Clearwater Analytics (NYSE:CWAN) CFO Sells $222,568.50 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 11,275 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $19.74, for a total value of $222,568.50. Following the completion of the transaction, the chief financial officer directly owned 333,983 shares of the company’s stock, valued at approximately $6,592,824.42. The trade was a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $21.55 on Friday. The stock’s 50-day moving average is $18.49 and its 200 day moving average is $20.53. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $32.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $6.31 billion, a P/E ratio of 14.09, a PEG ratio of 5.46 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The firm had revenue of $205.11 million during the quarter, compared to the consensus estimate of $203.66 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The business’s revenue for the quarter was up 77.1% compared to the same quarter last year. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Clearwater Analytics declared that its board has approved a stock repurchase program on Wednesday, September 3rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 1.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have weighed in on CWAN. UBS Group lowered their target price on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of Clearwater Analytics in a report on Wednesday, September 17th. Wall Street Zen downgraded Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday. DA Davidson reaffirmed a “buy” rating and set a $30.00 target price on shares of Clearwater Analytics in a research report on Tuesday. Finally, The Goldman Sachs Group upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, August 11th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Clearwater Analytics presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.56.

Hedge Funds Weigh In On Clearwater Analytics

Several hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. raised its stake in Clearwater Analytics by 278.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after acquiring an additional 1,121 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Clearwater Analytics by 84.6% in the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after purchasing an additional 708 shares during the period. Versant Capital Management Inc raised its stake in shares of Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after purchasing an additional 1,024 shares during the last quarter. Nvwm LLC purchased a new position in shares of Clearwater Analytics in the first quarter worth about $46,000. Finally, Essex Investment Management Co. LLC lifted its holdings in shares of Clearwater Analytics by 54.9% during the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after purchasing an additional 640 shares during the period. 50.10% of the stock is owned by institutional investors and hedge funds.

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.