Guidewire Software Sees Unusually High Options Volume (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWREGet Free Report) saw unusually large options trading on Wednesday. Stock traders acquired 1,297 call options on the company. This is an increase of 1,563% compared to the average daily volume of 78 call options.

Insider Transactions at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $134.20, for a total value of $236,863.00. Following the completion of the transaction, the chief financial officer now directly owns 61,714 shares of the company’s stock, valued at $8,282,018.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $134.20, for a total value of $236,863.00. Following the completion of the sale, the chief financial officer now owns 61,714 shares of the company’s stock, valued at $8,282,018.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 5,582 shares of Guidewire Software stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the sale, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The disclosure for this sale can be found here. Insiders sold a total of 13,064 shares of company stock valued at $1,710,361 over the last three months. 0.38% of the stock is currently owned by insiders.

Institutional Trading of Guidewire Software

A number of hedge funds have recently modified their holdings of GWRE. AQR Capital Management LLC lifted its holdings in shares of Guidewire Software by 32.9% in the third quarter. AQR Capital Management LLC now owns 53,084 shares of the technology company’s stock valued at $4,778,000 after purchasing an additional 13,136 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Guidewire Software by 0.5% in the third quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock valued at $724,092,000 after purchasing an additional 38,954 shares in the last quarter. Somerset Trust Co lifted its holdings in shares of Guidewire Software by 12.5% in the fourth quarter. Somerset Trust Co now owns 2,701 shares of the technology company’s stock valued at $295,000 after purchasing an additional 301 shares in the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Guidewire Software in the fourth quarter valued at $510,000. Finally, Whittier Trust Co. lifted its holdings in shares of Guidewire Software by 2.8% in the fourth quarter. Whittier Trust Co. now owns 49,907 shares of the technology company’s stock valued at $5,442,000 after purchasing an additional 1,370 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GWRE shares. Citigroup boosted their price target on Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 4th. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. Royal Bank of Canada increased their price target on Guidewire Software from $130.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. BTIG Research increased their price target on Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. Finally, Robert W. Baird increased their price target on Guidewire Software from $140.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.08.

View Our Latest Report on GWRE

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $137.84 on Thursday. Guidewire Software has a one year low of $76.18 and a one year high of $140.55. The stock has a fifty day moving average of $127.30 and a 200-day moving average of $118.37. The company has a market capitalization of $11.39 billion, a PE ratio of -1,060.23 and a beta of 1.19.

Guidewire Software (NYSE:GWREGet Free Report) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $240.68 million during the quarter, compared to the consensus estimate of $231.46 million. As a group, research analysts forecast that Guidewire Software will post -0.31 EPS for the current fiscal 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.

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