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

Guidewire Software, Inc. (NYSE:GWRE) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,700,000 shares, a growth of 10.2% from the March 31st total of 2,450,000 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average daily volume of 580,500 shares, the short-interest ratio is presently 4.7 days.

Guidewire Software Stock Performance

GWRE opened at $112.89 on Tuesday. The stock has a 50-day moving average of $114.77 and a 200-day moving average of $106.86. Guidewire Software has a 52-week low of $68.45 and a 52-week high of $122.35. The company has a market cap of $9.29 billion, a PE ratio of -182.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The firm had revenue of $240.90 million during the quarter, compared to the consensus estimate of $240.93 million. As a group, equities research analysts forecast that Guidewire Software will post -0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Raymond James started coverage on Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price target on the stock. Oppenheimer upped their target price on Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. DA Davidson reaffirmed a “buy” rating and issued a $126.00 target price on shares of Guidewire Software in a research report on Tuesday, March 5th. Finally, Robert W. Baird upped their target price on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus price target of $115.11.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 4,420 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the sale, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at $27,420,656.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $111.35, for a total transaction of $150,322.50. Following the transaction, the insider now directly owns 148,047 shares of the company’s stock, valued at $16,485,033.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 4,420 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $493,935.00. Following the transaction, the chief executive officer now directly owns 245,375 shares in the company, valued at $27,420,656.25. The disclosure for this sale can be found here. Insiders have sold 9,435 shares of company stock valued at $1,053,821 over the last three months. Company insiders own 0.38% of the company’s stock.

Institutional Trading of Guidewire Software

Several hedge funds have recently added to or reduced their stakes in GWRE. Gotham Asset Management LLC lifted its position in shares of Guidewire Software by 253.3% in the 3rd quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company’s stock worth $1,126,000 after acquiring an additional 8,970 shares during the period. Vanguard Group Inc. lifted its position in shares of Guidewire Software by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock worth $724,092,000 after acquiring an additional 38,954 shares during the period. AQR Capital Management LLC lifted its position in shares of Guidewire Software by 32.9% in the 3rd quarter. AQR Capital Management LLC now owns 53,084 shares of the technology company’s stock worth $4,778,000 after acquiring an additional 13,136 shares during the period. Hsbc Holdings PLC lifted its position in shares of Guidewire Software by 1,318.8% in the 3rd quarter. Hsbc Holdings PLC now owns 42,677 shares of the technology company’s stock worth $3,880,000 after acquiring an additional 39,669 shares during the period. Finally, Lindbrook Capital LLC lifted its position in shares of Guidewire Software by 45.7% in the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after acquiring an additional 132 shares during the period.

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.