Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Short Interest Up 19.7% in December

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 7,340,000 shares, an increase of 19.7% from the November 30th total of 6,130,000 shares. Approximately 4.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,310,000 shares, the short-interest ratio is currently 3.2 days.

Clearwater Analytics Trading Down 1.9 %

Shares of CWAN traded down $0.55 during mid-day trading on Friday, hitting $28.01. 1,143,719 shares of the company's stock traded hands, compared to its average volume of 1,713,991. The business's 50-day moving average price is $29.20 and its 200-day moving average price is $24.82. Clearwater Analytics has a 1 year low of $15.62 and a 1 year high of $35.71. The firm has a market capitalization of $6.92 billion, a P/E ratio of 2,803.80, a PEG ratio of 10.57 and a beta of 0.69. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $25.38, for a total transaction of $98,728.20. Following the completion of the transaction, the executive now owns 6,373 shares of the company's stock, valued at $161,746.74. The trade was a 37.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total transaction of $489,192.00. Following the completion of the sale, the chief financial officer now directly owns 224,044 shares in the company, valued at approximately $5,860,991.04. The trade was a 7.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,942 shares of company stock valued at $5,972,366. Company insiders own 4.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its holdings in Clearwater Analytics by 66.0% in the second quarter. Bank of New York Mellon Corp now owns 956,527 shares of the company's stock worth $17,715,000 after buying an additional 380,154 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Clearwater Analytics by 23.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,455 shares of the company's stock valued at $490,000 after purchasing an additional 5,031 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Clearwater Analytics in the 2nd quarter valued at approximately $350,000. nVerses Capital LLC bought a new stake in shares of Clearwater Analytics during the second quarter valued at approximately $215,000. Finally, Equitable Trust Co. grew its stake in Clearwater Analytics by 21.5% in the second quarter. Equitable Trust Co. now owns 29,842 shares of the company's stock worth $553,000 after purchasing an additional 5,277 shares during the period. 50.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CWAN has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Clearwater Analytics from $33.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. DA Davidson lowered Clearwater Analytics from a "buy" rating to a "neutral" rating and upped their target price for the stock from $31.00 to $35.00 in a research note on Friday, November 8th. Morgan Stanley lifted their price target on Clearwater Analytics from $20.00 to $30.00 and gave the company an "equal weight" rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Finally, Royal Bank of Canada raised their target price on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Clearwater Analytics currently has a consensus rating of "Hold" and a consensus target price of $31.89.

About Clearwater Analytics

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.