The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Guidewire Software Inc shares valued at $483,756 were sold by Cooper Jeffrey Elliott on Dec 17 ’24. At $171.06 per share, Cooper Jeffrey Elliott sold 2,828 shares. The insider’s holdings dropped to 74,911 shares worth approximately $12.89 million following the completion of this transaction.
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Also, Cooper Jeffrey Elliott sold 1,069 shares, netting a total of over 186,466 in proceeds. Following the sale of shares at $174.43 each, the insider now holds 73,842 shares.
Before that, King James Winston had sold 1,509 shares from its account. In a trade valued at $258,128, the Chief Admin Officer, Gen Couns traded Guidewire Software Inc shares for $171.06 each. Upon closing the transaction, the insider’s holdings decreased to 1,509 shares, worth approximately $8.04 million.
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 drop of approximately -0.96%. Over the course of the year, Guidewire Software Inc shares have jumped approximately 57.80%. Shares of the company reached a 52-week high of $209.15 on 12/05/24 and a 52-week low of $102.66 on 01/05/24. A 50-day SMA is recorded $189.41, while a 200-day SMA reached $149.42. Nevertheless, trading volume fell to 1.27 million shares from 1.78 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 169.94, which, if violated, would cause prices to drop to 167.82. In the upper region, resistance lies at 175.84. The next price resistance is at 179.62. RSI (Relative Strength Index) is 33.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.05, which suggests the price will decrease in the coming days. Percent R is at 91.26%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
