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

Guidewire Software, Inc. (NYSE:GWRE) was the target of unusually large options trading activity on Wednesday. Investors purchased 1,297 call options on the company. This represents an increase of 1,563% compared to the typical daily volume of 78 call options.

Analysts Set New Price Targets

Several equities analysts have issued reports on GWRE shares. Oppenheimer boosted their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus boosted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. JMP Securities reissued a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a report on Friday, December 6th. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

Insider Transactions at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $170.43, for a total transaction of $230,080.50. Following the transaction, the president now owns 180,746 shares of the company’s stock, valued at $30,804,540.78. This trade represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael George Rosenbaum sold 5,932 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the transaction, the chief executive officer now owns 281,730 shares in the company, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,347 shares of company stock worth $4,057,594. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

A number of large investors have recently added to or reduced their stakes in GWRE. Icon Wealth Advisors LLC lifted its holdings in shares of Guidewire Software by 72.4% in the third quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock valued at $1,095,000 after purchasing an additional 2,512 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Guidewire Software by 8.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock valued at $305,000 after buying an additional 165 shares in the last quarter. Whale Rock Capital Management LLC grew its holdings in Guidewire Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after buying an additional 31,512 shares during the last quarter. Cerity Partners LLC increased its position in Guidewire Software by 326.8% during the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after buying an additional 16,692 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of Guidewire Software by 79.8% in the second quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock worth $953,000 after acquiring an additional 3,066 shares during the last quarter.

Guidewire Software Stock Up 0.5 %

GWRE opened at $174.62 on Thursday. Guidewire Software has a one year low of $102.66 and a one year high of $209.15. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 485.06, a PEG ratio of 45.60 and a beta of 1.18. The business’s fifty day moving average is $188.71 and its two-hundred day moving average is $165.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 2.66.

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.