Short Interest in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Declines By 24.2%

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 14,088,919 shares, a drop of 24.2% from the February 26th total of 18,597,309 shares. Currently, 4.9% of the company’s shares are sold short. Based on an average daily volume of 4,608,816 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. William Blair reissued a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Weiss Ratings cut Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Oppenheimer lowered Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Finally, DA Davidson restated a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a research note on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.17.

Clearwater Analytics Stock Up 0.4%

NYSE:CWAN traded up $0.11 during midday trading on Tuesday, reaching $23.66. 6,121,041 shares of the stock traded hands, compared to its average volume of 10,376,051. Clearwater Analytics has a 12-month low of $15.73 and a 12-month high of $27.09. The business has a 50-day moving average of $23.56 and a two-hundred day moving average of $21.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $6.99 billion, a PE ratio of -168.95, a price-to-earnings-growth ratio of 3.26 and a beta of 0.67.

Insider Activity

In related news, CRO Scott Stanley Erickson sold 74,530 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $1,746,983.20. Following the completion of the sale, the executive directly owned 138,630 shares in the company, valued at $3,249,487.20. The trade was a 34.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO James S. Cox sold 93,930 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total transaction of $2,201,719.20. Following the completion of the sale, the chief financial officer directly owned 474,114 shares of the company’s stock, valued at approximately $11,113,232.16. This trade represents a 16.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,002,699 shares of company stock valued at $23,741,841. Company insiders own 3.31% of the company’s stock.

Institutional Trading of Clearwater Analytics

Several hedge funds and other institutional investors have recently made changes to their positions in CWAN. EverSource Wealth Advisors LLC grew its stake in Clearwater Analytics by 211.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after buying an additional 720 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Clearwater Analytics in the fourth quarter valued at about $26,000. Versant Capital Management Inc boosted its holdings in Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after acquiring an additional 1,024 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in shares of Clearwater Analytics by 54.9% during the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after acquiring an additional 640 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of Clearwater Analytics by 627.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after acquiring an additional 1,186 shares during the last quarter. Hedge funds and other institutional investors 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.