Investors Buy Large Volume of Clearwater Analytics Call Options (NYSE:CWAN)

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) was the target of unusually large options trading activity on Wednesday. Traders bought 40,807 call options on the company. This is an increase of approximately 328% compared to the average daily volume of 9,528 call options.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Warburg Research set a $24.55 price objective on shares of Clearwater Analytics in a research note on Monday, December 22nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. Oppenheimer downgraded shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. Finally, Loop Capital cut Clearwater Analytics from a “buy” rating to a “hold” rating and decreased their target price for the stock from $25.00 to $24.55 in a report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.21.

Clearwater Analytics Price Performance

CWAN stock traded down $0.13 during trading on Wednesday, reaching $23.68. The company’s stock had a trading volume of 7,715,087 shares, compared to its average volume of 15,084,860. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average is $23.44 and its 200-day moving average is $20.78. The company has a market capitalization of $6.93 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 3.44 and a beta of 0.66. Clearwater Analytics has a 1 year low of $15.73 and a 1 year high of $32.00.

Insiders Place Their Bets

In related news, insider Subi Sethi sold 25,646 shares of Clearwater Analytics stock in a transaction on Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $617,812.14. Following the completion of the sale, the insider owned 277,189 shares of the company’s stock, valued at $6,677,483.01. The trade was a 8.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Scott Stanley Erickson sold 44,386 shares of the stock in a transaction dated Thursday, January 1st. The shares were sold at an average price of $24.09, for a total value of $1,069,258.74. Following the completion of the transaction, the executive directly owned 72,917 shares in the company, valued at approximately $1,756,570.53. This represents a 37.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 457,164 shares of company stock worth $10,829,668 in the last 90 days. Insiders own 3.31% of the company’s stock.

Institutional Trading of Clearwater Analytics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Clearwater Analytics by 21.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after purchasing an additional 5,967,798 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock valued at $320,642,000 after buying an additional 9,268,950 shares during the period. Wasatch Advisors LP grew its stake in shares of Clearwater Analytics by 3.0% during the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock valued at $209,813,000 after buying an additional 274,664 shares during the last quarter. Bamco Inc. NY raised its holdings in shares of Clearwater Analytics by 25.9% in the third quarter. Bamco Inc. NY now owns 7,675,038 shares of the company’s stock worth $138,304,000 after buying an additional 1,580,323 shares during the period. Finally, Norges Bank bought a new stake in shares of Clearwater Analytics during the 4th quarter worth approximately $184,271,000. Institutional investors own 50.10% of the company’s stock.

About Clearwater Analytics

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.