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

Guidewire Software, Inc. (NYSE:GWRE) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 1,297 call options on the stock. This represents an increase of approximately 1,563% compared to the typical volume of 78 call options.

Insiders Place Their Bets

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the transaction, the insider now owns 137,821 shares in the company, valued at approximately $20,539,463.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $405,907.18. Following the completion of the sale, the chief financial officer now owns 63,479 shares of the company’s stock, valued at approximately $8,540,464.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the sale, the insider now directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,064 shares of company stock worth $1,782,775. 0.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Guidewire Software

Several large investors have recently bought and sold shares of GWRE. Transcendent Capital Group LLC bought a new stake in shares of Guidewire Software during the 4th quarter worth $27,000. ORG Partners LLC bought a new stake in shares of Guidewire Software during the 1st quarter worth $29,000. Rothschild Investment LLC bought a new stake in shares of Guidewire Software during the 2nd quarter worth $31,000. Lynx Investment Advisory bought a new stake in shares of Guidewire Software during the 2nd quarter worth $41,000. Finally, DT Investment Partners LLC bought a new stake in shares of Guidewire Software during the 2nd quarter worth $41,000.

Analysts Set New Price Targets

Several brokerages have recently commented on GWRE. Stifel Nicolaus raised their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada lifted their price target on shares of Guidewire Software from $130.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Oppenheimer lifted their price target on shares of Guidewire Software from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their price target on shares of Guidewire Software from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.69.

Guidewire Software Trading Up 0.6 %

Shares of NYSE:GWRE opened at $147.07 on Thursday. The stock’s fifty day simple moving average is $144.03 and its two-hundred day simple moving average is $127.64. Guidewire Software has a 1-year low of $83.91 and a 1-year high of $153.85. The stock has a market cap of $12.16 billion, a PE ratio of -1,131.31 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.14. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. The business had revenue of $240.68 million for the quarter, compared to analysts’ expectations of $231.46 million. On average, sell-side analysts forecast that Guidewire Software will post -0.31 earnings per share for the current fiscal year.

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.