Stock Traders Buy High Volume of Call Options on Clearwater Analytics (NYSE:CWAN)

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) was the recipient of unusually large options trading on Wednesday. Stock investors bought 40,807 call options on the company. This is an increase of 328% compared to the typical volume of 9,528 call options.

Analyst Ratings Changes

A number of equities analysts have weighed in on CWAN shares. Wells Fargo & Company lowered Clearwater Analytics from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $27.00 to $24.55 in a research note on Thursday, January 8th. Oppenheimer cut shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Loop Capital cut shares of Clearwater Analytics from a “buy” rating to a “hold” rating and cut their price target for the stock from $25.00 to $24.55 in a research note on Monday, December 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Clearwater Analytics in a research report on Monday, December 22nd. Finally, DA Davidson reiterated a “neutral” rating and issued a $24.55 target price (down from $30.00) on shares of Clearwater Analytics in a research report on Friday, January 16th. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.21.

Insider Transactions at Clearwater Analytics

In other news, insider Subi Sethi sold 25,646 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 value of $617,812.14. Following the completion of the sale, the insider owned 277,189 shares in the company, valued at $6,677,483.01. This represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Souvik Das sold 10,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $23.89, for a total transaction of $238,900.00. Following the transaction, the chief technology officer owned 128,230 shares in the company, valued at approximately $3,063,414.70. This trade represents a 7.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 457,164 shares of company stock valued at $10,829,668. Corporate insiders own 3.31% of the company’s stock.

Institutional Investors Weigh In On Clearwater Analytics

A number of large investors have recently made changes to their positions in the business. Empowered Funds LLC bought a new stake in shares of Clearwater Analytics during the 4th quarter valued at $216,000. Janney Montgomery Scott LLC bought a new stake in Clearwater Analytics during the fourth quarter worth about $1,312,000. Clearbridge Investments LLC boosted its stake in Clearwater Analytics by 50.8% during the fourth quarter. Clearbridge Investments LLC now owns 1,039,953 shares of the company’s stock worth $25,084,000 after acquiring an additional 350,111 shares in the last quarter. Capital World Investors grew its holdings in Clearwater Analytics by 55.0% in the fourth quarter. Capital World Investors now owns 5,882,816 shares of the company’s stock worth $141,894,000 after purchasing an additional 2,087,294 shares during the period. Finally, Capital International Investors bought a new position in shares of Clearwater Analytics during the fourth quarter valued at approximately $53,382,000. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Trading Down 0.6%

Clearwater Analytics stock traded down $0.13 during mid-day trading on Wednesday, hitting $23.68. The company’s stock had a trading volume of 7,715,087 shares, compared to its average volume of 15,084,860. The business has a 50 day moving average price of $23.44 and a 200-day moving average price of $20.78. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97. Clearwater Analytics has a 12 month low of $15.73 and a 12 month high of $32.00. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 3.44 and a beta of 0.66.

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.