Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Sees Large Growth in Short Interest

Clearwater Analytics Holdings, Inc. (NYSE:CWANGet Free Report) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 4,040,000 shares, a growth of 82.0% from the January 15th total of 2,220,000 shares. Approximately 3.8% of the shares of the stock are sold short. Based on an average daily volume of 1,490,000 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CWAN shares. Piper Sandler reissued a “neutral” rating and set a $20.00 price objective on shares of Clearwater Analytics in a research note on Thursday, November 2nd. DA Davidson reissued a “buy” rating and issued a $24.00 price objective on shares of Clearwater Analytics in a research report on Monday, February 5th. Finally, UBS Group initiated coverage on shares of Clearwater Analytics in a report on Tuesday, November 7th. They set a “buy” rating and a $24.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Clearwater Analytics presently has an average rating of “Moderate Buy” and a consensus target price of $21.75.

Check Out Our Latest Stock Report on Clearwater Analytics

Insider Activity

In other news, CTO Souvik Das sold 30,588 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $19.65, for a total transaction of $601,054.20. Following the completion of the transaction, the chief technology officer now directly owns 23,826 shares of the company’s stock, valued at approximately $468,180.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CTO Souvik Das sold 30,588 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $19.65, for a total transaction of $601,054.20. Following the completion of the transaction, the chief technology officer now directly owns 23,826 shares of the company’s stock, valued at approximately $468,180.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO James S. Cox sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $21.34, for a total transaction of $213,400.00. Following the transaction, the chief financial officer now directly owns 77,372 shares of the company’s stock, valued at $1,651,118.48. The disclosure for this sale can be found here. Insiders have sold 210,588 shares of company stock worth $4,256,854 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Clearwater Analytics

A number of hedge funds and other institutional investors have recently modified their holdings of CWAN. UBS Group AG increased its position in shares of Clearwater Analytics by 1,129.0% during the second quarter. UBS Group AG now owns 2,163 shares of the company’s stock worth $26,000 after acquiring an additional 1,987 shares during the last quarter. BNP Paribas Arbitrage SNC purchased a new stake in shares of Clearwater Analytics during the third quarter worth about $32,000. Tower Research Capital LLC TRC increased its position in shares of Clearwater Analytics by 527.5% during the third quarter. Tower Research Capital LLC TRC now owns 1,826 shares of the company’s stock worth $35,000 after acquiring an additional 1,535 shares during the last quarter. Eagle Bay Advisors LLC increased its position in shares of Clearwater Analytics by 213.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock worth $36,000 after acquiring an additional 1,207 shares during the last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of Clearwater Analytics during the third quarter worth about $49,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Up 0.1 %

NYSE:CWAN traded up $0.01 on Monday, reaching $19.35. The stock had a trading volume of 1,078,012 shares, compared to its average volume of 1,004,449. The company has a 50-day moving average of $19.42 and a 200 day moving average of $19.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.35 and a current ratio of 6.35. Clearwater Analytics has a 12-month low of $13.02 and a 12-month high of $21.89.

About Clearwater Analytics

(Get Free Report)

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.

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