Guidewire Software Inc’s recent filing unveils that its Chief Admin Officer, Gen Couns King James Winston unloaded Company’s shares for reported $0.14 million on Mar 20 ’24. In the deal valued at $112.51 per share,1,268 shares were sold. As a result of this transaction, King James Winston now holds 43,036 shares worth roughly $4.97 million.
Then, Rosenbaum Michael George sold 4,420 shares, generating $493,916 in total proceeds. Upon selling the shares at $111.75, the Chief Executive Officer now owns 245,375 shares.
Before that, Mullen John P sold 3,665 shares. Guidewire Software Inc shares valued at $409,547 were divested by the President & CRO at a price of $111.75 per share. As a result of the transaction, Mullen John P now holds 149,397 shares, worth roughly $17.24 million.
Raymond James initiated its Guidewire Software Inc [GWRE] rating to an Outperform in a research note published on February 01, 2024; the price target was $125. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. Oppenheimer also remained covering GWRE and reiterated its “an Outperform” recommendation on December 08, 2023. Robert W. Baird revised its rating on November 14, 2023. It rated GWRE as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of GWRE
On Tuesday, Guidewire Software Inc [NYSE:GWRE] saw its stock jump 0.40% to $115.38. Over the last five days, the stock has lost -0.23%. Guidewire Software Inc shares have risen nearly 5.81% since the year began. Nevertheless, the stocks have risen 46.98% over the past one year. While a 52-week high of $122.35 was reached on 03/08/24, a 52-week low of $68.45 was recorded on 01/05/24. SMA at 50 days reached $115.94, while 200 days put it at $97.46. A total of 0.49 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For GWRE Stock
The 24-hour chart illustrates a support level at 114.20, which if violated will result in even more drops to 113.03. On the upside, there is a resistance level at 117.27. A further resistance level may holdings at 119.17. The Relative Strength Index (RSI) on the 14-day chart is 50.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.62%. Stochastics %K at 64.25% indicates the stock is a holding.
How much short interest is there in Guidewire Software Inc?
A steep rise in short interest was recorded in Guidewire Software Inc stocks on Mar 15, 2024, dropping by -0.39 million shares to a total of 2.38 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.77 million shares. There was a decline of -16.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.86% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.16.
