Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Sells $92,387.50 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total value of $92,387.50. Following the transaction, the executive now directly owns 4,844 shares of the company’s stock, valued at approximately $115,045. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Scott Stanley Erickson also recently made the following trade(s):

• On Tuesday, July 16th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The shares were sold at an average price of $19.50, for a total value of $75,855.00.

Clearwater Analytics Stock Down 0.1 %

Shares of NYSE:CWAN opened at $23.56 on Thursday. The stock has a 50-day simple moving average of $21.94 and a 200-day simple moving average of $19.32. The stock has a market capitalization of $5.79 billion, a P/E ratio of -294.50, a PEG ratio of 8.63 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $24.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.78 and a current ratio of 4.78.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Clearwater Analytics had a negative net margin of 1.14% and a positive return on equity of 3.55%. The company had revenue of $106.79 million during the quarter, compared to the consensus estimate of $105.51 million. During the same period in the previous year, the firm earned ($0.03) earnings per share. Clearwater Analytics’s revenue for the quarter was up 18.8% on a year-over-year basis. Equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.14 earnings per share for the current year.

Institutional Trading of Clearwater Analytics

Large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP boosted its position in shares of Clearwater Analytics by 35.6% in the first quarter. Wasatch Advisors LP now owns 16,391,308 shares of the company’s stock worth $289,962,000 after buying an additional 4,304,286 shares during the period. Vanguard Group Inc. lifted its position in Clearwater Analytics by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock worth $267,676,000 after acquiring an additional 2,219,459 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Clearwater Analytics by 1.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 11,374,673 shares of the company’s stock worth $210,659,000 after acquiring an additional 128,402 shares during the period. William Blair Investment Management LLC grew its position in Clearwater Analytics by 0.6% in the second quarter. William Blair Investment Management LLC now owns 10,430,794 shares of the company’s stock valued at $193,178,000 after acquiring an additional 66,528 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in shares of Clearwater Analytics by 2.5% during the second quarter. Conestoga Capital Advisors LLC now owns 6,671,247 shares of the company’s stock valued at $123,551,000 after purchasing an additional 165,000 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CWAN has been the subject of a number of recent research reports. Piper Sandler reiterated a “neutral” rating and set a $23.00 price target on shares of Clearwater Analytics in a report on Monday. Wells Fargo & Company increased their target price on Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Oppenheimer raised shares of Clearwater Analytics from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research note on Monday, July 8th. Finally, Citigroup initiated coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They issued a “buy” rating and a $28.00 target price on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Clearwater Analytics has a consensus rating of “Moderate Buy” and an average price target of $23.30.

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.