Short Interest in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Grows By 20.3%

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 16,955,936 shares, an increase of 20.3% from the March 15th total of 14,088,919 shares. Currently, 5.9% of the shares of the company are sold short. Based on an average daily volume of 4,605,352 shares, the days-to-cover ratio is presently 3.7 days.

Clearwater Analytics Price Performance

Clearwater Analytics stock traded down $0.01 during mid-day trading on Friday, hitting $24.10. 2,196,798 shares of the company were exchanged, compared to its average volume of 4,348,041. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $23.54 and a 200 day moving average of $22.04. Clearwater Analytics has a 1-year low of $15.73 and a 1-year high of $25.07. The company has a market capitalization of $7.12 billion, a PE ratio of -172.13, a price-to-earnings-growth ratio of 3.35 and a beta of 0.64.

Insider Transactions at Clearwater Analytics

In related news, CRO Scott Stanley Erickson sold 74,530 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $1,746,983.20. Following the completion of the transaction, the executive directly owned 138,630 shares of the company’s stock, valued at $3,249,487.20. This trade represents a 34.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sandeep Sahai sold 233,813 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $5,480,576.72. Following the completion of the transaction, the chief executive officer directly owned 1,357,138 shares of the company’s stock, valued at approximately $31,811,314.72. This trade represents a 14.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 780,842 shares of company stock valued at $18,358,880 over the last 90 days. Corporate insiders own 3.31% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. grew its holdings in shares of Clearwater Analytics by 28.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 44,848 shares of the company’s stock worth $1,082,000 after purchasing an additional 9,890 shares during the last quarter. Larry Mathis Financial Planning LLC bought a new stake in shares of Clearwater Analytics during the fourth quarter worth $228,000. Ovata Capital Management Ltd bought a new stake in shares of Clearwater Analytics during the fourth quarter worth $6,811,000. Alberta Investment Management Corp bought a new stake in shares of Clearwater Analytics during the fourth quarter worth $13,850,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Clearwater Analytics during the fourth quarter worth $400,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on CWAN shares. UBS Group cut Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $30.00 to $24.55 in a research report on Monday, January 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $24.55 price target (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. Weiss Ratings lowered Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Oppenheimer lowered Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Finally, William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.17.

About Clearwater Analytics

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.