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

Guidewire Software, Inc. (NYSE:GWRE) saw some unusual options trading activity on Wednesday. Stock investors bought 1,297 call options on the stock. This represents an increase of approximately 1,563% compared to the typical volume of 78 call options.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Royal Bank of Canada upped their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. JMP Securities reiterated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. JPMorgan Chase & Co. increased their target price on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group began coverage on Guidewire Software in a report on Thursday, January 23rd. They set a “buy” rating and a $210.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

Insider Buying and Selling at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the completion of the sale, the president now owns 189,261 shares in the company, valued at $37,420,684.92. This represents a 0.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rosenbaum sold 5,932 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the sale, the chief executive officer now owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. This represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,106 shares of company stock worth $6,489,127. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in shares of Guidewire Software by 10.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock valued at $100,000 after acquiring an additional 56 shares in the last quarter. Hanseatic Management Services Inc. grew its holdings in shares of Guidewire Software by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock valued at $91,000 after acquiring an additional 58 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after acquiring an additional 60 shares in the last quarter. Norden Group LLC grew its holdings in shares of Guidewire Software by 5.2% in the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock valued at $208,000 after acquiring an additional 61 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. lifted its stake in Guidewire Software by 1.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock valued at $681,000 after purchasing an additional 75 shares during the last quarter.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $217.41 on Friday. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 603.90, a PEG ratio of 54.93 and a beta of 1.25. The business has a 50-day moving average of $184.68 and a 200-day moving average of $176.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software has a fifty-two week low of $107.00 and a fifty-two week high of $219.49.

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.