Guidewire Software, Inc. (NYSE:GWRE – Get Rating) was targeted Wednesday by an unusually large amount of options trading activity. A stock trader acquired his 1,297 call options on the company. This is an increase of approximately 1,563% compared to the normal volume of 78 calling options.
Insider trading with Guidewire Software
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In another Guidewire Software news, COO Priscilla Hung sold 2,979 shares of Guidewire Software stock on Monday, December 19th. The shares sold for an average of $61.40, giving her a total of $182,910.60. Following the closing of the transaction, the Chief Operating Officer now owns 67,462 shares of the Company’s stock valued at $4,142,166.80. The transaction was disclosed in SEC filings that can be accessed through the SEC’s website. In another Guidewire Software news, her COO, Priscilla Hung, sold her 2,979 shares of Guidewire Software stock on Monday, December 19th. The shares sold for an average of $61.40, giving her a total of $182,910.60. Following the closing of the transaction, the Chief Operating Officer now owns 67,462 shares of the Company’s stock valued at $4,142,166.80. The transaction was disclosed in SEC filings that can be accessed through the SEC’s website. Also, CEO Michael George Rosenbaum sold 7,960 shares of his Guidewire Software stock on Monday, December 19th. The shares sold at an average price of $61.40 for a total transaction value of $488,744.00. Following the closing of the transaction, the CEO now directly owns 195,755 shares of the Company’s stock valued at approximately $12,019,357. Please see here for the disclosure of this sale. Last quarter, the insider sold 22,063 shares of his company stock worth $1,436,772. 0.17% of the shares are currently owned by company insiders.
Institutional investors consider Guidewire software
Several hedge funds and other institutional investors have recently bought and sold shares of GWRE. Western Pacific Wealth Management LP increased his position at 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 acquiring an additional 410 shares last quarter. Riverview Trust Co increased its position in Guidewire Software by 158.8% in the third quarter. Riverview Trust Co now owns 414 shares of technology company valued at $25,000 after acquiring an additional 254 shares last quarter. Ellevest Inc. purchased a new position in Guidewire Software in the third quarter for approximately $29,000. Charter Oak Capital Management LLC purchased a new position in Guidewire Software in the second quarter for approximately $39,000. Finally, CWM LLC increased its Guidewire Software stake by 875.3% in the third quarter. CWM LLC now owns 751 shares of technology company valued at $46,000 after purchasing an additional 674 shares last quarter.
Analyst upgrades and downgrades
Many equity research analysts have published reports on the company. StockNews.com published an article about Guidewire software in its research notes on Wednesday, October 12th. They gave the stock a sell rating.BTIG Research lowered Guidewire Software’s target price from $105.00 to his $90.00 in a research note on Wednesday, Dec. 7. Robert W. Baird lowered Guidewire Software’s target price to $75.00 in a research note on Monday, December 12th. DA Davidson lowered Guidewire Software’s target price from $96.00 to $90.00 in a research note on Thursday, December 1st. Finally, Citigroup lowered Guidewire Software’s target price from $79.00 to $67.00 in his Wednesday, Dec. 7 research note. Two of his analysts gave the stock a sell rating, three gave a hold rating, and five assigned a buy rating to the company. According to MarketBeat.com, the current consensus rating for the stock is ‘Hold’ with an average price target of $82.55.
GUIDEWIRE SOFTWARE PRICE/PERFORMANCE
NYSE GWRE shares opened Thursday at $71.72. On Guidewire Software, his 52-week low is $52.08 and his 52-week high is $103.11. The company has a 50-day simple moving average of $62.85 and a 200-day simple moving average of $65.67. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt to equity ratio of 0.33. The stock has a market cap of $5.87 billion, a P/E of -30.13 and a beta of 1.20.
Guidewire Software (NYSE:GWRE – Get Rating) last reported quarterly results on Tuesday, Dec. 6. The tech company reported EPS for the quarter ($0.54), beating the consensus estimate ($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. Equity analysts expect Guidewire Software to see his EPS of -1.51 this year.
About Guidewire Software
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.
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