Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells $191,400.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 10,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $19.14, for a total transaction of $191,400.00. Following the transaction, the chief financial officer now owns 77,372 shares in the company, valued at $1,480,900.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Clearwater Analytics Stock Performance

Shares of CWAN stock traded down $0.16 during trading hours on Tuesday, reaching $19.24. The stock had a trading volume of 258,748 shares, compared to its average volume of 624,425. The firm has a market capitalization of $4.65 billion, a PE ratio of -176.36 and a beta of 0.44. The firm has a 50-day simple moving average of $17.52 and a 200-day simple moving average of $16.28. Clearwater Analytics Holdings, Inc. has a twelve month low of $13.02 and a twelve month high of $20.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.29 and a quick ratio of 6.29.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $89.88 million for the quarter, compared to analyst estimates of $87.59 million. Clearwater Analytics had a negative net margin of 6.35% and a positive return on equity of 0.24%. As a group, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post -0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

CWAN has been the topic of several research analyst reports. Credit Suisse Group increased their price target on shares of Clearwater Analytics from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, September 8th. Piper Sandler reiterated a “neutral” rating and issued a $17.00 target price on shares of Clearwater Analytics in a research report on Thursday, August 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Clearwater Analytics in a report on Friday, September 8th. Wells Fargo & Company increased their target price on shares of Clearwater Analytics from $19.00 to $22.00 in a report on Friday, September 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Clearwater Analytics from $14.00 to $16.00 and gave the company a “sell” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.75.

Institutional Trading of Clearwater Analytics

Several hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. increased its holdings in shares of Clearwater Analytics by 17.8% during the first quarter. Advisor Group Holdings Inc. now owns 6,823 shares of the company’s stock valued at $143,000 after purchasing an additional 1,029 shares during the period. Bank of New York Mellon Corp acquired a new stake in Clearwater Analytics in the first quarter worth about $12,870,000. Citigroup Inc. bought a new position in Clearwater Analytics in the 1st quarter valued at about $143,000. BlackRock Inc. increased its stake in Clearwater Analytics by 4.6% during the 1st quarter. BlackRock Inc. now owns 470,328 shares of the company’s stock valued at $9,877,000 after buying an additional 20,705 shares during the period. Finally, Durable Capital Partners LP raised its position in shares of Clearwater Analytics by 11.3% during the 1st quarter. Durable Capital Partners LP now owns 8,945,959 shares of the company’s stock worth $187,865,000 after buying an additional 908,588 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

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.