Short Interest in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Declines By 24.2%

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 14,088,919 shares, a decrease of 24.2% from the February 26th total of 18,597,309 shares. Based on an average daily volume of 4,608,816 shares, the short-interest ratio is presently 3.1 days. Currently, 4.9% of the shares of the company are sold short.

Insider Buying and Selling at Clearwater Analytics

In other news, insider Subi Sethi sold 76,689 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total transaction of $1,797,590.16. Following the transaction, the insider owned 365,490 shares of the company’s stock, valued at $8,567,085.60. This represents a 17.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Souvik Das sold 88,848 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total value of $2,082,597.12. Following the transaction, the chief technology officer owned 207,132 shares of the company’s stock, valued at $4,855,174.08. The trade was a 30.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,002,699 shares of company stock valued at $23,741,841 in the last quarter. Insiders own 3.31% of the company’s stock.

Institutional Investors Weigh In On Clearwater Analytics

Institutional investors and hedge funds have recently modified their holdings of the company. Swiss National Bank increased its holdings in Clearwater Analytics by 8.2% during the 2nd quarter. Swiss National Bank now owns 447,996 shares of the company’s stock worth $9,825,000 after acquiring an additional 33,896 shares during the period. New York State Common Retirement Fund boosted its holdings in Clearwater Analytics by 20.0% in the 2nd quarter. New York State Common Retirement Fund now owns 1,639,265 shares of the company’s stock valued at $35,949,000 after purchasing an additional 273,614 shares during the period. Soros Fund Management LLC bought a new position in Clearwater Analytics in the 2nd quarter valued at $2,741,000. WCM Investment Management LLC purchased a new position in shares of Clearwater Analytics during the 3rd quarter valued at $11,268,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Clearwater Analytics by 6.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,407,283 shares of the company’s stock valued at $42,753,000 after purchasing an additional 139,236 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group cut Clearwater Analytics to a “hold” rating in a research note on Friday, January 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a research note on Tuesday, January 27th. Wells Fargo & Company lowered shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $27.00 to $24.55 in a research report on Thursday, January 8th. Oppenheimer cut shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Finally, UBS Group downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $30.00 to $24.55 in a report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Clearwater Analytics currently has an average rating of “Hold” and an average price target of $26.17.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $23.46 on Friday. Clearwater Analytics has a 52-week low of $15.73 and a 52-week high of $27.09. The stock’s 50-day simple moving average is $23.57 and its 200 day simple moving average is $21.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of -167.52, a price-to-earnings-growth ratio of 3.26 and a beta of 0.67.

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.