Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells $497,046.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.58, for a total transaction of $497,046.00. Following the sale, the chief financial officer now owns 358,502 shares in the company, valued at $9,528,983.16. The trade was a 4.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Clearwater Analytics Trading Down 0.5 %

NYSE CWAN opened at $26.47 on Thursday. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The stock has a market cap of $6.65 billion, a P/E ratio of 15.95, a PEG ratio of 8.23 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. The company’s fifty day simple moving average is $28.28 and its 200-day simple moving average is $27.77.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data 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). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.47 million for the quarter, compared to analysts’ expectations of $120.34 million. Equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Oppenheimer boosted their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Piper Sandler upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $28.00 to $36.00 in a report on Thursday, February 20th. Wells Fargo & Company upped their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada increased their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.80.

Institutional Trading of Clearwater Analytics

Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Clearwater Analytics by 98.2% in the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company’s stock worth $163,867,000 after acquiring an additional 2,950,555 shares during the last quarter. Alliancebernstein L.P. increased its position in Clearwater Analytics by 66.0% in the fourth quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock worth $202,931,000 after buying an additional 2,931,445 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Clearwater Analytics by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company’s stock valued at $574,607,000 after acquiring an additional 2,455,844 shares during the period. Norges Bank acquired 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 Clearwater Analytics in the 3rd quarter valued at about $53,559,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.