Guidewire Software, Inc. (NYSE:GWRE – Get Rating) saw some unusual options trading activity on Wednesday. Equity investors purchased call options on 1,297 shares. That’s a 1,563% increase compared to his usual daily dose of 78 call options.
Insider activity at Guidewire Software
In another news from Guidewire Software, CEO Michael George Rosenbaum sold 7,960 shares in the company in a transaction that took place on Monday, December 19th. The shares were sold at an average price of $61.40 for a total of $488,744.00. Following the closing of the sale, the CEO now directly owns 195,755 shares in the company, valued at $12,019,357. The sale was disclosed in legal filings with the SEC available at this hyperlink. In another news from Guidewire Software, CEO Michael George Rosenbaum sold 7,960 shares of the company in a deal that took place on Monday, December 19th. The shares were sold at an average price of $61.40 for a total of $488,744.00. Following the closing of the sale, the CEO now directly owns 195,755 shares in the company, valued at $12,019,357. The sale was disclosed in legal filings with the SEC available at this hyperlink. COO Priscilla Hung also sold 2,979 shares of the company in a transaction that took place on Monday, December 19th. The shares sold at an average price of $61.40 for a total trading value of $182,910.60. Following the closing of the sale, the Chief Operating Officer now owns 67,462 shares of the Company’s stock valued at $4,142,166.80. Please see here for the disclosure of this sale. The insider said that in the past 90 days he has sold 12,516 shares of company stock worth $768,482. 0.17% of the shares are owned by internal persons.
institution inflow and outflow
Many institutional investors and hedge funds have recently increased or decreased their stakes in GWRE. Western Pacific Wealth Management LP increased its stake in Guidewire Software by 3,727.3% in the third quarter. Western Pacific Wealth Management LP now owns 421 shares in a technology company valued at $25,000 after purchasing an additional 410 shares last quarter. Riverview Trust Co increased its stake in Guidewire Software by 158.8% in the third quarter. Riverview Trust Co now owns 414 shares worth $25,000 in technology companies after purchasing an additional 254 shares last quarter. Ellevest Inc. purchased new shares of Guidewire Software in the third quarter for approximately $29,000. Fortitude Advisory Group LLC increased its stake in Guidewire Software by 94.4% in the first quarter. Fortitude Advisory Group LLC now owns 414 shares worth $38,000 in technology companies after purchasing an additional 201 shares last quarter. Finally, Charter Oak Capital Management LLC purchased new Guidewire Software stock worth approximately $39,000 in the second quarter.
Guidewire Software Trading Up 1.3%
NYSE GWRE opened Thursday at $67.24. The company has a market capitalization of $5.51 billion, a PE ratio of -28.25 and a beta of 1.20. The company has a 50-day moving average of $60.30 and a 200-day moving average of $65.95. Guidewire Software has a one-year low of $52.08 and a one-year high of $109.38. The company has a debt to equity ratio of 0.33, a current ratio of 3.73 and a quick ratio of 3.73.
Guidewire Software (NYSE:GWRE – Get Rating) last announced quarterly earnings data on Tuesday, December 6. The tech company reported his earnings per share for the quarter ($0.54), beating analyst consensus expectations ($0.67) by $0.13. Guidewire Software’s net profit margin was 23.57% and return on equity was 10.64%. The company posted $195.28 million in revenue for the quarter, compared to analyst expectations of $190.49 million. Research analysts forecast Guidewire Software’s earnings per share of -1.51 for the current year.
Wall Street Analyst Predicts Growth
Several research firms have recently commented on GWRE. DA Davidson lowered his price target for Guidewire Software from his $96.00 to his $90.00 in a research note on Thursday, Dec. 1. Robert W. Baird lowered his price target on Guidewire Software stock to $75.00 in a research note on Monday, Dec. 12. StockNews.com began reporting on his Guidewire Software shares in a research note on Wednesday, October 12th. They set a “sell” rating for the company. Wells Fargo & Company lowered its price target for Guidewire Software from $60.00 to $55.00 and set the company’s rating to “underweight” in its research notes on Wednesday, December 7. Finally, BTIG Research lowered its price target for Guidewire Software from $105.00 to $90.00 in its Wednesday, Dec. 7 research notes. Two equity research analysts gave the stock a sell rating, three issued a hold rating, and four assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $82.00.
Guidewire Software Company Profile
Guidewire Software, Inc. provides software products to property and casualty (P&C) insurers worldwide. The company offers the Guidewire InsuranceSuite Cloud, which consists of PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also offers Guidewire InsuranceNow, a cloud-based platform that provides policy, claims, and claim management capabilities for insurance companies. Guidewire Insurance Suite for Self-Managed.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to [email protected].
Listen to this before considering Guidewire Software.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat identified 5 stocks top analysts are quietly whispering to clients to buy now before the broader market catches on…and Guidewire Software wasn’t on the list .
Guidewire Software is currently rated ‘Hold’ among analysts, but top analysts believe these five stocks are better buys.
See 5 stocks here