Clearwater Analytics Sees Unusually Large Options Volume (NYSE:CWAN)

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) saw some unusual options trading on Thursday. Investors purchased 17,402 put options on the company. This represents an increase of approximately 71% compared to the average volume of 10,205 put options.

Clearwater Analytics Stock Down 0.1%

NYSE:CWAN traded down $0.04 on Thursday, reaching $23.76. 2,281,138 shares of the stock traded hands, compared to its average volume of 10,179,456. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of -169.67, a PEG ratio of 3.28 and a beta of 0.64. Clearwater Analytics has a 12 month low of $15.73 and a 12 month high of $26.94. The company’s fifty day simple moving average is $23.54 and its 200 day simple moving average is $21.61.

Insider Buying and Selling at Clearwater Analytics

In other news, insider Subi Sethi sold 76,689 shares of the business’s stock in a transaction that occurred 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 directly owned 365,490 shares of the company’s stock, valued at approximately $8,567,085.60. The trade was a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Souvik Das sold 88,848 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were 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 approximately $4,855,174.08. This represents a 30.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 653,910 shares of company stock worth $15,339,907 over the last three months. 3.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Clearwater Analytics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CWAN. Starboard Value LP purchased a new position in shares of Clearwater Analytics in the fourth quarter worth $240,212,000. Wellington Management Group LLP boosted its position in shares of Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock valued at $320,642,000 after buying an additional 9,268,950 shares during the last quarter. Norges Bank bought a new stake in Clearwater Analytics in the 4th quarter worth about $184,271,000. Vanguard Group Inc. raised its position in Clearwater Analytics by 21.9% in the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after buying an additional 5,967,798 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new position in Clearwater Analytics in the 2nd quarter worth about $99,105,000. 50.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Loop Capital downgraded shares of Clearwater Analytics from a “buy” rating to a “hold” rating and reduced their price objective for the company from $25.00 to $24.55 in a research report on Monday, December 22nd. William Blair reaffirmed a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Oppenheimer cut shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Morgan Stanley reissued an “equal weight” rating and issued a $24.55 price target (down from $27.00) on shares of Clearwater Analytics in a research note on Tuesday, January 27th. Finally, Wells Fargo & Company cut Clearwater Analytics from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $27.00 to $24.55 in a research report on Thursday, January 8th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.17.

Clearwater Analytics Company Profile

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.