Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells $497,046.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.58, for a total transaction of $497,046.00. Following the completion of the transaction, the chief financial officer now owns 358,502 shares of the company’s stock, valued at approximately $9,528,983.16. The trade was a 4.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $26.71 on Friday. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 8.23 and a beta of 0.69. The firm’s fifty day moving average is $28.27 and its 200 day moving average is $27.76. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. 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 quarterly earnings data 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 net margin of 93.97% and a return on equity of 7.11%. The firm had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. Sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CWAN. Wells Fargo & Company boosted their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Oppenheimer boosted their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada boosted their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Morgan Stanley reissued an “overweight” rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Finally, DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.80.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CWAN. GAMMA Investing LLC increased its position in Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after acquiring an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics during the fourth quarter valued at $57,000. R Squared Ltd bought a new position in shares of Clearwater Analytics in the fourth quarter worth about $80,000. Aster Capital Management DIFC Ltd bought a new position in shares of Clearwater Analytics in the fourth quarter worth about $82,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after purchasing an additional 1,987 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

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.