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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total transaction of $511,071.00. Following the sale, the chief financial officer now owns 274,857 shares in the company, valued at approximately $7,511,841.81. This trade represents a 6.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Clearwater Analytics Stock Down 2.1 %

Shares of NYSE CWAN opened at $27.05 on Thursday. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 2,707.61, a PEG ratio of 7.39 and a beta of 0.72. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average is $28.00 and its 200 day moving average is $27.04. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 5.68% and a net margin of 0.21%. On average, equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds have recently made changes to their positions in the business. Neo Ivy Capital Management purchased a new stake in Clearwater Analytics in the fourth quarter worth $3,362,000. GTS Securities LLC bought a new position in Clearwater Analytics in the 4th quarter worth $479,000. Ashford Capital Management Inc. purchased a new stake in shares of Clearwater Analytics in the 4th quarter worth about $7,736,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Clearwater Analytics by 57.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 452,466 shares of the company’s stock valued at $12,452,000 after purchasing an additional 164,603 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new position in shares of Clearwater Analytics during the fourth quarter valued at about $614,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CWAN. Royal Bank of Canada lowered their price target on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Oppenheimer raised their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group boosted their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. Finally, Piper Sandler upped their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.33.

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.