Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells $511,071.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total value of $511,071.00. Following the completion of the sale, the chief financial officer now directly owns 274,857 shares of the company’s stock, valued at approximately $7,511,841.81. This trade represents a 6.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Clearwater Analytics Trading Up 10.2 %

NYSE CWAN opened at $29.79 on Friday. The company has a market cap of $7.36 billion, a PE ratio of 2,982.28, a PEG ratio of 7.59 and a beta of 0.72. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The stock has a 50 day moving average of $27.99 and a 200-day moving average of $27.05.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The company had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 0.21% and a return on equity of 5.68%. On average, equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Clearwater Analytics

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after buying an additional 468 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Clearwater Analytics during the 3rd quarter valued at $45,000. Arcadia Investment Management Corp MI acquired a new stake in Clearwater Analytics during the 4th quarter valued at $57,000. Financial Management Professionals Inc. acquired a new stake in Clearwater Analytics during the 3rd quarter valued at $58,000. Finally, R Squared Ltd acquired a new stake in Clearwater Analytics during the 4th quarter valued at $80,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CWAN. Morgan Stanley raised Clearwater Analytics from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $30.00 to $34.00 in a research note on Friday, January 17th. Oppenheimer upped their price target on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group upped their price target on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. Finally, 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. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.60.

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.