Subi Sethi Sells 62,482 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) insider Subi Sethi sold 62,482 shares of Clearwater Analytics stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the sale, the insider now owns 144,973 shares of the company’s stock, valued at approximately $4,359,338.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Clearwater Analytics Stock Up 4.7 %

Shares of Clearwater Analytics stock opened at $31.35 on Friday. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The company has a 50 day moving average of $28.03 and a 200 day moving average of $27.14. 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 company has a market capitalization of $7.74 billion, a P/E ratio of 18.88, a P/E/G ratio of 8.23 and a beta of 0.72.

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). The company had revenue of $126.47 million for the quarter, compared to analysts’ expectations of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. As a group, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $36.00 in a research note on Thursday. Oppenheimer raised their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Finally, UBS Group raised their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.80.

Institutional Trading of Clearwater Analytics

Several institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp lifted its position in shares of Clearwater Analytics by 21.7% during the 4th quarter. Mackenzie Financial Corp now owns 10,996 shares of the company’s stock worth $303,000 after buying an additional 1,960 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Clearwater Analytics during the 4th quarter worth approximately $3,362,000. GTS Securities LLC purchased a new stake in shares of Clearwater Analytics during the 4th quarter worth approximately $479,000. Ashford Capital Management Inc. purchased a new stake in shares of Clearwater Analytics during the 4th quarter worth approximately $7,736,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position 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 worth $12,452,000 after buying an additional 164,603 shares during the last quarter. Hedge funds and other 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.