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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total value of $503,778.00. Following the transaction, the chief financial officer now directly owns 279,857 shares in the company, valued at approximately $7,539,347.58. The trade was a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Clearwater Analytics Stock Up 3.4 %

NYSE CWAN opened at $28.01 on Friday. The stock has a 50 day moving average price of $29.12 and a 200-day moving average price of $25.64. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a market capitalization of $6.92 billion, a P/E ratio of 2,803.40, a P/E/G ratio of 7.27 and a beta of 0.72.

Hedge Funds Weigh In On Clearwater Analytics

Several institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in shares of Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after buying an additional 1,987 shares during the last quarter. Jackson Square Capital LLC bought a new stake in Clearwater Analytics during the fourth quarter worth approximately $558,000. Park Avenue Securities LLC bought a new stake in shares of Clearwater Analytics in the 4th quarter valued at approximately $345,000. GAMMA Investing LLC boosted its holdings in shares of Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Clearwater Analytics by 348.3% during the 3rd quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock valued at $2,141,000 after purchasing an additional 65,878 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Oppenheimer upped their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada decreased their price target on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday. The Goldman Sachs Group upped their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their target price for the company from $35.00 to $32.00 in a research note on Tuesday. Finally, Wells Fargo & Company upped their price target on Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

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.