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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 10,380,000 shares, a growth of 6.0% from the September 15th total of 9,790,000 shares. Based on an average trading volume of 1,560,000 shares, the short-interest ratio is currently 6.7 days. Currently, 7.5% of the shares of the stock are sold short.

Analyst Ratings Changes

CWAN has been the topic of several recent research reports. Royal Bank of Canada increased their target price on shares of Clearwater Analytics from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Citigroup started coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 price objective on the stock. Morgan Stanley increased their target price on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday. Oppenheimer lifted their price target on Clearwater Analytics from $25.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Finally, Piper Sandler reissued a “neutral” rating and set a $23.00 price objective on shares of Clearwater Analytics in a research note on Monday, September 9th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.67.

Clearwater Analytics Stock Up 3.2 %

NYSE:CWAN traded up $0.84 during mid-day trading on Thursday, hitting $27.14. 1,114,894 shares of the company’s stock were exchanged, compared to its average volume of 1,457,396. The company has a market cap of $6.67 billion, a PE ratio of -339.38, a P/E/G ratio of 9.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.78 and a quick ratio of 4.78. Clearwater Analytics has a one year low of $15.62 and a one year high of $27.16. The business has a fifty day moving average price of $24.57 and a 200 day moving average price of $20.72.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $106.79 million for the quarter, compared to the consensus estimate of $105.51 million. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) earnings per share. Equities analysts predict that Clearwater Analytics will post 0.14 EPS for the current year.

Insider Buying and Selling

In related news, CFO James S. Cox sold 18,700 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total value of $489,192.00. Following the sale, the chief financial officer now owns 224,044 shares in the company, valued at approximately $5,860,991.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Clearwater Analytics news, insider Subi Sethi sold 21,497 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $24.30, for a total value of $522,377.10. Following the completion of the transaction, the insider now owns 81,812 shares of the company’s stock, valued at $1,988,031.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total transaction of $489,192.00. Following the sale, the chief financial officer now owns 224,044 shares in the company, valued at approximately $5,860,991.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,879,543 shares of company stock valued at $247,145,339. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Clearwater Analytics

Large investors have recently bought and sold shares of the business. Wasatch Advisors LP lifted its holdings in shares of Clearwater Analytics by 35.6% during the 1st quarter. Wasatch Advisors LP now owns 16,391,308 shares of the company’s stock valued at $289,962,000 after buying an additional 4,304,286 shares during the period. Vanguard Group Inc. lifted its holdings in Clearwater Analytics by 36.6% in the fourth quarter. Vanguard Group Inc. now owns 12,912,046 shares of the company’s stock valued at $258,628,000 after acquiring an additional 3,461,158 shares during the period. William Blair Investment Management LLC boosted its position in Clearwater Analytics by 42.5% in the first quarter. William Blair Investment Management LLC now owns 10,364,266 shares of the company’s stock worth $183,344,000 after purchasing an additional 3,090,352 shares during the last quarter. Hood River Capital Management LLC bought a new stake in shares of Clearwater Analytics during the 2nd quarter valued at about $43,280,000. Finally, Bamco Inc. NY increased its position in shares of Clearwater Analytics by 30.8% during the 1st quarter. Bamco Inc. NY now owns 5,359,172 shares of the company’s stock valued at $94,804,000 after purchasing an additional 1,262,150 shares during the last quarter. 50.10% of the stock is currently owned by 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.