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

Guidewire Software, Inc. (NYSE:GWRE) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 3,940,000 shares, an increase of 105.2% from the January 15th total of 1,920,000 shares. Based on an average trading volume of 1,240,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 4.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Oppenheimer upped their price objective on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Robert W. Baird increased their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus increased their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.50.

Insiders Place Their Bets

In other news, CFO Jeffrey Elliott Cooper sold 2,828 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $483,757.68. Following the completion of the transaction, the chief financial officer now owns 74,911 shares of the company’s stock, valued at $12,814,275.66. This represents a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $170.43, for a total value of $230,080.50. Following the completion of the transaction, the president now directly owns 180,746 shares of the company’s stock, valued at $30,804,540.78. This represents a 0.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,506 shares of company stock valued at $6,789,679. 0.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Guidewire Software

Large investors have recently made changes to their positions in the business. Atomi Financial Group Inc. increased its position in shares of Guidewire Software by 22.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after purchasing an additional 488 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in Guidewire Software in the 4th quarter worth about $2,110,000. Icon Wealth Advisors LLC increased its holdings in Guidewire Software by 72.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after acquiring an additional 2,512 shares during the last quarter. GDS Wealth Management increased its holdings in Guidewire Software by 618.5% in the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after acquiring an additional 16,142 shares during the last quarter. Finally, Whale Rock Capital Management LLC increased its holdings in Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after acquiring an additional 31,512 shares during the last quarter.

Guidewire Software Trading Down 2.0 %

Shares of Guidewire Software stock opened at $212.28 on Friday. Guidewire Software has a 1 year low of $107.00 and a 1 year high of $219.59. The firm has a market cap of $17.73 billion, a PE ratio of 589.67, a P/E/G ratio of 56.59 and a beta of 1.25. The stock has a fifty day moving average price of $186.52 and a 200-day moving average price of $178.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66.

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.