Stock Traders Purchase Large Volume of Put Options on Clearwater Analytics (NYSE:CWAN)

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) saw unusually large options trading on Monday. Stock traders acquired 17,403 put options on the company. This is an increase of 62% compared to the average daily volume of 10,752 put options.

Insiders Place Their Bets

In related news, CFO James S. Cox sold 93,930 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $23.44, for a total value of $2,201,719.20. Following the completion of the transaction, the chief financial officer owned 474,114 shares of the company’s stock, valued at approximately $11,113,232.16. The trade was a 16.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Souvik Das sold 88,848 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $23.44, for a total transaction of $2,082,597.12. Following the sale, the chief technology officer directly owned 207,132 shares in the company, valued at $4,855,174.08. This represents a 30.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,002,699 shares of company stock valued at $23,692,518. Insiders own 3.31% of the company’s stock.

Hedge Funds Weigh In On Clearwater Analytics

A number of hedge funds have recently bought and sold shares of CWAN. Essex Investment Management Co. LLC raised its stake in Clearwater Analytics by 27.2% during the fourth quarter. Essex Investment Management Co. LLC now owns 2,298 shares of the company’s stock valued at $55,000 after buying an additional 492 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Clearwater Analytics by 3.7% during the 4th quarter. Mackenzie Financial Corp now owns 15,466 shares of the company’s stock valued at $372,000 after acquiring an additional 545 shares in the last quarter. Cim LLC lifted its stake in Clearwater Analytics by 0.8% during the third quarter. Cim LLC now owns 66,184 shares of the company’s stock worth $1,193,000 after purchasing an additional 557 shares during the last quarter. Hilltop National Bank boosted its holdings in Clearwater Analytics by 12.6% in the third quarter. Hilltop National Bank now owns 5,533 shares of the company’s stock worth $100,000 after purchasing an additional 619 shares during the period. Finally, Bessemer Group Inc. increased its stake in Clearwater Analytics by 84.6% during the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after purchasing an additional 708 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Oppenheimer downgraded Clearwater Analytics from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Jefferies Financial Group cut Clearwater Analytics to a “hold” rating in a report on Friday, January 16th. DA Davidson restated a “neutral” rating and issued a $24.55 price target on shares of Clearwater Analytics in a report on Thursday, February 19th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $24.55 price target (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. Four 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, Clearwater Analytics presently has a consensus rating of “Hold” and a consensus price target of $27.21.

Clearwater Analytics Trading Down 0.7%

NYSE CWAN opened at $23.14 on Tuesday. The stock has a market cap of $6.77 billion, a P/E ratio of -165.24, a PEG ratio of 3.24 and a beta of 0.66. The company’s fifty day simple moving average is $23.74 and its 200-day simple moving average is $20.96. The company has a current ratio of 1.83, a quick 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 $31.57.

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.