Stock Traders Purchase Large Volume of Guidewire Software Call Options (NYSE:GWRE)

Guidewire Software, Inc. (NYSE:GWRE) saw unusually large options trading on Wednesday. Stock investors acquired 1,297 call options on the stock. This is an increase of approximately 1,563% compared to the average daily volume of 78 call options.

Analysts Set New Price Targets

Several brokerages have weighed in on GWRE. Wells Fargo & Company raised their price objective on shares of Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. BTIG Research upped their price objective on Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, June 5th. The Goldman Sachs Group boosted their price target on Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Robert W. Baird raised their price objective on Guidewire Software from $140.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Finally, Citigroup boosted their target price on shares of Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $137.31.

Insider Transactions at Guidewire Software

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 sale, the insider now directly owns 146,697 shares in the company, valued at approximately $18,067,202.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $134.20, for a total value of $236,863.00. Following the completion of the transaction, the chief financial officer now directly owns 61,714 shares of the company’s stock, valued at approximately $8,282,018.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $123.16, for a total value of $166,266.00. Following the sale, the insider now directly owns 146,697 shares in the company, valued at $18,067,202.52. The disclosure for this sale can be found here. Insiders sold 13,064 shares of company stock valued at $1,747,850 over the last quarter. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GWRE. Vanguard Group Inc. raised its holdings in Guidewire Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock worth $949,430,000 after purchasing an additional 67,439 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Guidewire Software by 4.2% during the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock valued at $335,513,000 after purchasing an additional 115,600 shares during the period. Whale Rock Capital Management LLC raised its stake in shares of Guidewire Software by 23.4% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after buying an additional 240,622 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Guidewire Software by 5.4% in the first quarter. Blair William & Co. IL now owns 1,244,416 shares of the technology company’s stock valued at $145,236,000 after buying an additional 64,149 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Guidewire Software during the fourth quarter valued at about $105,311,000.

Guidewire Software Stock Up 3.0 %

Guidewire Software stock opened at $144.85 on Friday. Guidewire Software has a 52-week low of $78.05 and a 52-week high of $153.85. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of -1,114.23 and a beta of 1.19. The firm has a 50-day moving average price of $137.60 and a two-hundred day moving average price of $123.30.

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 analysts’ consensus estimates of ($0.23) by $0.14. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. The company had revenue of $240.68 million for the quarter, compared to analysts’ expectations of $231.46 million. Research analysts expect that Guidewire Software will post -0.31 earnings per share 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.