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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) saw some unusual options trading activity on Tuesday. Stock traders acquired 65,449 call options on the company. This represents an increase of 736% compared to the typical volume of 7,830 call options.

Clearwater Analytics Stock Up 0.1%

NYSE:CWAN opened at $24.30 on Wednesday. Clearwater Analytics has a one year low of $15.73 and a one year high of $32.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $7.11 billion, a PE ratio of 15.88, a P/E/G ratio of 3.51 and a beta of 0.66. The firm’s 50 day simple moving average is $22.52 and its 200 day simple moving average is $20.55.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $205.11 million for the quarter, compared to the consensus estimate of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. Clearwater Analytics’s revenue was up 77.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. On average, research analysts anticipate that Clearwater Analytics will post 0.18 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Souvik Das sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $24.08, for a total transaction of $240,800.00. Following the sale, the chief technology officer owned 138,230 shares of the company’s stock, valued at $3,328,578.40. This represents a 6.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Subi Sethi sold 25,646 shares of the firm’s stock in a transaction on Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $617,812.14. Following the transaction, the insider owned 277,189 shares in the company, valued at approximately $6,677,483.01. This trade represents a 8.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 447,164 shares of company stock valued at $10,590,768 in the last quarter. Company insiders own 3.31% of the company’s stock.

Institutional Investors Weigh In On Clearwater Analytics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC raised its holdings in Clearwater Analytics by 46.4% during the second quarter. Intech Investment Management LLC now owns 157,281 shares of the company’s stock worth $3,449,000 after buying an additional 49,845 shares during the last quarter. Future Fund LLC acquired a new stake in shares of Clearwater Analytics in the 2nd quarter worth about $732,000. Hillsdale Investment Management Inc. lifted its position in Clearwater Analytics by 28.0% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 190,950 shares of the company’s stock valued at $4,188,000 after acquiring an additional 41,800 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in Clearwater Analytics by 20.4% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company’s stock valued at $8,435,000 after purchasing an additional 65,141 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Clearwater Analytics by 8.2% during the 2nd quarter. Swiss National Bank now owns 447,996 shares of the company’s stock valued at $9,825,000 after purchasing an additional 33,896 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CWAN. Loop Capital cut Clearwater Analytics from a “buy” rating to a “hold” rating and lowered their price target for the stock from $25.00 to $24.55 in a report on Monday, December 22nd. Oppenheimer downgraded Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Wells Fargo & Company downgraded shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $27.00 to $24.55 in a research note on Thursday, January 8th. UBS Group decreased their price target on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, William Blair reissued a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Clearwater Analytics has a consensus rating of “Hold” and an average price target of $27.93.

About Clearwater Analytics

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.