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 Clearwater Analytics stock in a transaction 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 directly owns 144,973 shares in the company, valued at $4,359,338.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $31.35 on Friday. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $28.03 and its 200 day simple moving average is $27.14. The firm has a market capitalization of $7.74 billion, a PE ratio of 18.88, a P/E/G ratio of 8.23 and a beta of 0.72.

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). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.47 million during the quarter, compared to analysts’ expectations of $120.34 million. On average, equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Clearwater Analytics

Several hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp boosted its stake in shares of Clearwater Analytics by 21.7% during the 4th quarter. Mackenzie Financial Corp now owns 10,996 shares of the company’s stock worth $303,000 after purchasing an additional 1,960 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth about $3,362,000. GTS Securities LLC acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth about $479,000. Ashford Capital Management Inc. acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth about $7,736,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Clearwater Analytics by 57.2% during the 4th 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. 50.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CWAN has been the topic of several recent research reports. Royal Bank of Canada boosted their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday. Oppenheimer boosted their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Morgan Stanley reissued an “overweight” rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research note on Friday. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.