GWRE Stock Summary and Trading Ideas (Guidewire Software | NYSE:GWRE)

Guidewire Software provides software solutions for property and casualty insurers. Flagship product InsuranceSuite is an on-premises system of record and comprises ClaimCenter, a claims management system; PolicyCenter, a policy management system including policy definitions, quotas, issuance, maintenance, and renewal; and BillingCenter, for billing management, payment plans, and agent commissions. The company also offers InsuranceNow, a cloud-based offering, as well as a variety of other add-on applications.

Guidewire Software trades on the NYSE stock market under the symbol GWRE.

As of April 19, 2024, GWRE stock price declined to $107.64 with 350,641 million shares trading.

GWRE has a beta of 0.97, meaning it tends to be less sensitive to market movements. GWRE has a correlation of 0.15 to the broad based SPY ETF.

GWRE has a market cap of $8.97 billion. This is considered a Mid Cap stock.

Last quarter Guidewire Software reported $241 million in Revenue and $.46 earnings per share. This fell short of revenue expectation by $-13,000 and exceeded earnings estimates by $.23.

In the last 3 years, GWRE stock traded as high as $130.95 and as low as $52.08.

The top ETF exchange traded funds that GWRE belongs to (by Net Assets): VTI, VB, VXF, VBK, VGT.

GWRE has outperformed the market in the last year with a return of +36.7%, while the SPY ETF gained +21.2%. However, in the most recent history, GWRE shares have underperformed the stock market with its stock returning -3.9% in the last 3 month period and -6.4% for the last 2 week period, while SPY has returned +4.3% and -3.5%, respectively.

GWRE support price is $106.34 and resistance is $109.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GWRE stock will trade within this expected range on the day.