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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) saw a significant increase in short interest during 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 trading volume, of 4,605,352 shares, the short-interest ratio is presently 3.7 days.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $24.10 on Friday. Clearwater Analytics has a 12 month low of $15.73 and a 12 month high of $25.07. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of -172.13, a PEG ratio of 3.35 and a beta of 0.64. The stock’s 50 day moving average price is $23.54 and its 200 day moving average price is $22.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.83.

Insider Activity at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 18,790 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $447,202.00. Following the sale, the executive owned 155,119 shares of the company’s stock, valued at approximately $3,691,832.20. The trade was a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Subi Sethi sold 19,858 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $23.80, for a total value of $472,620.40. Following the sale, the insider directly owned 388,256 shares in the company, valued at approximately $9,240,492.80. This trade represents a 4.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 780,842 shares of company stock valued at $18,358,880. Company insiders own 3.31% of the company’s stock.

Institutional Investors Weigh In On Clearwater Analytics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its position in Clearwater Analytics by 28.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 44,848 shares of the company’s stock worth $1,082,000 after buying an additional 9,890 shares during the last quarter. Larry Mathis Financial Planning LLC acquired a new position in Clearwater Analytics in the fourth quarter worth approximately $228,000. Ovata Capital Management Ltd acquired a new position in Clearwater Analytics in the fourth quarter worth approximately $6,811,000. Alberta Investment Management Corp acquired a new position in Clearwater Analytics in the fourth quarter worth approximately $13,850,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Clearwater Analytics in the fourth quarter worth approximately $400,000. Institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CWAN has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. William Blair reissued a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Loop Capital cut Clearwater Analytics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $25.00 to $24.55 in a report on Monday, December 22nd. Weiss Ratings cut Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Finally, Wells Fargo & Company cut 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. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.