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

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

Analyst Ratings Changes

GWRE has been the subject of several recent research reports. DA Davidson reissued a “buy” rating and set a $126.00 price target on shares of Guidewire Software in a report on Tuesday, March 5th. Citigroup boosted their price target on Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a report on Tuesday, June 4th. Royal Bank of Canada boosted their price objective on Guidewire Software from $130.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on Guidewire Software from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $133.08.

Guidewire Software Stock Up 1.8 %

Shares of NYSE:GWRE opened at $137.25 on Friday. The stock has a market cap of $11.35 billion, a P/E ratio of -1,055.69 and a beta of 1.14. The business’s 50 day moving average is $122.38 and its 200 day moving average is $115.95. Guidewire Software has a 52-week low of $74.03 and a 52-week high of $138.45.

Insiders Place Their Bets

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $134.20, for a total value of $236,863.00. Following the completion of the sale, the chief financial officer now owns 61,714 shares of the company’s stock, valued at approximately $8,282,018.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $134.20, for a total value of $236,863.00. Following the completion of the sale, the chief financial officer now owns 61,714 shares of the company’s stock, valued at $8,282,018.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,582 shares of Guidewire Software stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the sale, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,064 shares of company stock valued at $1,710,361. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Partners Capital Investment Group LLP grew its position in Guidewire Software by 2.9% during the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock worth $378,000 after purchasing an additional 99 shares during the period. Greenwich Wealth Management LLC grew its position in shares of Guidewire Software by 0.3% during the 4th quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock valued at $4,051,000 after acquiring an additional 101 shares during the period. Lindbrook Capital LLC grew its position in shares of Guidewire Software by 45.7% during the 4th 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. Parkside Financial Bank & Trust grew its position in shares of Guidewire Software by 8.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock valued at $197,000 after acquiring an additional 142 shares during the period. Finally, CWM LLC grew its position in shares of Guidewire Software by 18.4% during the 4th quarter. CWM LLC now owns 1,154 shares of the technology company’s stock valued at $126,000 after acquiring an additional 179 shares during the period.

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.