Stock Traders Buy High Volume of Put Options on Clearwater Analytics (NYSE:CWAN)

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) was the recipient of unusually large options trading activity on Thursday. Traders purchased 17,402 put options on the company. This is an increase of 71% compared to the average volume of 10,205 put options.

Clearwater Analytics Price Performance

NYSE:CWAN traded down $0.04 during midday trading on Thursday, hitting $23.76. The company had a trading volume of 2,281,138 shares, compared to its average volume of 10,179,456. The company has a market capitalization of $7.02 billion, a PE ratio of -169.67, a P/E/G ratio of 3.28 and a beta of 0.64. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. Clearwater Analytics has a 52-week low of $15.73 and a 52-week high of $26.94. The stock’s fifty day moving average price is $23.54 and its 200-day moving average price is $21.61.

Insiders Place Their Bets

In related news, insider Subi Sethi sold 76,689 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total transaction of $1,797,590.16. Following the completion of the transaction, the insider owned 365,490 shares in the company, valued at approximately $8,567,085.60. This represents a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sandeep Sahai sold 233,813 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total transaction of $5,480,576.72. Following the completion of the sale, the chief executive officer directly owned 1,357,138 shares in the company, valued at approximately $31,811,314.72. This represents a 14.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 653,910 shares of company stock worth $15,339,907 in the last ninety days. 3.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in Clearwater Analytics by 211.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after buying an additional 720 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Clearwater Analytics in the 4th quarter worth $26,000. Versant Capital Management Inc increased its position in shares of Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after acquiring an additional 1,024 shares during the period. Essex Investment Management Co. LLC increased its position in shares of Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after acquiring an additional 640 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in shares of Clearwater Analytics by 627.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after acquiring an additional 1,186 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CWAN. Loop Capital downgraded shares of Clearwater Analytics from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $24.55 in a report on Monday, December 22nd. DA Davidson reissued a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a report on Thursday, February 19th. Warburg Research set a $24.55 price target on Clearwater Analytics in a report on Monday, December 22nd. Jefferies Financial Group cut Clearwater Analytics to a “hold” rating in a research report on Friday, January 16th. Finally, UBS Group lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their target price for the company from $30.00 to $24.55 in a report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Hold” and an average price target 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.