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

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock traders bought 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.

Insider Buying and Selling at Guidewire Software

In other news, President John P. Mullen sold 1,350 shares of the company's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the sale, the president now directly owns 190,611 shares in the company, valued at approximately $35,773,872.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $187.68, for a total value of $253,368.00. Following the sale, the president now directly owns 190,611 shares of the company's stock, valued at $35,773,872.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 23,379 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock valued at $9,050,448 in the last 90 days. Insiders own 0.38% of the company's stock.

Hedge Funds Weigh In On Guidewire Software

Several hedge funds have recently modified their holdings of GWRE. Rothschild Investment LLC bought a new position in Guidewire Software during the second quarter valued at about $31,000. ORG Partners LLC bought a new stake in shares of Guidewire Software during the 1st quarter valued at $29,000. DT Investment Partners LLC bought a new stake in shares of Guidewire Software in the 2nd quarter valued at $41,000. Lynx Investment Advisory bought a new stake in shares of Guidewire Software in the 2nd quarter valued at $41,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock valued at $63,000 after buying an additional 60 shares in the last quarter.

Guidewire Software Trading Down 1.7 %

Shares of NYSE:GWRE traded down $3.24 on Thursday, hitting $186.29. The company had a trading volume of 745,592 shares, compared to its average volume of 696,542. The company has a market cap of $15.56 billion, a PE ratio of -2,328.63, a PEG ratio of 48.42 and a beta of 1.19. The business has a 50 day moving average of $173.01 and a 200 day moving average of $145.43. Guidewire Software has a 52-week low of $86.49 and a 52-week high of $191.48.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.08. The firm had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. Guidewire Software's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 earnings per share. As a group, equities analysts predict that Guidewire Software will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GWRE shares. Wells Fargo & Company increased their price objective on shares of Guidewire Software from $200.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. The Goldman Sachs Group increased their price objective on shares of Guidewire Software from $146.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, July 22nd. Stifel Nicolaus raised their target price on shares of Guidewire Software from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Oppenheimer restated an "outperform" rating and issued a $200.00 target price (up from $185.00) on shares of Guidewire Software in a research note on Friday, October 11th. Finally, Robert W. Baird raised their target price on shares of Guidewire Software from $175.00 to $204.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $178.62.

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.