Stock Traders Purchase Large Volume of Guidewire Software Call Options (NYSE:GWRE)

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

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $213.29 on Thursday. The business’s 50 day moving average price is $189.01 and its 200 day moving average price is $180.49. The company has a market cap of $17.81 billion, a price-to-earnings ratio of 592.48, a PEG ratio of 37.63 and a beta of 1.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software has a one year low of $107.00 and a one year high of $219.59.

Insiders Place Their Bets

In other news, CFO Jeffrey Elliott Cooper sold 2,828 shares of the firm’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 $483,757.68. Following the sale, the chief financial officer now directly owns 74,911 shares in the company, valued at $12,814,275.66. This trade represents a 3.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President John P. Mullen sold 7,165 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,225,644.90. Following the completion of the transaction, the president now directly owns 182,096 shares of the company’s stock, valued at $31,149,341.76. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,156 shares of company stock worth $6,522,757. Corporate insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in Guidewire Software by 10.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock worth $100,000 after purchasing an additional 56 shares during the last quarter. Hanseatic Management Services Inc. increased its holdings in shares of Guidewire Software by 12.1% during the 4th quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock worth $91,000 after buying an additional 58 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Guidewire Software by 21.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after buying an additional 60 shares during the period. Norden Group LLC lifted its holdings in Guidewire Software by 5.2% in the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock valued at $208,000 after acquiring an additional 61 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its position in Guidewire Software by 1.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock worth $681,000 after acquiring an additional 75 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Oppenheimer upped their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. DA Davidson reiterated a “buy” rating and issued a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. JMP Securities restated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned 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 price target of $204.50.

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.