Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Sells $998,000.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 50,000 shares of Clearwater Analytics stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $19.96, for a total value of $998,000.00. Following the transaction, the chief technology officer now directly owns 33,142 shares of the company’s stock, valued at approximately $661,514.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Clearwater Analytics Stock Up 0.6 %

Shares of NYSE:CWAN opened at $19.29 on Friday. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.28 and a 12-month high of $21.89. The stock’s 50-day moving average price is $18.02 and its two-hundred day moving average price is $18.55. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of -241.13, a PEG ratio of 7.49 and a beta of 0.58.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Clearwater Analytics had a negative net margin of 3.90% and a positive return on equity of 1.25%. The business had revenue of $102.70 million for the quarter, compared to analysts’ expectations of $100.55 million. During the same period last year, the company earned $0.07 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. On average, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CWAN. Advisors Asset Management Inc. increased its stake in Clearwater Analytics by 268.8% during the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock worth $30,000 after acquiring an additional 1,234 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in shares of Clearwater Analytics by 213.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock worth $36,000 after purchasing an additional 1,207 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Clearwater Analytics by 389.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock worth $34,000 after purchasing an additional 1,549 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Clearwater Analytics by 33.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,442 shares of the company’s stock valued at $49,000 after buying an additional 616 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new position in Clearwater Analytics during the fourth quarter valued at approximately $90,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CWAN has been the subject of a number of research reports. Morgan Stanley restated an “equal weight” rating and set a $19.00 target price on shares of Clearwater Analytics in a research report on Thursday, May 2nd. Wells Fargo & Company reduced their target price on Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price target on Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Finally, Piper Sandler restated a “neutral” rating and issued a $20.00 price objective on shares of Clearwater Analytics in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.70.

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.