Traders Buy Large Volume of Guidewire Software Call Options (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE) was the target of unusually large options trading on Wednesday. Stock traders bought 1,297 call options on the stock. This is an increase of 1,563% compared to the typical daily volume of 78 call options.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $184.41, for a total value of $258,174.00. Following the transaction, the chief executive officer now owns 259,993 shares in the company, valued at approximately $47,945,309.13. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James Winston King sold 270 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total transaction of $47,190.60. Following the sale, the insider now directly owns 45,664 shares of the company’s stock, valued at $7,981,153.92. This trade represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,580 shares of company stock valued at $7,417,937. 0.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Guidewire Software

Several institutional investors have recently made changes to their positions in GWRE. Versant Capital Management Inc bought a new position in Guidewire Software in the 4th quarter worth approximately $25,000. Ossiam purchased a new position in Guidewire Software during the fourth quarter valued at $29,000. MassMutual Private Wealth & Trust FSB increased its holdings in Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company’s stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software in the 3rd quarter worth $33,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Guidewire Software during the 4th quarter valued at about $34,000.

Guidewire Software Stock Up 1.1 %

GWRE stock opened at $192.68 on Thursday. The business’s 50-day moving average price is $199.90 and its 200-day moving average price is $189.10. The stock has a market cap of $16.16 billion, a P/E ratio of 535.22, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software has a twelve month low of $107.00 and a twelve month high of $219.59. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, equities research analysts forecast that Guidewire Software will post 0.52 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on GWRE. Royal Bank of Canada lifted their price objective on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Robert W. Baird lifted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. Finally, Oppenheimer increased their price target on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Company Profile

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.