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

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

Insider Transactions at Guidewire Software

In related news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the completion of the transaction, the insider now owns 146,697 shares in the company, valued at $18,067,202.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Michael George Rosenbaum sold 5,582 shares of the 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 sale, the chief executive officer now owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the completion of the sale, the insider now directly owns 146,697 shares in the company, valued at approximately $18,067,202.52. 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. Corporate insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

Hedge funds have recently added to or reduced their stakes in the stock. RiverPark Advisors LLC acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $27,000. ORG Partners LLC acquired a new stake in shares of Guidewire Software in the first quarter valued at approximately $29,000. Lindbrook Capital LLC boosted its holdings in shares of Guidewire Software by 45.7% in the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after acquiring an additional 132 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $56,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on GWRE. Bank of America raised their price target on shares of Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a report on Wednesday, June 5th. DA Davidson restated a “buy” rating and issued a $126.00 price target on shares of Guidewire Software in a report on Tuesday, March 5th. Robert W. Baird raised their price target on shares of Guidewire Software from $140.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Wells Fargo & Company raised their price target on shares of Guidewire Software from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, June 21st. Finally, BTIG Research lifted their target price on shares of Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. One investment 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 data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $130.00.

Guidewire Software Stock Performance

GWRE stock opened at $134.86 on Thursday. The company’s 50 day moving average price is $121.79 and its 200 day moving average price is $115.80. Guidewire Software has a fifty-two week low of $71.84 and a fifty-two week high of $138.15. The firm has a market capitalization of $11.15 billion, a price-to-earnings ratio of -1,037.30 and a beta of 1.14.

About Guidewire Software

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.