Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells 18,700 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total value of $503,778.00. Following the completion of the transaction, the chief financial officer now directly owns 279,857 shares in the company, valued at $7,539,347.58. This represents a 6.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Clearwater Analytics Price Performance

NYSE CWAN traded up $0.94 during trading hours on Friday, reaching $28.03. 957,819 shares of the company’s stock were exchanged, compared to its average volume of 2,077,647. The firm has a fifty day moving average of $29.20 and a 200-day moving average of $25.58. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $6.92 billion, a PE ratio of 2,806.81, a price-to-earnings-growth ratio of 7.27 and a beta of 0.72. 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

A number of research firms have recently issued reports on CWAN. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price target for the company from $35.00 to $32.00 in a report on Tuesday. Morgan Stanley upgraded Clearwater Analytics from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $30.00 to $34.00 in a report on Friday. Oppenheimer raised their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada decreased their price target on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Piper Sandler boosted their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Hedge Funds Weigh In On Clearwater Analytics

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after purchasing an additional 468 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Clearwater Analytics in the 3rd quarter valued at $45,000. Financial Management Professionals Inc. acquired a new stake in shares of Clearwater Analytics in the 3rd quarter valued at $58,000. Nisa Investment Advisors LLC raised its position in shares of Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after acquiring an additional 1,987 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Clearwater Analytics by 38.6% during the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after acquiring an additional 995 shares during the period. 50.10% of the stock is owned by institutional investors.

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.