Guidewire Software Target of Unusually Large Options Trading (NYSE:GWRE)

Key Points

• Guidewire Software experienced an extraordinary spike in call options trading, with a 1,563% increase from the average daily volume, signaling heightened interest among traders.
• Multiple analysts have raised their target prices for Guidewire Software, with JPMorgan increasing it to $288.00 and Wells Fargo to $265.00, reflecting positive outlooks on the company's performance.
• Insider selling was noted, with CEO Michael Rosenbaum and President John Mullen selling hundreds of shares, indicating potential profit-taking amidst fluctuating stock performance.

Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 1,297 call options on the stock. Thisrepresentsanincreaseof1,563% compared to the typical daily volume of 78 call options.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. JMP Securities increased their price target on shares of Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research report on Wednesday, June 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen raised shares of Guidewire Software from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $250.92.

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $222.31, for a total value of $311,234.00. Following the transaction, the chief executive officer owned 231,668 shares in the company, valued at $51,502,113.08. The trade was a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President John P. Mullen sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total value of $705,150.00. Following the completion of the transaction, the president directly owned 146,489 shares of the company's stock, valued at approximately $34,432,239.45. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,541 shares of company stock worth $6,034,187. 0.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Guidewire Software

Several institutional investors have recently made changes to their positions in GWRE. SBI Securities Co. Ltd. grew its position in shares of Guidewire Software by 403.8% in the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock valued at $25,000 after purchasing an additional 105 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in Guidewire Software during the 1st quarter worth about $25,000. Quarry LP bought a new position in Guidewire Software in the 1st quarter worth about $28,000. Ossiam purchased a new position in Guidewire Software during the 4th quarter valued at about $29,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Guidewire Software during the second quarter valued at about $30,000.

Guidewire Software Price Performance

NYSE GWRE opened at $216.2560 on Thursday. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. The company has a market cap of $18.21 billion, a PE ratio of 540.64, a price-to-earnings-growth ratio of 15.06 and a beta of 1.16. Guidewire Software has a 52 week low of $142.94 and a 52 week high of $263.20. The firm's 50-day simple moving average is $227.19 and its two-hundred day simple moving average is $211.67.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company's revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the company earned $0.26 earnings per share. Guidewire Software has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts predict that Guidewire Software will post 0.52 earnings per share for the current year.

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.

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