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 Clearwater Analytics stock in a transaction 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 sale, the chief financial officer now owns 358,502 shares of the company’s stock, valued at $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 SEC, which is accessible through the SEC website.

Clearwater Analytics Trading Down 0.5 %

CWAN opened at $26.47 on Thursday. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The stock has a market capitalization of $6.65 billion, a PE ratio of 15.95, a P/E/G ratio of 8.23 and a beta of 0.69. The business’s 50 day moving average price is $28.28 and its 200 day moving average price is $27.77.

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

Institutional Investors Weigh In On Clearwater Analytics

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in shares of Clearwater Analytics by 348.3% during the third quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock worth $2,141,000 after acquiring an additional 65,878 shares during the period. Atria Investments Inc boosted its holdings in shares of Clearwater Analytics by 5.7% in the 3rd quarter. Atria Investments Inc now owns 36,653 shares of the company’s stock valued at $925,000 after buying an additional 1,971 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Clearwater Analytics during the third quarter worth about $360,000. Victory Capital Management Inc. lifted its stake in Clearwater Analytics by 12.7% in the third quarter. Victory Capital Management Inc. now owns 17,423 shares of the company’s stock valued at $440,000 after buying an additional 1,964 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in Clearwater Analytics during the 3rd quarter worth $835,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wells Fargo & Company upped their target price on Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. UBS Group upped their price target on Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Royal Bank of Canada lifted their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.