Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox Sells 18,700 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $23.17, for a total value of $433,279.00. Following the sale, the chief financial officer now owns 358,885 shares in the company, valued at $8,315,365.45. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Clearwater Analytics Stock Down 0.2 %

CWAN opened at $23.04 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The firm has a market capitalization of $5.78 billion, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The company has a fifty day moving average price of $26.81 and a 200-day moving average price of $27.75.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, February 19th. The company reported $0.04 EPS 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 for the quarter, compared to analysts’ expectations of $120.34 million. Equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in Clearwater Analytics by 1,600.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company’s stock worth $39,690,000 after buying an additional 1,357,425 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock worth $202,931,000 after acquiring an additional 2,931,445 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Clearwater Analytics in the fourth quarter worth $1,112,000. Stephens Investment Management Group LLC increased its stake in Clearwater Analytics by 189.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock valued at $34,926,000 after acquiring an additional 830,684 shares during the last quarter. Finally, Moody Aldrich Partners LLC raised its position in Clearwater Analytics by 32.4% during the fourth quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company’s stock valued at $10,634,000 after purchasing an additional 94,454 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CWAN has been the topic of a number of research reports. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. Royal Bank of Canada raised their price objective 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. Finally, UBS Group increased their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and an average price target of $33.80.

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.