Guidewire Software Target of Unusually High Options Trading (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE) saw some unusual options trading on Wednesday. Investors acquired 1,297 call options on the company. This represents an increase of 1,563% compared to the typical volume of 78 call options.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of research reports. Wells Fargo & Company upped their target price on shares of Guidewire Software from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, June 21st. BTIG Research raised their price objective on shares of Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. Citigroup upped their target price on shares of Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th. Oppenheimer raised their price target on Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. upped their price objective on Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.31.

Guidewire Software Price Performance

NYSE GWRE opened at $144.60 on Friday. The stock’s 50-day moving average is $132.70 and its 200-day moving average is $120.89. Guidewire Software has a one year low of $78.05 and a one year high of $147.70. The firm has a market cap of $11.95 billion, a P/E ratio of -1,112.22 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Tuesday, June 4th. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.14. The firm had revenue of $240.68 million for the quarter, compared to the consensus estimate of $231.46 million. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. Equities analysts anticipate that Guidewire Software will post -0.31 EPS for the current year.

Insider Activity

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the sale, the insider now owns 146,697 shares of the company’s stock, valued at approximately $18,067,202.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael George Rosenbaum sold 5,582 shares of Guidewire Software stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the sale, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $123.16, for a total value of $166,266.00. Following the completion of the transaction, the insider now owns 146,697 shares in the company, valued at approximately $18,067,202.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,064 shares of company stock worth $1,747,850. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GWRE. Mutual Advisors LLC acquired a new stake in shares of Guidewire Software in the fourth quarter valued at about $210,000. Regatta Capital Group LLC increased its position in shares of Guidewire Software by 5.8% during the 4th quarter. Regatta Capital Group LLC now owns 4,035 shares of the technology company’s stock worth $440,000 after purchasing an additional 222 shares during the last quarter. Trust Point Inc. bought a new stake in shares of Guidewire Software during the 4th quarter worth approximately $495,000. International Assets Investment Management LLC acquired a new stake in shares of Guidewire Software in the 4th quarter valued at approximately $17,240,000. Finally, Bleakley Financial Group LLC bought a new position in shares of Guidewire Software in the fourth quarter valued at $243,000.

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.