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

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

Insider Transactions at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of Guidewire Software 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 of the company’s stock, valued at approximately $18,067,202.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $123.16, for a total transaction of $166,266.00. Following the transaction, the insider now directly owns 146,697 shares of the company’s stock, valued at approximately $18,067,202.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeffrey Elliott Cooper sold 1,765 shares of the company’s stock in a transaction that occurred 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 directly owns 61,714 shares of the company’s stock, valued at approximately $8,282,018.80. The disclosure for this sale can be found here. Insiders have sold 13,064 shares of company stock valued at $1,747,850 in the last quarter. Insiders own 0.38% of the company’s stock.

Institutional Trading of Guidewire Software

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC bought a new stake in Guidewire Software during the first quarter worth about $29,000. Transcendent Capital Group LLC bought a new stake in shares of Guidewire Software in the 4th quarter worth approximately $27,000. DT Investment Partners LLC bought a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $41,000. Lynx Investment Advisory purchased a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $41,000. Finally, Lindbrook Capital LLC increased its position in 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 buying an additional 132 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GWRE. Citigroup upped their price target on shares of Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th. Oppenheimer raised their price target on Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. The Goldman Sachs Group boosted their price objective on Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research report on Monday. BTIG Research raised their target price on shares of Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Stifel Nicolaus upped their price target on shares of Guidewire Software from $130.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $137.31.

Guidewire Software Stock Performance

Guidewire Software stock opened at $144.60 on Friday. Guidewire Software has a fifty-two week low of $78.05 and a fifty-two week high of $147.70. The stock’s 50 day simple moving average is $132.70 and its two-hundred day simple moving average is $120.89. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of -1,112.22 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last released its quarterly 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 company 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%. On average, analysts predict that Guidewire Software will post -0.31 earnings per share for the current year.

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.