Guidewire Software, Inc. (NYSE:GWRE) Short Interest Up 105.2% in January

Guidewire Software, Inc. (NYSE:GWRE) was the recipient of a significant growth in short interest during the month of 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. Approximately 4.8% of the shares of the stock are sold short. Based on an average daily volume of 1,240,000 shares, the days-to-cover ratio is presently 3.2 days.

Guidewire Software Stock Down 2.0 %

Shares of NYSE GWRE opened at $212.28 on Friday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $17.73 billion, a PE ratio of 589.67, a price-to-earnings-growth ratio of 56.59 and a beta of 1.25. The stock’s fifty day simple moving average is $186.52 and its two-hundred day simple moving average is $178.90. Guidewire Software has a 12-month low of $107.00 and a 12-month high of $219.59.

Insider Transactions at Guidewire Software

In other news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the sale, the president now directly owns 189,261 shares of the company’s stock, valued at approximately $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James Winston King sold 1,509 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $258,129.54. Following the completion of the sale, the insider now directly owns 46,728 shares in the company, valued at $7,993,291.68. This trade represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,506 shares of company stock valued at $6,789,679. 0.48% of the stock is currently owned by insiders.

Institutional Trading of Guidewire Software

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its position in Guidewire Software by 10.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock valued at $100,000 after acquiring an additional 56 shares in the last quarter. Hanseatic Management Services Inc. boosted its position in Guidewire Software by 12.1% during the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after acquiring an additional 58 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after acquiring an additional 60 shares in the last quarter. Norden Group LLC boosted its position in Guidewire Software by 5.2% during the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock valued at $208,000 after acquiring an additional 61 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its position in Guidewire Software by 1.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock valued at $681,000 after acquiring an additional 75 shares in the last quarter.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several analyst reports. Stifel Nicolaus boosted their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. Wells Fargo & Company boosted their price objective on Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” 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. Finally, Oppenheimer boosted their price objective on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $204.50.

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.