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GWRE stock rated an Outperform by Raymond James

In a filing, Guidewire Software Inc revealed its Chief Financial Officer Cooper Jeffrey Elliott unloaded Company’s shares for reported $0.24 million on Jun 20 ’24. In the deal valued at $134.20 per share,1,765 shares were sold. As a result of this transaction, Cooper Jeffrey Elliott now holds 61,714 shares worth roughly $8.44 million.

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Then, Mullen John P sold 1,350 shares, generating $181,170 in total proceeds. Upon selling the shares at $134.20, the President & CRO now owns 140,521 shares.

Before that, King James Winston sold 1,316 shares. Guidewire Software Inc shares valued at $176,607 were divested by the Chief Admin Officer, Gen Couns at a price of $134.20 per share. As a result of the transaction, King James Winston now holds 40,684 shares, worth roughly $5.57 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 1.24% to $136.81. Over the last five days, the stock has gained 0.78%. Guidewire Software Inc shares have risen nearly 25.47% since the year began. Nevertheless, the stocks have risen 94.11% over the past one year. While a 52-week high of $138.15 was reached on 06/12/24, a 52-week low of $69.34 was recorded on 01/05/24. SMA at 50 days reached $120.51, while 200 days put it at $108.02. A total of 0.52 million shares were traded, compared to the trading of 1.0 million shares in the previous session.

Levels Of Support And Resistance For GWRE Stock

The 24-hour chart illustrates a support level at 135.05, which if violated will result in even more drops to 133.29. On the upside, there is a resistance level at 138.18. A further resistance level may holdings at 139.55. The Relative Strength Index (RSI) on the 14-day chart is 65.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.55%. Stochastics %K at 93.60% indicates the stock is a selling.

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