Clearwater Analytics (NYSE:CWAN) CFO Sells $222,568.50 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 11,275 shares of Clearwater Analytics stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $19.74, for a total transaction of $222,568.50. Following the completion of the sale, the chief financial officer directly owned 333,983 shares in the company, valued at approximately $6,592,824.42. The trade was a 3.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Clearwater Analytics Stock Performance

NYSE:CWAN traded down $0.09 during mid-day trading on Wednesday, reaching $20.74. The stock had a trading volume of 7,520,150 shares, compared to its average volume of 3,908,090. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $32.71. The business has a 50 day simple moving average of $18.42 and a 200 day simple moving average of $20.54. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 5.26 and a beta of 0.69. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The business’s revenue for the quarter was up 77.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Clearwater Analytics declared that its board has initiated a stock buyback program on Wednesday, September 3rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 1.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CWAN. Zacks Research upgraded shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. decreased their price objective on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. The Goldman Sachs Group upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, August 11th. Wall Street Zen raised shares of Clearwater Analytics from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, UBS Group decreased their price target on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.56.

Institutional Trading of Clearwater Analytics

Institutional investors and hedge funds have recently modified their holdings of the business. Future Fund LLC purchased a new position in Clearwater Analytics in the 2nd quarter valued at about $732,000. Zevenbergen Capital Investments LLC grew its holdings in shares of Clearwater Analytics by 48.6% during the first quarter. Zevenbergen Capital Investments LLC now owns 909,429 shares of the company’s stock worth $24,373,000 after buying an additional 297,414 shares in the last quarter. Riverbridge Partners LLC acquired a new position in shares of Clearwater Analytics in the second quarter valued at approximately $35,313,000. Vanguard Group Inc. lifted its stake in shares of Clearwater Analytics by 11.3% during the first quarter. Vanguard Group Inc. now owns 23,246,312 shares of the company’s stock valued at $623,001,000 after buying an additional 2,366,715 shares during the period. Finally, Strs Ohio boosted its position in Clearwater Analytics by 30.7% during the second quarter. Strs Ohio now owns 66,800 shares of the company’s stock worth $1,465,000 after acquiring an additional 15,700 shares during the last quarter. Hedge funds and other 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.