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

Guidewire Software, Inc. (NYSE:GWRE) was the recipient of unusually large options trading activity on Wednesday. Stock 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.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $110.85 on Thursday. The firm has a market cap of $9.13 billion, a PE ratio of -178.79 and a beta of 1.15. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. Guidewire Software has a 1-year low of $68.45 and a 1-year high of $122.35. The company has a fifty day moving average price of $114.50 and a 200 day moving average price of $107.17.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 7th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.22. Guidewire Software had a negative net margin of 5.48% and a negative return on equity of 3.60%. The firm had revenue of $240.90 million for the quarter, compared to analysts’ expectations of $240.93 million. Research analysts predict that Guidewire Software will post -0.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the sale, the insider now owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Monday, April 15th. The shares were sold at an average price of $111.35, for a total transaction of $150,322.50. Following the completion of the sale, the insider now owns 148,047 shares of the company’s stock, valued at approximately $16,485,033.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the sale, the insider now directly owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,435 shares of company stock valued at $1,053,821. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise bought a new stake in Guidewire Software during the 3rd quarter worth about $25,000. RiverPark Advisors LLC bought a new stake in Guidewire Software during the 4th quarter worth about $27,000. Transcendent Capital Group LLC bought a new stake in Guidewire Software during the 4th quarter worth about $27,000. CENTRAL TRUST Co bought a new stake in Guidewire Software during the 3rd quarter worth about $29,000. Finally, Castleview Partners LLC bought a new stake in Guidewire Software during the 3rd quarter worth about $40,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GWRE shares. Raymond James started coverage on shares of Guidewire Software in a report on Thursday, February 1st. They issued an “outperform” rating and a $125.00 price target for the company. DA Davidson reissued 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 boosted their price target on shares of Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, Oppenheimer boosted their price target on shares of Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $115.11.

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.