Clearwater Analytics Sees Unusually Large Options Volume (NYSE:CWAN)

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) was the recipient of some unusual options trading activity on Tuesday. Traders bought 65,449 call options on the company. This represents an increase of 736% compared to the typical daily volume of 7,830 call options.

Insider Activity at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 134,130 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 transaction of $3,231,191.70. Following the transaction, the chief executive officer owned 1,092,923 shares of the company’s stock, valued at approximately $26,328,515.07. This trade represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James S. Cox sold 63,709 shares of Clearwater Analytics stock in a transaction dated Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $1,534,749.81. Following the completion of the transaction, the chief financial officer owned 400,691 shares of the company’s stock, valued at $9,652,646.19. This trade represents a 13.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 447,164 shares of company stock worth $10,590,768 over the last 90 days. Company insiders own 3.31% of the company’s stock.

Hedge Funds Weigh In On Clearwater Analytics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of Clearwater Analytics by 108.7% in 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. Vanguard Group Inc. raised its position in Clearwater Analytics by 21.9% in the third quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after acquiring an additional 5,967,798 shares in the last quarter. Norges Bank acquired a new stake in Clearwater Analytics in the 2nd quarter valued at about $106,504,000. Hood River Capital Management LLC bought a new position in shares of Clearwater Analytics during the 2nd quarter valued at about $99,105,000. Finally, Blair William & Co. IL boosted its position in shares of Clearwater Analytics by 83.5% during the 3rd quarter. Blair William & Co. IL now owns 7,134,647 shares of the company’s stock valued at $128,566,000 after purchasing an additional 3,245,986 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Stock Performance

NYSE CWAN traded up $0.03 during trading hours on Tuesday, hitting $24.30. The company had a trading volume of 8,229,977 shares, compared to its average volume of 14,528,682. Clearwater Analytics has a fifty-two week low of $15.73 and a fifty-two week high of $32.00. The firm has a market cap of $7.11 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 3.51 and a beta of 0.66. 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 business has a fifty day simple moving average of $22.41 and a 200-day simple moving average of $20.54.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The firm had revenue of $205.11 million during the quarter, compared to the consensus estimate of $203.66 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was up 77.1% compared to the same quarter last year. Equities analysts predict that Clearwater Analytics will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CWAN. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. William Blair restated a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. DA Davidson reiterated a “neutral” rating and set a $24.55 target price (down previously from $30.00) on shares of Clearwater Analytics in a research note on Friday. Wells Fargo & Company cut shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $27.00 to $24.55 in a report on Thursday, January 8th. Finally, Warburg Research set a $24.55 price target on shares of Clearwater Analytics in a report on Monday, December 22nd. Six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.93.

Clearwater Analytics Company Profile

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.