Guidewire Software Inc’s filing revealed that its President & CRO Mullen John P unloaded Company’s shares for reported $0.17 million on May 20 ’24. In the deal valued at $123.16 per share,1,350 shares were sold. As a result of this transaction, Mullen John P now holds 146,697 shares worth roughly $19.07 million.
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Then, Mullen John P sold 1,350 shares, generating $150,322 in total proceeds. Upon selling the shares at $111.35, the President & CRO now owns 148,047 shares.
Before that, King James Winston sold 1,268 shares. Guidewire Software Inc shares valued at $142,663 were divested by the Chief Admin Officer, Gen Couns at a price of $112.51 per share. As a result of the transaction, King James Winston now holds 43,036 shares, worth roughly $5.59 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 Friday, Guidewire Software Inc [NYSE:GWRE] saw its stock fall -0.54% to $129.98. Over the last five days, the stock has gained 14.10%. Guidewire Software Inc shares have risen nearly 19.20% since the year began. Nevertheless, the stocks have risen 79.48% over the past one year. While a 52-week high of $131.65 was reached on 06/07/24, a 52-week low of $68.45 was recorded on 01/05/24. SMA at 50 days reached $116.02, while 200 days put it at $105.18. A total of 0.74 million shares were traded, compared to the trading of 1.46 million shares in the previous session.
Levels Of Support And Resistance For GWRE Stock
The 24-hour chart illustrates a support level at 128.55, which if violated will result in even more drops to 127.11. On the upside, there is a resistance level at 131.89. A further resistance level may holdings at 133.79. The Relative Strength Index (RSI) on the 14-day chart is 64.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.63%. Stochastics %K at 92.90% indicates the stock is a selling.
