Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox Sells 18,700 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $29.65, for a total value of $554,455.00. Following the sale, the chief financial officer now owns 214,044 shares of the company’s stock, valued at approximately $6,346,404.60. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $29.55 on Wednesday. The company has a fifty day moving average price of $28.78 and a 200 day moving average price of $24.30. The firm has a market cap of $7.30 billion, a PE ratio of 2,955.00, a PEG ratio of 10.57 and a beta of 0.69. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CWAN. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. DA Davidson cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and raised their price objective for the company from $31.00 to $35.00 in a research note on Friday, November 8th. Piper Sandler upped their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Oppenheimer raised their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Hold” and an average target price of $31.89.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hood River Capital Management LLC acquired a new stake in Clearwater Analytics in the 2nd quarter valued at about $43,280,000. Champlain Investment Partners LLC acquired a new position in shares of Clearwater Analytics during the 3rd quarter worth approximately $53,559,000. State Street Corp raised its stake in Clearwater Analytics by 38.7% in the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company’s stock valued at $91,341,000 after acquiring an additional 1,009,548 shares during the period. Wasatch Advisors LP lifted its holdings in Clearwater Analytics by 3.2% during the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock valued at $457,909,000 after purchasing an additional 559,564 shares during the last quarter. Finally, Stephens Investment Management Group LLC bought a new position in Clearwater Analytics during the third quarter worth $11,071,000. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Company Profile

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.