Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Sees Significant Increase in Short Interest

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 8,320,000 shares, a growth of 13.4% from the December 15th total of 7,340,000 shares. Currently, 4.7% of the shares of the stock are sold short. Based on an average trading volume of 2,430,000 shares, the short-interest ratio is currently 3.4 days.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.34, for a total value of $121,912.60. Following the completion of the sale, the executive now owns 6,373 shares in the company, valued at approximately $199,729.82. This represents a 37.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $30.34, for a total value of $567,358.00. Following the transaction, the chief financial officer now owns 219,044 shares in the company, valued at approximately $6,645,794.96. This represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 253,052 shares of company stock valued at $7,182,724 over the last ninety days. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Clearwater Analytics in the third quarter valued at approximately $3,677,000. Loomis Sayles & Co. L P boosted its position in Clearwater Analytics by 11.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after buying an additional 327,880 shares during the period. Swiss National Bank grew its stake in shares of Clearwater Analytics by 8.5% in the third quarter. Swiss National Bank now owns 312,900 shares of the company’s stock worth $7,901,000 after acquiring an additional 24,600 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Clearwater Analytics during the third quarter worth $523,000. Finally, Principal Financial Group Inc. raised its stake in shares of Clearwater Analytics by 348.3% in the third quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock valued at $2,141,000 after acquiring an additional 65,878 shares in the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CWAN. Royal Bank of Canada dropped their target price on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Wells Fargo & Company lifted their target price on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price target for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Finally, Piper Sandler lifted their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.33.

Clearwater Analytics Stock Up 3.4 %

Clearwater Analytics stock opened at $28.01 on Monday. The company has a market capitalization of $6.92 billion, a PE ratio of 2,803.40, a price-to-earnings-growth ratio of 7.27 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The firm has a 50 day moving average price of $29.12 and a 200 day moving average price of $25.74.

About Clearwater Analytics

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.