Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Sells 4,141 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 4,141 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.65, for a total value of $114,498.65. Following the completion of the transaction, the executive now directly owns 7,902 shares of the company’s stock, valued at approximately $218,490.30. This trade represents a 34.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, February 19th, Scott Stanley Erickson sold 76,256 shares of Clearwater Analytics stock. The stock was sold at an average price of $30.07, for a total value of $2,293,017.92.

Clearwater Analytics Stock Performance

CWAN stock traded down $0.03 during trading hours on Tuesday, hitting $27.57. 1,725,817 shares of the stock were exchanged, compared to its average volume of 2,503,455. The company has a 50-day simple moving average of $28.35 and a two-hundred day simple moving average of $27.67. The firm has a market capitalization of $6.92 billion, a P/E ratio of 16.61, a P/E/G ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. On average, analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CWAN. US Bancorp DE raised its position in Clearwater Analytics by 418.5% during the third quarter. US Bancorp DE now owns 25,153 shares of the company’s stock valued at $635,000 after purchasing an additional 20,302 shares in the last quarter. Principal Financial Group Inc. increased its position in Clearwater Analytics by 348.3% in the 3rd quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock valued at $2,141,000 after acquiring an additional 65,878 shares during the period. Atria Investments Inc boosted its holdings in Clearwater Analytics by 5.7% in the third quarter. Atria Investments Inc now owns 36,653 shares of the company’s stock valued at $925,000 after acquiring an additional 1,971 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Clearwater Analytics during the third quarter worth $360,000. Finally, Chartwell Investment Partners LLC boosted its position in Clearwater Analytics by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock valued at $1,233,000 after acquiring an additional 395 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

CWAN has been the subject of a number of recent research reports. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Royal Bank of Canada lifted their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. UBS Group boosted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Finally, Oppenheimer increased 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. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.80.

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.