James Cox Sells 18,700 Shares of Clearwater Analytics (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 18,700 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $24.07, for a total value of $450,109.00. Following the completion of the sale, the chief financial officer directly owned 480,419 shares in the company, valued at $11,563,685.33. This represents a 3.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Clearwater Analytics Stock Up 0.3%

Shares of Clearwater Analytics stock traded up $0.07 during trading on Thursday, hitting $24.11. 4,706,770 shares of the stock were exchanged, compared to its average volume of 9,489,597. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.83. The firm’s 50-day moving average price is $23.52 and its 200 day moving average price is $21.98. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of -172.17, a price-to-earnings-growth ratio of 3.34 and a beta of 0.64. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $25.07.

Analyst Upgrades and Downgrades

Several brokerages have commented on CWAN. Wells Fargo & Company lowered shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $27.00 to $24.55 in a research note on Thursday, January 8th. Morgan Stanley reissued an “equal weight” rating and issued a $24.55 price objective (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. Weiss Ratings cut shares of Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. UBS Group downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their price target for the company from $30.00 to $24.55 in a research report on Monday, January 26th. Finally, Jefferies Financial Group downgraded shares of Clearwater Analytics to a “hold” rating in a research report on Friday, January 16th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Clearwater Analytics by 211.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after purchasing an additional 720 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Clearwater Analytics in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. grew its position in Clearwater Analytics by 627.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after buying an additional 1,186 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Clearwater Analytics in the 4th quarter valued at $33,000. Finally, Private Trust Co. NA increased its stake in Clearwater Analytics by 643.3% in the 4th quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock valued at $37,000 after buying an additional 1,338 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

About Clearwater Analytics

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.