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

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

Guidewire Software Stock Up 0.6 %

Shares of NYSE:GWRE opened at $218.12 on Thursday. The company has a market capitalization of $18.22 billion, a PE ratio of 605.90, a price-to-earnings-growth ratio of 54.93 and a beta of 1.25. Guidewire Software has a 1 year low of $107.00 and a 1 year high of $218.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The business has a fifty day moving average price of $184.37 and a two-hundred day moving average price of $175.73.

Analysts Set New Price Targets

GWRE has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Guidewire Software in a research report on Thursday, January 23rd. They set a “buy” rating and a $210.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Royal Bank of Canada upped their target price on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Oppenheimer lifted their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, JMP Securities restated a “market outperform” rating and set a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $202.00.

Insiders Place Their Bets

In other news, President John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the sale, the president now directly owns 189,261 shares in the company, valued at approximately $37,420,684.92. This trade represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $208.42, for a total transaction of $291,788.00. Following the completion of the transaction, the chief executive officer now directly owns 276,130 shares of the company’s stock, valued at approximately $57,551,014.60. The trade was a 0.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,106 shares of company stock worth $6,489,127 in the last 90 days. Company insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GWRE. Atomi Financial Group Inc. grew its holdings in Guidewire Software by 22.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock valued at $453,000 after buying an additional 488 shares in the last quarter. Donoghue Forlines LLC bought a new position in Guidewire Software in the 4th quarter valued at $2,110,000. Icon Wealth Advisors LLC grew its position in shares of Guidewire Software by 72.4% during the 3rd 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. Whale Rock Capital Management LLC grew its position in shares of 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 purchasing an additional 31,512 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Guidewire Software by 326.8% in the third quarter. Cerity Partners LLC now owns 21,799 shares of the technology company’s stock worth $3,988,000 after purchasing an additional 16,692 shares during the period.

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.