Guidewire Software, Inc. (NASDAQ: GWRE) is currently the best of the best of the IPO class of 2012. After pricing more than 8.8 million shares at $13.00 in late January, the lowest price seen has only been $16.45 and shares have just about doubled off of that lowest price. It would have made sense that this was a medical or some other sort of software company by the name of it, but Guidewire provides system software to the property and casualty insurance sector.
Shares are actually up almost 150% now after a new post-IPO high of $32.91 was put in. This move comes on the heels of earnings earlier in the week when shares were trading under $35.00. It is not that often that moves of this sort are common.
It was just over a week ago that the quiet period ended and here are the current research calls:
- Neutral at Brigantine;
- Neutral at Citigroup;
- Buy at Deutsche Bank;
- Overweight at JPMorgan;
- Hold at Stifel Nicolaus.
JON C. OGG
Contact [email protected] for any questions or corrections.
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