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Guidewire Software Inc (GWRE) rating initates by Raymond James

Guidewire Software Inc’s filing revealed that its President Mullen John P unloaded Company’s shares for reported $0.25 million on Oct 18 ’24. In the deal valued at $187.68 per share,1,350 shares were sold. As a result of this transaction, Mullen John P now holds 190,611 shares worth roughly $36.64 million.

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Then, JOHN MULLEN bought 1,350 shares, generating $253,368 in total proceeds.

Before that, Mullen John P sold 1,350 shares. Guidewire Software Inc shares valued at $235,953 were divested by the President & CRO at a price of $174.78 per share. As a result of the transaction, Mullen John P now holds 158,749 shares, worth roughly $30.51 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 -1.56% to $192.22. Over the last five days, the stock has lost -1.39%. Guidewire Software Inc shares have risen nearly 76.28% since the year began. Nevertheless, the stocks have risen 97.31% over the past one year. While a 52-week high of $199.33 was reached on 11/13/24, a 52-week low of $94.97 was recorded on 01/05/24. SMA at 50 days reached $183.47, while 200 days put it at $141.16.

Levels Of Support And Resistance For GWRE Stock

The 24-hour chart illustrates a support level at 190.75, which if violated will result in even more drops to 189.27. On the upside, there is a resistance level at 194.16. A further resistance level may holdings at 196.09. The Relative Strength Index (RSI) on the 14-day chart is 59.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 48.10%. Stochastics %K at 68.25% 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 2024-10-31, growing by 0.16 million shares to a total of 1.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.7 million shares. There was a rise of 8.67%, which implies that there is a positive sentiment for the stock.

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