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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 6,900,000 shares, a decrease of 17.0% from the February 13th total of 8,310,000 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,550,000 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CWAN shares. Wells Fargo & Company increased their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their target price for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their target price for the company from $28.00 to $36.00 in a report on Thursday, February 20th. Royal Bank of Canada increased their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.80.

Clearwater Analytics Trading Up 0.1 %

CWAN traded up $0.02 during trading on Tuesday, hitting $26.61. 2,419,844 shares of the stock traded hands, compared to its average volume of 1,897,081. The firm has a market capitalization of $6.68 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The firm has a 50-day moving average of $28.30 and a 200 day moving average of $27.76. Clearwater Analytics has a 12-month low of $15.62 and a 12-month high of $35.71.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million for the quarter, compared to analysts’ expectations of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. Equities research analysts anticipate that Clearwater Analytics will post 0.18 EPS for the current year.

Insider Transactions at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00. Following the transaction, the chief executive officer now owns 615,855 shares of the company’s stock, valued at $15,944,485.95. This represents a 7.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.58, for a total transaction of $497,046.00. Following the completion of the transaction, the chief financial officer now directly owns 358,502 shares in the company, valued at $9,528,983.16. The trade was a 4.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock valued at $18,688,862 in the last quarter. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Clearwater Analytics

Several institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its position in shares of Clearwater Analytics by 21.1% in the 4th quarter. California State Teachers Retirement System now owns 182,839 shares of the company’s stock worth $5,032,000 after purchasing an additional 31,802 shares during the period. Cim LLC lifted its position in shares of Clearwater Analytics by 556.1% in the 4th quarter. Cim LLC now owns 60,748 shares of the company’s stock worth $1,672,000 after purchasing an additional 51,489 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Clearwater Analytics in the 4th quarter worth about $8,580,000. Mackenzie Financial Corp lifted its position in shares of Clearwater Analytics by 21.7% in the 4th quarter. Mackenzie Financial Corp now owns 10,996 shares of the company’s stock worth $303,000 after purchasing an additional 1,960 shares during the period. Finally, Neo Ivy Capital Management purchased a new stake in shares of Clearwater Analytics in the 4th quarter worth about $3,362,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

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.