Guidewire Software, Inc. (NYSE:GWRE - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock investors bought 1,297 call options on the stock. Thisrepresentsanincreaseof1,563% compared to the average daily volume of 78 call options.
Insider Activity at Guidewire Software
In other Guidewire Software news, President John P. Mullen sold 3,000 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $223.28, for a total value of $669,840.00. Following the completion of the sale, the president directly owned 143,489 shares in the company, valued at $32,038,223.92. This trade represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael C. Keller sold 1,000 shares of Guidewire Software stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $237.53, for a total transaction of $237,530.00. Following the transaction, the director owned 10,410 shares of the company's stock, valued at $2,472,687.30. The trade was a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,342 shares of company stock valued at $5,572,791. 0.48% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. increased its stake 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 worth $25,000 after acquiring an additional 105 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software in the first quarter worth $25,000. Quarry LP acquired a new stake in shares of Guidewire Software in the first quarter worth $28,000. Ossiam acquired a new stake in shares of Guidewire Software in the fourth quarter worth $29,000. Finally, Rise Advisors LLC acquired a new stake in shares of Guidewire Software in the first quarter worth $31,000.
Analyst Upgrades and Downgrades
GWRE has been the subject of several analyst reports. Bank of America raised their price target on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday, June 4th. Wells Fargo & Company raised their price target on shares of Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. JMP Securities raised 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. JPMorgan Chase & Co. raised their price target on shares of Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $226.00 target price on shares of Guidewire Software in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $250.92.
View Our Latest Stock Analysis on GWRE
Guidewire Software Price Performance
Shares of GWRE opened at $225.27 on Thursday. The company has a 50 day moving average price of $232.44 and a 200-day moving average price of $210.80. Guidewire Software has a fifty-two week low of $140.61 and a fifty-two week high of $263.20. The stock has a market capitalization of $18.97 billion, a PE ratio of 563.18, a PEG ratio of 15.73 and a beta of 1.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23.
Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.41. The business had revenue of $293.51 million for the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The business's quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. Equities analysts predict that Guidewire Software will post 0.52 earnings per share for the current fiscal year.
Guidewire Software Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Guidewire Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Guidewire Software wasn't on the list.
While Guidewire Software currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
