Short Interest in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Rises By 74.2%

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) saw a significant increase in short interest in February. As of February 13th, there was short interest totaling 19,958,786 shares, an increase of 74.2% from the January 29th total of 11,459,706 shares. Currently, 7.1% of the company’s stock are short sold. Based on an average trading volume of 15,593,059 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 15,593,059 shares, the short-interest ratio is presently 1.3 days. Currently, 7.1% of the company’s stock are short sold.

Clearwater Analytics Stock Performance

NYSE:CWAN traded down $0.05 during trading hours on Friday, reaching $23.41. The company had a trading volume of 7,004,166 shares, compared to its average volume of 11,992,842. Clearwater Analytics has a 1-year low of $15.73 and a 1-year high of $31.49. The firm has a market cap of $6.92 billion, a PE ratio of -167.19, a price-to-earnings-growth ratio of 3.25 and a beta of 0.67. The business’s 50 day moving average price is $23.87 and its 200-day moving average price is $21.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.83.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CWAN. UBS Group lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $24.55 in a research note on Monday, January 26th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday. Jefferies Financial Group downgraded Clearwater Analytics to a “hold” rating in a report on Friday, January 16th. JPMorgan Chase & Co. dropped their target price on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Loop Capital lowered shares of Clearwater Analytics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $25.00 to $24.55 in a research report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.17.

Insiders Place Their Bets

In other news, CTO Souvik Das sold 88,848 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total transaction of $2,082,597.12. Following the transaction, the chief technology officer directly owned 207,132 shares of the company’s stock, valued at approximately $4,855,174.08. This represents a 30.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Scott Stanley Erickson sold 74,530 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total value of $1,746,983.20. Following the sale, the executive owned 138,630 shares of the company’s stock, valued at approximately $3,249,487.20. This represents a 34.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,002,699 shares of company stock valued at $23,692,518. 3.31% of the stock is currently owned by company insiders.

Institutional Trading of Clearwater Analytics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC raised its position in shares of Clearwater Analytics by 27.2% in the fourth quarter. Essex Investment Management Co. LLC now owns 2,298 shares of the company’s stock worth $55,000 after acquiring an additional 492 shares during the period. Mackenzie Financial Corp increased its stake in shares of Clearwater Analytics by 3.7% in the 4th quarter. Mackenzie Financial Corp now owns 15,466 shares of the company’s stock valued at $372,000 after purchasing an additional 545 shares in the last quarter. Cim LLC raised its holdings in Clearwater Analytics by 0.8% in the 3rd quarter. Cim LLC now owns 66,184 shares of the company’s stock worth $1,193,000 after purchasing an additional 557 shares during the period. Hilltop National Bank boosted its position in Clearwater Analytics by 12.6% during the third quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock worth $100,000 after purchasing an additional 619 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Clearwater Analytics by 84.6% in the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after purchasing an additional 708 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Company Profile

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.