a research note published on Monday, July 27, 2022; the price target was $85. PT values the company’s stock at a premium of 36.2 to its Monday closing price. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. JMP Securities also remained covering GWRE and has increased its forecast on March 18, 2022 with a “Mkt outperform” recommendation from previously “Mkt perform” rating. BofA Securities revised its rating on October 04, 2021. It rated GWRE as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of GWRE

On Monday, Guidewire Software Inc. [NYSE:GWRE] saw its stock jump 1.71% to $54.23. On the same session, the stock had its day’s lowest price of $52.08, but rose to a high of $54.30. Over the last five days, the stock has lost -8.72%. Guidewire Software Inc. shares have fallen nearly -52.23% since the year began. Nevertheless, the stocks have fallen -56.85% over the past one year. While a 52-week high of $128.98 was reached on 01/04/22, a 52-week low of $52.42 was recorded on 11/07/22. SMA at 50 days reached $61.85, while 200 days put it at $78.30. A total of 0.96 million shares were traded, compared to the trading of 1.06 million shares in the previous session.

Levels Of Support And Resistance For GWRE Stock

The 24-hour chart illustrates a support level at 52.77, which if violated will result in even more drops to 51.32. On the upside, there is a resistance level at 54.99. A further resistance level may holdings at 55.76. The Relative Strength Index (RSI) on the 14-day chart is 36.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.72%. Stochastics %K at 13.96% indicates the stock is a buying.

How much short interest is there in Guidewire Software Inc.?

A steep rise in short interest was recorded in Guidewire Software Inc. stocks on Jul 14, 2022, growing by 0.55 million shares to a total of 4.07 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.52 million shares. There was a rise of 13.51%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.87% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.97.

Guidewire Software Inc. [GWRE] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,604,634 shares, or roughly 9.04% of the outstanding GWRE shares. In other words, the investor’s shares have risen by 102,248 from its previous 13-F filing of 7502386.0. Additionally, BAMCO, Inc. increased 5.98% of its stake after which the total value it holdings stand at $379,507,872, while Principal Global Investors LLC reduced -1.38% of its stake to hold $315.64 million in the firm. Over the last quarter, Stockbridge Partners LLC purchased 179,286 shares of Guidewire Software Inc., while Skye Global Management LP bought 116,000 shares. At present, Wellington Management Co. LLP is holding 3,570,475 shares valued at $219.87 million. BlackRock Fund Advisors owned 3,512,644 shares of the company at the time of its most recent 13F filing, worth $216.31 million.

According to FactSet, Guidewire Software Inc.’s share price will average $82.32 in the next year, based on opinions of analysts polled by the firm. This is up nearly 51.91 percent from its previous closing price of $53.32. Analysts expect Guidewire Software Inc. stock to reach the higher price of $105.00, while the lowest price estimate is $60.00. However, 14 analysts have rated GWRE stock as an Overweight in their predictions for 2022.

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