Clearwater Analytics (NYSE:CWAN) CFO Sells $451,418.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 18,700 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $24.14, for a total transaction of $451,418.00. Following the completion of the transaction, the chief financial officer owned 395,697 shares in the company, valued at $9,552,125.58. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Clearwater Analytics Trading Down 0.1%

CWAN traded down $0.02 during trading hours on Tuesday, reaching $24.26. The company’s stock had a trading volume of 1,505,680 shares, compared to its average volume of 13,933,926. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $32.00. The stock has a market cap of $7.10 billion, a PE ratio of 15.85, a P/E/G ratio of 3.51 and a beta of 0.66. The business’s 50-day moving average is $22.41 and its 200-day moving average is $20.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The business had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. During the same period last year, the business earned $0.14 EPS. Clearwater Analytics’s revenue was up 77.1% compared to the same quarter last year. As a group, equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CWAN shares. Oppenheimer cut shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price objective (down previously from $30.00) on shares of Clearwater Analytics in a research report on Friday. JPMorgan Chase & Co. cut their target price on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Royal Bank Of Canada restated an “outperform” rating and set a $36.00 price target on shares of Clearwater Analytics in a research note on Monday, December 22nd. Finally, Warburg Research set a $24.55 price target on Clearwater Analytics in a research report on Monday, December 22nd. Six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Clearwater Analytics currently has an average rating of “Hold” and an average price target of $27.93.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC increased its position in shares of Clearwater Analytics by 339.8% during the fourth quarter. FNY Investment Advisers LLC now owns 15,000 shares of the company’s stock worth $361,000 after acquiring an additional 11,589 shares during the period. Trust Point Inc. purchased a new position in shares of Clearwater Analytics in the 4th quarter valued at about $221,000. Norden Group LLC acquired a new position in shares of Clearwater Analytics during the fourth quarter worth about $313,000. First Bank & Trust acquired a new position in shares of Clearwater Analytics during the fourth quarter worth about $223,000. Finally, Congress Asset Management Co. increased its stake in shares of Clearwater Analytics by 18.8% during the fourth quarter. Congress Asset Management Co. now owns 839,499 shares of the company’s stock worth $20,249,000 after buying an additional 132,569 shares during the period. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Company Profile

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.