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 the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.33, for a total transaction of $511,071.00. Following the completion of the sale, the chief financial officer now directly owns 274,857 shares in the company, valued at approximately $7,511,841.81. This represents a 6.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $27.66 on Wednesday. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a market cap of $6.83 billion, a P/E ratio of 2,768.27, a P/E/G ratio of 7.82 and a beta of 0.72. The firm’s fifty day moving average price is $28.08 and its two-hundred day moving average price is $27.01. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

Hedge Funds Weigh In On Clearwater Analytics

Several institutional investors and hedge funds have recently modified their holdings of CWAN. Chartwell Investment Partners LLC boosted its position in shares of Clearwater Analytics by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock valued at $1,233,000 after acquiring an additional 395 shares during the period. GAMMA Investing LLC boosted its position 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 acquiring an additional 468 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Clearwater Analytics by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company’s stock valued at $469,000 after acquiring an additional 502 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Clearwater Analytics by 11.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company’s stock valued at $142,000 after acquiring an additional 521 shares during the period. Finally, IHT Wealth Management LLC boosted its position in shares of Clearwater Analytics by 5.5% in the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock valued at $288,000 after acquiring an additional 598 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CWAN has been the topic of a number of research reports. The Goldman Sachs Group boosted their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Morgan Stanley upgraded shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $30.00 to $34.00 in a report on Friday, January 17th. Finally, Piper Sandler boosted their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

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.