Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Get Free Report) CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $29.65, for a total transaction of $554,455.00. Following the sale, the chief financial officer now owns 214,044 shares in the company, valued at $6,346,404.60. This represents a 8.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Clearwater Analytics Stock Down 0.3 %
Shares of CWAN stock opened at $29.55 on Wednesday. The stock has a market cap of $7.30 billion, a P/E ratio of 2,955.00, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The stock has a fifty day moving average price of $28.78 and a 200 day moving average price of $24.30. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71.
Analysts Set New Price Targets
CWAN has been the topic of several research analyst reports. DA Davidson cut Clearwater Analytics from a “buy” rating to a “neutral” rating and lifted their target price for the company from $31.00 to $35.00 in a research note on Friday, November 8th. Oppenheimer boosted their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $23.00 to $33.00 in a report on Thursday, November 7th. The Goldman Sachs Group increased their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their target price on Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.89.
Hedge Funds Weigh In On Clearwater Analytics
A number of hedge funds have recently modified their holdings of CWAN. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Clearwater Analytics in the 3rd quarter worth about $45,000. Financial Management Professionals Inc. acquired a new position in Clearwater Analytics in the third quarter worth $58,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Clearwater Analytics by 124.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after purchasing an additional 2,425 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Clearwater Analytics in the second quarter valued at $90,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after buying an additional 995 shares during the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.
About Clearwater Analytics
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.
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