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

Guidewire Software, Inc. (NYSE:GWRE) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 1,297 call options on the company. This is an increase of approximately 1,563% compared to the average volume of 78 call options.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GWRE. Royal Bank of Canada raised their target price on Guidewire Software from $130.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus lifted 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. Robert W. Baird lifted their price objective on Guidewire Software from $140.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. lifted 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. Finally, Bank of America lifted their price objective on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and an average price target of $133.08.

Guidewire Software Stock Up 1.8 %

Shares of Guidewire Software stock opened at $137.25 on Friday. Guidewire Software has a 12 month low of $74.03 and a 12 month high of $138.45. The business has a fifty day simple moving average of $122.38 and a 200 day simple moving average of $115.95. The stock has a market cap of $11.35 billion, a PE ratio of -1,055.69 and a beta of 1.14.

Insider Buying and Selling at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $134.20, for a total transaction of $236,863.00. Following the sale, the chief financial officer now owns 61,714 shares of the company’s stock, valued at approximately $8,282,018.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael George Rosenbaum sold 5,582 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total transaction of $751,002.28. Following the completion of the transaction, the chief executive officer now owns 239,793 shares in the company, valued at approximately $32,261,750.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey Elliott Cooper sold 1,765 shares of the firm’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 transaction, the chief financial officer now 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 $1,710,361 in the last 90 days. 0.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Guidewire Software

Institutional investors have recently made changes to their positions in the stock. RiverPark Advisors LLC acquired a new position in Guidewire Software in the fourth quarter valued at about $27,000. Transcendent Capital Group LLC acquired a new position in Guidewire Software in the fourth quarter valued at about $27,000. ORG Partners LLC acquired a new position in Guidewire Software in the first quarter valued at about $29,000. Lindbrook Capital LLC grew 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 acquiring an additional 132 shares during the period. Finally, GAMMA Investing LLC acquired a new position in Guidewire Software in the fourth quarter valued at about $56,000.

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.