Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells $457,028.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $24.44, for a total transaction of $457,028.00. Following the completion of the sale, the chief financial officer now directly owns 227,503 shares of the company’s stock, valued at $5,560,173.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Clearwater Analytics Stock Up 0.9 %

Clearwater Analytics stock traded up $0.21 during trading hours on Tuesday, reaching $24.72. The stock had a trading volume of 1,631,691 shares, compared to its average volume of 1,498,522. The company has a market cap of $6.07 billion, a price-to-earnings ratio of -306.38, a PEG ratio of 8.54 and a beta of 0.61. The business’s 50 day moving average price is $22.35 and its 200-day moving average price is $19.45. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $24.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.78 and a quick ratio of 4.78.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler reiterated a “neutral” rating and issued a $23.00 price target on shares of Clearwater Analytics in a report on Monday, September 9th. Citigroup started coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 target price for the company. Wells Fargo & Company increased their price target on Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Oppenheimer upgraded Clearwater Analytics from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a report on Monday, July 8th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.30.

Institutional Trading of Clearwater Analytics

A number of institutional investors have recently made changes to their positions in CWAN. Wasatch Advisors LP increased its position in Clearwater Analytics by 35.6% during the 1st quarter. Wasatch Advisors LP now owns 16,391,308 shares of the company’s stock valued at $289,962,000 after buying an additional 4,304,286 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Clearwater Analytics by 36.6% during the fourth quarter. Vanguard Group Inc. now owns 12,912,046 shares of the company’s stock worth $258,628,000 after acquiring an additional 3,461,158 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Clearwater Analytics by 42.5% during the first quarter. William Blair Investment Management LLC now owns 10,364,266 shares of the company’s stock valued at $183,344,000 after acquiring an additional 3,090,352 shares in the last quarter. Hood River Capital Management LLC purchased a new position in shares of Clearwater Analytics in the 2nd quarter valued at approximately $43,280,000. Finally, Bamco Inc. NY boosted its stake in Clearwater Analytics by 30.8% in the 1st quarter. Bamco Inc. NY now owns 5,359,172 shares of the company’s stock worth $94,804,000 after purchasing an additional 1,262,150 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.