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

Guidewire Software, Inc. (NYSE:GWRE) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 1,297 call options on the company. Thisisanincreaseofapproximately1,563% compared to the typical volume of 78 call options.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 2,482 shares of the company’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $220.65, for a total value of $547,653.30. Following the completion of the transaction, the insider owned 37,441 shares of the company’s stock, valued at $8,261,356.65. This represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $222.31, for a total value of $311,234.00. Following the completion of the transaction, the chief executive officer directly owned 231,668 shares of the company’s stock, valued at approximately $51,502,113.08. This trade represents a 0.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,541 shares of company stock valued at $6,034,187 over the last 90 days. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Guidewire Software

A number of large investors have recently added to or reduced their stakes in GWRE. SBI Securities Co. Ltd. boosted its holdings in 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 in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software in the 1st quarter valued at about $25,000. Quarry LP acquired a new position in shares of Guidewire Software in the 1st quarter valued at about $28,000. Ossiam acquired a new position in shares of Guidewire Software in the 4th quarter valued at about $29,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Guidewire Software in the 2nd quarter valued at about $30,000.

Guidewire Software Stock Performance

Shares of NYSE:GWRE opened at $213.0850 on Friday. The company has a market capitalization of $17.94 billion, a price-to-earnings ratio of 532.71, a PEG ratio of 15.24 and a beta of 1.16. Guidewire Software has a 12 month low of $142.94 and a 12 month high of $263.20. The firm’s 50-day moving average is $226.44 and its 200 day moving average is $211.67. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company had revenue of $293.51 million during the quarter, compared to analyst estimates of $286.40 million. During the same quarter last year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. 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 EPS for the current year.

Analysts Set New Price Targets

GWRE has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Wednesday, June 4th. Wells Fargo & Company lifted their target price on Guidewire Software from $220.00 to $265.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Citigroup lifted their target price on Guidewire Software from $199.00 to $247.00 and gave the stock a “neutral” rating in a report on Thursday, June 5th. The Goldman Sachs Group lifted their target price on Guidewire Software from $235.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. lifted their target price on Guidewire Software from $271.00 to $288.00 and gave the stock an “overweight” rating in a report on Wednesday, June 25th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus price target of $250.92.

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.