Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) was the target of some unusual options trading on Wednesday. Traders bought 1,297 call options on the company. This is an increase of 1,563% compared to the average volume of 78 call options.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Robert W. Baird boosted their price objective on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Stifel Nicolaus lifted their target price on Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. BTIG Research increased their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, August 30th. DA Davidson reaffirmed a "buy" rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Finally, Oppenheimer boosted their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. One investment 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. According to data from MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus target price of $193.00.
Check Out Our Latest Stock Report on GWRE
Insider Buying and Selling
In other Guidewire Software news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the sale, the president now owns 189,261 shares of the company's stock, valued at $37,420,684.92. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 4,956 shares of the business's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $172.70, for a total transaction of $855,901.20. Following the completion of the sale, the chief financial officer now owns 78,411 shares in the company, valued at $13,541,579.70. This represents a 5.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,601 shares of company stock valued at $9,116,179. Corporate insiders own 0.48% of the company's stock.
Institutional Investors Weigh In On Guidewire Software
Large investors have recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in Guidewire Software during the 2nd quarter valued at about $31,000. Assetmark Inc. lifted its position in Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after buying an additional 145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Guidewire Software in the 3rd quarter valued at $33,000. DT Investment Partners LLC acquired a new stake in shares of Guidewire Software in the 2nd quarter worth $41,000. Finally, Brooklyn Investment Group purchased a new position in shares of Guidewire Software during the 3rd quarter worth $42,000.
Guidewire Software Price Performance
GWRE stock traded up $3.03 during mid-day trading on Thursday, reaching $173.72. 1,259,872 shares of the company's stock were exchanged, compared to its average volume of 733,473. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 473.94, a price-to-earnings-growth ratio of 45.93 and a beta of 1.18. Guidewire Software has a 12-month low of $95.50 and a 12-month high of $209.15. The stock's 50 day moving average is $191.01 and its 200 day moving average is $161.87.
Guidewire Software Company Profile
(
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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.
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