Guidewire Software, Inc. (NYSE:GWRE) Short Interest Update

Guidewire Software, Inc. (NYSE:GWRE) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,750,000 shares, a decline of 5.9% from the October 31st total of 1,860,000 shares. Currently, 2.1% of the shares of the company are short sold. Based on an average trading volume of 869,600 shares, the days-to-cover ratio is presently 2.0 days.

Insider Transactions at Guidewire Software

In related news, insider John P. Mullen sold 6,718 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $1,156,570.88. Following the sale, the insider now owns 160,099 shares in the company, valued at $27,562,643.84. This represents a 4.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 23,379 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the transaction, the chief executive officer now owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock worth $9,116,179 over the last ninety days. 0.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Guidewire Software

Large investors have recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in shares of Guidewire Software during the 2nd quarter valued at $31,000. Assetmark Inc. lifted its stake in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after purchasing an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Guidewire Software in the third quarter worth about $33,000. Lynx Investment Advisory acquired a new stake in shares of Guidewire Software in the second quarter valued at about $41,000. Finally, DT Investment Partners LLC purchased a new stake in shares of Guidewire Software during the 2nd quarter valued at about $41,000.

Guidewire Software Stock Performance

Guidewire Software stock traded up $1.29 during trading on Tuesday, reaching $202.16. The company had a trading volume of 76,595 shares, compared to its average volume of 696,149. Guidewire Software has a 12-month low of $95.02 and a 12-month high of $207.10. The stock’s 50 day moving average price is $189.83 and its two-hundred day moving average price is $158.96. The firm has a market capitalization of $16.88 billion, a price-to-earnings ratio of -2,510.06, a PEG ratio of 52.48 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 EPS. As a group, research analysts expect that Guidewire Software will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GWRE shares. Stifel Nicolaus raised their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Citigroup boosted their price target on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Oppenheimer upped their price objective on Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. BTIG Research lifted their price objective on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, DA Davidson restated a “buy” rating and issued a $168.00 target price on shares of Guidewire Software in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus price target of $186.08.

Guidewire Software Company Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.