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

Guidewire Software, Inc. (NYSE:GWRE) was the recipient of unusually large options trading on Wednesday. Investors acquired 1,297 call options on the stock. This is an increase of 1,563% compared to the typical volume of 78 call options.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 5,932 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the completion of the transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Winston King sold 794 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $174.43, for a total transaction of $138,497.42. Following the completion of the sale, the insider now owns 45,934 shares in the company, valued at $8,012,267.62. This represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,347 shares of company stock valued at $4,057,594. 0.48% of the stock is currently owned by insiders.

Institutional Trading of Guidewire Software

Several large investors have recently made changes to their positions in GWRE. Mirae Asset Global Investments Co. Ltd. grew its position in Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after acquiring an additional 60 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Guidewire Software by 4.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock valued at $283,000 after purchasing an additional 79 shares during the last quarter. CIBC Asset Management Inc increased its position in Guidewire Software by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after purchasing an additional 87 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Guidewire Software by 1.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock valued at $1,252,000 after purchasing an additional 116 shares during the last quarter. Finally, Legacy Advisors LLC boosted its position in Guidewire Software by 1.6% in the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock valued at $1,148,000 after buying an additional 135 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GWRE. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, December 6th. Oppenheimer lifted their price target on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. BTIG Research lifted their target price on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, JMP Securities restated a “market outperform” rating and issued a $231.00 target price on shares of Guidewire Software in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $193.00.

Guidewire Software Trading Up 0.5 %

Shares of NYSE:GWRE opened at $174.62 on Thursday. The business’s 50 day simple moving average is $188.71 and its 200 day simple moving average is $165.65. Guidewire Software has a 1 year low of $102.66 and a 1 year high of $209.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 1.55. The company has a market capitalization of $14.58 billion, a P/E ratio of 485.06, a P/E/G ratio of 45.60 and a beta of 1.18.

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.