Investors Purchase High Volume of Guidewire Software Call Options (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE) was the target of some unusual options trading on Wednesday. Investors bought 1,297 call options on the stock. This is an increase of approximately 1,563% compared to the average volume of 78 call options.

Insider Activity at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $405,907.18. Following the sale, the chief financial officer now owns 63,479 shares of the company’s stock, valued at approximately $8,540,464.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $123.16, for a total transaction of $166,266.00. Following the sale, the insider now directly owns 146,697 shares in the company, valued at approximately $18,067,202.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 3,017 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $405,907.18. Following the sale, the chief financial officer now directly owns 63,479 shares of the company’s stock, valued at $8,540,464.66. The disclosure for this sale can be found here. Insiders have sold a total of 13,064 shares of company stock valued at $1,747,850 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GWRE. Allspring Global Investments Holdings LLC lifted its holdings in Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after acquiring an additional 79 shares in the last quarter. Partners Capital Investment Group LLP grew its position in shares of Guidewire Software by 2.9% in the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock valued at $378,000 after purchasing an additional 99 shares during the period. Greenwich Wealth Management LLC increased its stake in Guidewire Software by 0.3% during the 4th quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock worth $4,051,000 after purchasing an additional 101 shares in the last quarter. CHICAGO TRUST Co NA raised its holdings in Guidewire Software by 4.8% during the 2nd quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock worth $392,000 after buying an additional 130 shares during the period. Finally, Lindbrook Capital LLC lifted its stake in 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 buying an additional 132 shares in the last quarter.

Analyst Upgrades and Downgrades

GWRE has been the subject of a number of research reports. BTIG Research raised their target price on Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. JPMorgan Chase & Co. boosted their target price on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 5th. Royal Bank of Canada upped their target price on shares of Guidewire Software from $130.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. 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. Finally, Wells Fargo & Company boosted their price objective on shares of Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $137.31.

Guidewire Software Stock Performance

GWRE opened at $144.85 on Friday. The company has a fifty day moving average price of $137.60 and a two-hundred day moving average price of $123.30. The firm has a market capitalization of $11.97 billion, a PE ratio of -1,114.23 and a beta of 1.19. Guidewire Software has a 52 week low of $78.05 and a 52 week high of $153.85.

Guidewire Software (NYSE:GWRE) last released its earnings results on Tuesday, June 4th. The technology company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.14. The firm had revenue of $240.68 million for the quarter, compared to analyst estimates of $231.46 million. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. Equities analysts forecast that Guidewire Software will post -0.31 EPS for the current year.

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.