Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Short Interest Update

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) saw a significant growth in short interest in 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 company’s stock are sold short. Based on an average trading volume of 2,430,000 shares, the short-interest ratio is presently 3.4 days.

Insider Transactions at Clearwater Analytics

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

Institutional Trading of Clearwater Analytics

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its holdings in Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock valued at $86,000 after acquiring an additional 1,987 shares during the period. Jackson Square Capital LLC acquired a new position in shares of Clearwater Analytics in the fourth quarter valued at approximately $558,000. Park Avenue Securities LLC acquired a new position in shares of Clearwater Analytics in the fourth quarter valued at approximately $345,000. GAMMA Investing LLC increased its stake in shares of Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Clearwater Analytics by 348.3% during the 3rd quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock worth $2,141,000 after purchasing an additional 65,878 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CWAN. Oppenheimer upped their target price on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company increased their price objective on Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their target price for the company from $35.00 to $32.00 in a research note on Tuesday. The Goldman Sachs Group upped their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada decreased their price objective on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Clearwater Analytics Trading Up 3.4 %

CWAN stock opened at $28.01 on Friday. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 2,803.40, a price-to-earnings-growth ratio of 7.27 and a beta of 0.72. The company has a fifty day moving average price of $29.12 and a two-hundred day moving average price of $25.64. Clearwater Analytics has a one year low of $15.62 and a one year high of $35.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

Clearwater Analytics Company Profile

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.