Stock Traders 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 purchased 1,297 call options on the stock. This represents an increase of approximately 1,563% compared to the typical volume of 78 call options.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the sale, the chief executive officer now owns 274,730 shares in the company, valued at $58,979,036.40. The trade was a 0.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President John P. Mullen sold 7,165 shares of Guidewire Software stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the sale, the president now owns 182,096 shares of the company’s stock, valued at $31,149,341.76. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,156 shares of company stock worth $6,522,757. 0.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Guidewire Software

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atomi Financial Group Inc. boosted its holdings in shares of Guidewire Software by 22.2% in the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company’s stock worth $453,000 after buying an additional 488 shares during the last quarter. Donoghue Forlines LLC purchased a new position in shares of Guidewire Software in the 4th quarter worth about $2,110,000. Icon Wealth Advisors LLC boosted its holdings in shares of Guidewire Software by 72.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 5,984 shares of the technology company’s stock worth $1,095,000 after buying an additional 2,512 shares during the last quarter. GDS Wealth Management boosted its holdings in shares of Guidewire Software by 618.5% in the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company’s stock worth $3,161,000 after buying an additional 16,142 shares during the last quarter. Finally, Whale Rock Capital Management LLC lifted its holdings in Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock valued at $177,954,000 after purchasing an additional 31,512 shares during the last quarter.

Analyst Ratings Changes

GWRE has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Wells Fargo & Company boosted their price target on shares of Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Royal Bank of Canada boosted their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. The Goldman Sachs Group boosted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $204.50.

Guidewire Software Price Performance

GWRE opened at $213.29 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a market capitalization of $17.81 billion, a price-to-earnings ratio of 592.48, a P/E/G ratio of 37.63 and a beta of 1.25. The firm’s fifty day moving average price is $189.01 and its two-hundred day moving average price is $180.49. Guidewire Software has a 1 year low of $107.00 and a 1 year high of $219.59.

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.