Stock Traders Purchase High Volume of Guidewire Software Call Options (NYSE:GWRE)

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

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $179.91, for a total value of $251,874.00. Following the completion of the sale, the chief executive officer now directly owns 278,930 shares of the company’s stock, valued at $50,182,296.30. This trade represents a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President John P. Mullen sold 7,165 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the completion of the sale, the president now owns 182,096 shares in the company, valued at approximately $31,149,341.76. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,606 shares of company stock worth $5,141,309 over the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Guidewire Software

A number of hedge funds and other institutional investors have recently bought and sold shares of GWRE. Versant Capital Management Inc bought a new stake in shares of Guidewire Software in the fourth quarter worth $25,000. Assetmark Inc. raised its position in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock worth $31,000 after acquiring an additional 145 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Guidewire Software in the third quarter valued at approximately $33,000. Brooklyn Investment Group bought a new position in Guidewire Software during the 3rd quarter worth approximately $42,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GWRE. Robert W. Baird raised their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price target on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. JMP Securities reissued 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, Wells Fargo & Company upped their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $193.00.

Guidewire Software Stock Performance

NYSE GWRE opened at $183.44 on Thursday. The firm’s fifty day moving average price is $182.12 and its two-hundred day moving average price is $170.82. The stock has a market cap of $15.32 billion, a PE ratio of 509.55, a PEG ratio of 46.43 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software has a fifty-two week low of $107.00 and a fifty-two week high of $209.15.

About Guidewire Software

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.