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

Guidewire Software, Inc. (NYSE:GWRE) was the target of some unusual options trading on Wednesday. Stock investors purchased 1,297 call options on the stock. This represents an increase of 1,563% compared to the typical volume of 78 call options.

Guidewire Software Stock Up 1.3 %

GWRE opened at $197.52 on Thursday. The company has a 50 day moving average of $193.93 and a 200 day moving average of $184.29. The company has a market cap of $16.50 billion, a PE ratio of 548.67, a price-to-earnings-growth ratio of 37.21 and a beta of 1.25. Guidewire Software has a 12 month low of $107.00 and a 12 month high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GWRE. JMP Securities restated a “market outperform” rating and issued a $231.00 price objective on shares of Guidewire Software in a report on Friday, December 6th. Oppenheimer increased their price objective on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. The Goldman Sachs Group raised their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research report on Friday, December 6th. Finally, Robert W. Baird raised their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $204.50.

Insider Activity at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 1,509 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $258,129.54. Following the completion of the transaction, the insider now directly owns 46,728 shares in the company, valued at $7,993,291.68. The trade was a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey Elliott Cooper sold 2,828 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $483,757.68. Following the transaction, the chief financial officer now owns 74,911 shares of the company’s stock, valued at approximately $12,814,275.66. This represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,656 shares of company stock worth $7,856,836. Company insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc bought a new position in Guidewire Software in the 4th quarter valued at $25,000. Ossiam bought a new position in Guidewire Software in the 4th quarter valued at $29,000. Assetmark Inc. boosted its holdings in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares during the period. Point72 Hong Kong Ltd bought a new position in Guidewire Software in the 3rd quarter valued at $33,000. Finally, Cullen Frost Bankers Inc. bought a new position in Guidewire Software in the 4th quarter valued at $34,000.

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.