Scott Stanley Erickson Sells 4,141 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 4,141 shares of Clearwater Analytics stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.65, for a total transaction of $114,498.65. Following the completion of the transaction, the executive now owns 7,902 shares in the company, valued at $218,490.30. This trade represents a 34.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Scott Stanley Erickson also recently made the following trade(s):

• On Wednesday, February 19th, Scott Stanley Erickson sold 76,256 shares of Clearwater Analytics stock. The stock was sold at an average price of $30.07, for a total value of $2,293,017.92.

Clearwater Analytics Trading Up 0.1 %

Shares of Clearwater Analytics stock opened at $27.56 on Thursday. The firm has a market capitalization of $6.92 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The company’s fifty day moving average price is $28.35 and its two-hundred day moving average price is $27.69. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). The business had revenue of $126.47 million during the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. On average, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Institutional Investors Weigh In On Clearwater Analytics

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of Clearwater Analytics by 98.2% in the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company’s stock worth $163,867,000 after purchasing an additional 2,950,555 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Clearwater Analytics by 66.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock worth $202,931,000 after purchasing an additional 2,931,445 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Clearwater Analytics by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company’s stock worth $574,607,000 after purchasing an additional 2,455,844 shares during the last quarter. Norges Bank bought a new stake in shares of Clearwater Analytics in the 4th quarter worth about $59,402,000. Finally, Champlain Investment Partners LLC bought a new stake in shares of Clearwater Analytics in the 3rd quarter worth about $53,559,000. Institutional investors own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

CWAN has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Piper Sandler upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their target price for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Morgan Stanley restated an “overweight” rating and issued a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Finally, Oppenheimer upped their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.80.

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.