Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Insider Sells $1,878,833.74 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) insider Subi Sethi sold 62,482 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the transaction, the insider now owns 144,973 shares in the company, valued at $4,359,338.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Clearwater Analytics Stock Up 4.7 %

CWAN stock opened at $31.35 on Monday. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve 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 company has a market capitalization of $7.74 billion, a P/E ratio of 18.88, a PEG ratio of 8.23 and a beta of 0.72. The firm has a 50 day simple moving average of $28.03 and a 200-day simple moving average of $27.18.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. On average, equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Trading of Clearwater Analytics

A number of hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp grew its position in shares of Clearwater Analytics by 21.7% during the fourth quarter. Mackenzie Financial Corp now owns 10,996 shares of the company’s stock worth $303,000 after buying an additional 1,960 shares in the last quarter. Neo Ivy Capital Management bought a new position in Clearwater Analytics during the fourth quarter worth $3,362,000. GTS Securities LLC bought a new position in Clearwater Analytics during the fourth quarter worth $479,000. Ashford Capital Management Inc. bought a new position in Clearwater Analytics during the fourth quarter worth $7,736,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 worth $12,452,000 after purchasing an additional 164,603 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CWAN. Oppenheimer raised their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company raised their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. Royal Bank of Canada increased their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.80.

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.