Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Guidewire Software Inc shares valued at $4,024,919 were sold by Rosenbaum Michael George on Sep 17 ’24. At $172.16 per share, Rosenbaum Michael George sold 23,379 shares. The insider’s holdings dropped to 287,662 shares worth approximately $49.6 million following the completion of this transaction.
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Also, Mullen John P sold 6,718 shares, netting a total of over 1,156,568 in proceeds. Following the sale of shares at $172.16 each, the insider now holds 160,099 shares.
Before that, Jeffrey Elliott Cooper had added 10,334 shares to its account. In a trade valued at $1,779,097, the Chief Financial Officer bought Guidewire Software Inc shares for $172.16 each.
As published in their initiating research note from Raymond James on February 01, 2024, Guidewire Software Inc [GWRE] has been an Outperform and the price target has been revised to $125. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of December 08, 2023, Oppenheimer has reiterated its “an Outperform” rating for GWRE. Earlier on November 14, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for GWRE stock which previously was a “a Neutral”.
Analyzing GWRE Stock Performance
During the last five days, there has been a surge of approximately 2.59%. Over the course of the year, Guidewire Software Inc shares have jumped approximately 58.13%. Shares of the company reached a 52-week high of $173.72 on 09/17/24 and a 52-week low of $102.66 on 01/05/24. A 50-day SMA is recorded $149.45, while a 200-day SMA reached $124.59. Nevertheless, trading volume fell to 0.94 million shares from 0.66 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 171.06, which, if violated, would cause prices to drop to 169.69. In the upper region, resistance lies at 173.44. The next price resistance is at 174.45. RSI (Relative Strength Index) is 77.45 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.41, which suggests the price will increase in the coming days. Percent R is at 4.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
