Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson Sells 76,256 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 76,256 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $2,293,017.92. Following the sale, the executive now owns 78,363 shares in the company, valued at $2,356,375.41. This represents a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Scott Stanley Erickson also recently made the following trade(s):

• On Tuesday, December 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The shares were sold at an average price of $29.07, for a total value of $113,082.30.

Clearwater Analytics Stock Up 4.7 %

Clearwater Analytics stock opened at $31.35 on Friday. The stock has a market cap of $7.74 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 7.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The stock has a fifty day moving average of $28.03 and a 200 day moving average of $27.11.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The firm had revenue of $126.47 million for the quarter, compared to analysts’ expectations of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Institutional Trading of Clearwater Analytics

A number of hedge funds have recently bought and sold shares of CWAN. Mackenzie Financial Corp grew its holdings in Clearwater Analytics by 21.7% during the fourth quarter. Mackenzie Financial Corp now owns 10,996 shares of the company’s stock valued at $303,000 after purchasing an additional 1,960 shares during the period. Neo Ivy Capital Management bought a new stake in Clearwater Analytics during the fourth quarter valued at about $3,362,000. GTS Securities LLC bought a new stake in Clearwater Analytics during the fourth quarter valued at about $479,000. Ashford Capital Management Inc. bought a new stake in Clearwater Analytics during the fourth quarter valued at about $7,736,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Clearwater Analytics by 57.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 452,466 shares of the company’s stock valued at $12,452,000 after purchasing an additional 164,603 shares during the period. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analyst Ratings Changes

CWAN has been the topic of several analyst reports. JPMorgan Chase & Co. raised 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. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $28.00 to $36.00 in a report on Thursday. Oppenheimer boosted their target price on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group boosted their price target on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Clearwater Analytics presently has an average rating of “Moderate Buy” and an average target price of $33.80.

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.