Short Interest in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Decreases By 48.4%

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 11,459,706 shares, a decrease of 48.4% from the January 15th total of 22,220,071 shares. Based on an average daily volume of 14,233,982 shares, the days-to-cover ratio is currently 0.8 days. Approximately 4.0% of the company’s stock are sold short. Approximately 4.0% of the company’s stock are sold short. Based on an average daily volume of 14,233,982 shares, the days-to-cover ratio is currently 0.8 days.

Clearwater Analytics Price Performance

Shares of NYSE CWAN traded down $0.34 during midday trading on Friday, reaching $23.13. The company’s stock had a trading volume of 10,196,214 shares, compared to its average volume of 14,403,704. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 146.69, a price-to-earnings-growth ratio of 3.39 and a beta of 0.66. Clearwater Analytics has a one year low of $15.73 and a one year high of $32.00. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average price of $23.55 and a 200 day moving average price of $20.83.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CWAN shares. Wells Fargo & Company downgraded Clearwater Analytics from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $27.00 to $24.55 in a report on Thursday, January 8th. Oppenheimer downgraded Clearwater Analytics from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Warburg Research set a $24.55 price objective on shares of Clearwater Analytics in a report on Monday, December 22nd. Morgan Stanley restated an “equal weight” rating and set a $24.55 price objective (down previously from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. Finally, UBS Group downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and dropped their target price for the company from $30.00 to $24.55 in a research report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.21.

Insider Buying and Selling

In related news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $24.14, for a total transaction of $451,418.00. Following the sale, the chief financial officer directly owned 395,697 shares in the company, valued at approximately $9,552,125.58. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Scott Stanley Erickson sold 44,386 shares of Clearwater Analytics stock in a transaction that occurred on Thursday, January 1st. The stock was sold at an average price of $24.09, for a total transaction of $1,069,258.74. Following the completion of the transaction, the executive owned 72,917 shares of the company’s stock, valued at $1,756,570.53. This represents a 37.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 457,164 shares of company stock worth $10,829,668 over the last ninety days. Company insiders own 3.31% of the company’s stock.

Hedge Funds Weigh In On Clearwater Analytics

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in Clearwater Analytics by 1,027.1% during the first quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock valued at $3,560,000 after buying an additional 121,043 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Clearwater Analytics in the 1st quarter valued at approximately $208,000. Woodline Partners LP lifted its position in shares of Clearwater Analytics by 75.2% in the 1st quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock valued at $538,000 after acquiring an additional 8,613 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Clearwater Analytics by 1.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock worth $12,309,000 after purchasing an additional 6,826 shares during the period. Finally, KLP Kapitalforvaltning AS grew its position in Clearwater Analytics by 18.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 48,776 shares of the company’s stock worth $1,070,000 after purchasing an additional 7,476 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.