Guidewire Software, Inc. (NYSE:GWRE) Short Interest Down 11.2% in March

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 2,380,000 shares, a drop of 11.2% from the February 29th total of 2,680,000 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 679,300 shares, the days-to-cover ratio is presently 3.5 days.

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 4,420 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 245,375 shares of the company's stock, valued at $27,420,656.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Michael George Rosenbaum sold 4,420 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 transaction of $493,935.00. Following the sale, the chief executive officer now owns 245,375 shares in the company, valued at $27,420,656.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 458 shares of Guidewire Software stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $112.10, for a total value of $51,341.80. Following the completion of the sale, the chief financial officer now directly owns 72,386 shares of the company's stock, valued at approximately $8,114,470.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,618 shares of company stock worth $1,073,918. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Guidewire Software

Institutional investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in shares of Guidewire Software in the 3rd quarter valued at approximately $25,000. RiverPark Advisors LLC acquired a new stake in Guidewire Software in the fourth quarter valued at $27,000. Transcendent Capital Group LLC bought a new position in Guidewire Software during the 4th quarter valued at $27,000. CENTRAL TRUST Co acquired a new position in Guidewire Software during the 3rd quarter worth $29,000. Finally, Pinebridge Investments L.P. increased its position in shares of Guidewire Software by 490.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 390 shares of the technology company's stock worth $30,000 after purchasing an additional 324 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. DA Davidson reissued a "buy" rating and issued a $126.00 target price on shares of Guidewire Software in a research report on Tuesday, March 5th. Wells Fargo & Company raised shares of Guidewire Software from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, December 20th. Robert W. Baird increased 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. Raymond James initiated coverage on Guidewire Software in a report on Thursday, February 1st. They issued an "outperform" rating and a $125.00 target price on the stock. Finally, Oppenheimer upped their price target on Guidewire Software from $115.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Guidewire Software currently has a consensus rating of "Moderate Buy" and an average price target of $115.11.

Guidewire Software Stock Up 1.1 %

Shares of NYSE:GWRE traded up $1.30 during mid-day trading on Friday, hitting $116.71. 430,288 shares of the company traded hands, compared to its average volume of 789,816. The firm's 50 day simple moving average is $115.80 and its 200 day simple moving average is $103.71. The firm has a market cap of $9.61 billion, a P/E ratio of -188.24 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 has a 52-week low of $68.45 and a 52-week high of $122.35.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The company had revenue of $240.90 million during the quarter, compared to the consensus estimate of $240.93 million. On average, equities analysts anticipate that Guidewire Software will post -0.5 EPS for the current year.

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.