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

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

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 5,932 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the transaction, the chief executive officer now owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President John P. Mullen sold 7,165 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the transaction, the president now directly owns 182,096 shares in the company, valued at $31,149,341.76. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,506 shares of company stock worth $6,789,679. 0.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Guidewire Software

Institutional investors and hedge funds have recently modified their holdings of the stock. Atomi Financial Group Inc. increased its holdings in shares of Guidewire Software by 22.2% in the fourth 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 acquired a new position in shares of Guidewire Software in the fourth quarter valued at $2,110,000. Icon Wealth Advisors LLC boosted its position in shares of Guidewire Software by 72.4% in the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after acquiring an additional 2,512 shares during the period. GDS Wealth Management boosted its position in shares of Guidewire Software by 618.5% in the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock valued at $3,161,000 after acquiring an additional 16,142 shares during the period. Finally, Whale Rock Capital Management LLC boosted its position in shares of Guidewire Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after acquiring an additional 31,512 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Oppenheimer lifted their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. JMP Securities reissued a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a research note on Friday, December 6th. Stifel Nicolaus lifted 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. Royal Bank of Canada lifted their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, DA Davidson reissued a “buy” rating and set a $210.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $204.50.

Guidewire Software Price Performance

NYSE:GWRE opened at $212.28 on Friday. Guidewire Software has a one year low of $107.00 and a one year high of $219.59. The company has a market cap of $17.73 billion, a P/E ratio of 589.67, a P/E/G ratio of 56.59 and a beta of 1.25. The firm’s fifty day moving average price is $186.52 and its two-hundred day moving average price is $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.

About Guidewire Software

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.