Kathleen A. Corbet Sells 12,634 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Director Kathleen A. Corbet sold 12,634 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $23.66, for a total value of $298,920.44. Following the completion of the sale, the director now owns 14,498 shares in the company, valued at approximately $343,022.68. The trade was a 46.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Clearwater Analytics Price Performance

CWAN opened at $22.15 on Friday. Clearwater Analytics Holdings, Inc. has a 12-month low of $17.63 and a 12-month high of $35.71. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $23.99 and its 200-day simple moving average is $27.23. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 8.23 and a beta of 0.79.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.86 million for the quarter, compared to the consensus estimate of $125.11 million. During the same quarter in the prior year, the company earned $0.10 EPS. The business’s revenue was up 23.5% compared to the same quarter last year. On average, equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds and other institutional investors have recently made changes to their positions in the company. Apollon Wealth Management LLC boosted its position in Clearwater Analytics by 3.9% during the first quarter. Apollon Wealth Management LLC now owns 12,341 shares of the company’s stock valued at $331,000 after purchasing an additional 459 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Clearwater Analytics by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company’s stock valued at $469,000 after purchasing an additional 502 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Clearwater Analytics by 11.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company’s stock valued at $142,000 after purchasing an additional 521 shares in the last quarter. Huntleigh Advisors Inc. boosted its position in Clearwater Analytics by 1.9% during the first quarter. Huntleigh Advisors Inc. now owns 32,211 shares of the company’s stock valued at $863,000 after purchasing an additional 595 shares in the last quarter. Finally, Redwood Investments LLC boosted its position in Clearwater Analytics by 0.8% during the first quarter. Redwood Investments LLC now owns 74,651 shares of the company’s stock valued at $2,001,000 after purchasing an additional 608 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Clearwater Analytics from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group assumed coverage on Clearwater Analytics in a research note on Monday. They issued a “neutral” rating and a $26.00 target price on the stock. Royal Bank of Canada increased their target price on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research note on Friday, April 25th. They issued an “overweight” rating and a $28.00 target price on the stock. 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 note on Thursday, February 20th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.40.

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.