Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells $457,028.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $24.44, for a total value of $457,028.00. Following the transaction, the chief financial officer now directly owns 227,503 shares in the company, valued at approximately $5,560,173.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $25.58 on Friday. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of -319.75, a PEG ratio of 8.54 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $25.81. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $22.75 and its 200 day moving average is $19.59.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. The business had revenue of $106.79 million for the quarter, compared to the consensus estimate of $105.51 million. During the same period last year, the business posted ($0.03) EPS. The business’s revenue was up 18.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.14 EPS for the current fiscal year.

Institutional Trading of Clearwater Analytics

Institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its position in Clearwater Analytics by 268.8% during the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after acquiring an additional 1,234 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Clearwater Analytics by 389.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock valued at $34,000 after purchasing an additional 1,549 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Clearwater Analytics in the 2nd quarter worth $90,000. Point72 Asset Management L.P. purchased a new position in Clearwater Analytics during the 2nd quarter worth $91,000. Finally, RiverPark Advisors LLC increased its position in Clearwater Analytics by 361.0% during the 1st quarter. RiverPark Advisors LLC now owns 5,366 shares of the company’s stock valued at $95,000 after buying an additional 4,202 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CWAN. Royal Bank of Canada upped their price objective on Clearwater Analytics from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday. Wells Fargo & Company raised their price target on shares of Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Oppenheimer upgraded shares of Clearwater Analytics from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a report on Monday, July 8th. Citigroup began coverage on shares of Clearwater Analytics in a research note on Monday, August 19th. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $23.00 target price on shares of Clearwater Analytics in a research report on Monday, September 9th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.90.

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.