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

Guidewire Software, Inc. (NYSE:GWRE) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 2,700,000 shares, an increase of 10.2% from the March 31st total of 2,450,000 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 580,500 shares, the days-to-cover ratio is currently 4.7 days.

Insider Activity

In other news, insider John P. Mullen sold 3,665 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the transaction, the insider now owns 149,397 shares in the company, valued at $16,695,114.75. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Michael George Rosenbaum sold 4,420 shares of Guidewire Software stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $493,935.00. Following the completion of the sale, the chief executive officer now owns 245,375 shares in the company, valued at approximately $27,420,656.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the sale, the insider now owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. Insiders sold a total of 9,435 shares of company stock worth $1,053,821 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently modified their holdings of GWRE. Banque Cantonale Vaudoise acquired a new position in shares of Guidewire Software in the 3rd quarter valued at about $25,000. RiverPark Advisors LLC acquired a new position in Guidewire Software during the 4th quarter worth approximately $27,000. Transcendent Capital Group LLC acquired a new position in Guidewire Software during the 4th quarter worth approximately $27,000. CENTRAL TRUST Co acquired a new position in Guidewire Software during the 3rd quarter worth approximately $29,000. Finally, Castleview Partners LLC acquired a new position in Guidewire Software during the 3rd quarter worth approximately $40,000.

Guidewire Software Stock Down 0.6 %

Shares of NYSE:GWRE opened at $112.89 on Tuesday. The firm has a market cap of $9.29 billion, a price-to-earnings ratio of -182.07 and a beta of 1.15. Guidewire Software has a 12-month low of $68.45 and a 12-month high of $122.35. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average price is $114.77 and its two-hundred day moving average price is $106.86.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data 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. The business had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. On average, research analysts forecast that Guidewire Software will post -0.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Oppenheimer lifted their price objective 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 reiterated a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research report on Tuesday, March 5th. Robert W. Baird lifted their price objective on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, Raymond James began coverage on Guidewire Software in a research note on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.11.

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.