Traders Purchase Large Volume of Put Options on Guidewire Software (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWREGet Free Report) saw some unusual options trading on Monday. Investors acquired 2,476 put options on the company. This represents an increase of approximately 1,025% compared to the typical daily volume of 220 put options.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GWRE. Robert W. Baird lifted their price target on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. DA Davidson restated a “buy” rating and issued a $126.00 price objective on shares of Guidewire Software in a report on Tuesday, March 5th. Finally, Oppenheimer boosted their price objective on shares of Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.11.

Check Out Our Latest Stock Report on Guidewire Software

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the transaction, the chief executive officer now owns 245,375 shares in the company, valued at approximately $27,420,656.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Monday, April 15th. The stock was sold at an average price of $111.35, for a total transaction of $150,322.50. Following the transaction, the insider now owns 148,047 shares in the company, valued at approximately $16,485,033.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 4,420 shares of Guidewire Software stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the transaction, the chief executive officer now owns 245,375 shares in the company, valued at approximately $27,420,656.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,785 shares of company stock worth $1,220,087. Corporate insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Several institutional investors have recently bought and sold shares of GWRE. Cetera Investment Advisers grew its position in shares of Guidewire Software by 648.0% during the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after buying an additional 15,695 shares in the last quarter. Comerica Bank grew its position in shares of Guidewire Software by 61.7% during the first quarter. Comerica Bank now owns 25,024 shares of the technology company’s stock worth $2,921,000 after buying an additional 9,546 shares in the last quarter. Motley Fool Asset Management LLC acquired a new position in shares of Guidewire Software during the first quarter worth about $3,826,000. Vancity Investment Management Ltd grew its position in shares of Guidewire Software by 15.1% during the first quarter. Vancity Investment Management Ltd now owns 10,808 shares of the technology company’s stock worth $1,261,000 after buying an additional 1,417 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Guidewire Software by 1.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 630,335 shares of the technology company’s stock worth $73,566,000 after buying an additional 8,995 shares in the last quarter.

Guidewire Software Stock Performance

NYSE GWRE opened at $109.62 on Tuesday. The company has a market cap of $9.02 billion, a P/E ratio of -176.80 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45. The stock has a 50-day moving average of $115.46 and a two-hundred day moving average of $111.86. Guidewire Software has a 1-year low of $68.45 and a 1-year high of $125.35.

Guidewire Software (NYSE:GWREGet Free Report) last released its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.22. The company had revenue of $240.90 million during the quarter, compared to the consensus estimate of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. As a group, analysts anticipate that Guidewire Software will post -0.42 EPS for the current year.

About Guidewire Software

(Get Free Report)

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.

Further Reading

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