Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson Sells 4,141 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 4,141 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $27.65, for a total transaction of $114,498.65. Following the completion of the sale, the executive now directly owns 7,902 shares of the company’s stock, valued at approximately $218,490.30. This trade represents a 34.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, February 19th, Scott Stanley Erickson sold 76,256 shares of Clearwater Analytics stock. The shares were sold at an average price of $30.07, for a total transaction of $2,293,017.92.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $27.57 on Wednesday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The stock has a market capitalization of $6.92 billion, a PE ratio of 16.61, a PEG ratio of 8.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The stock has a 50-day simple moving average of $28.35 and a 200-day simple moving average of $27.67.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) 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 firm had revenue of $126.47 million during the quarter, compared to analysts’ expectations of $120.34 million. On average, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. UBS Group boosted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Morgan Stanley reissued an “overweight” rating and issued a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Wells Fargo & Company boosted their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Finally, DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price target for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.80.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CWAN. US Bancorp DE lifted its stake in Clearwater Analytics by 418.5% in the third quarter. US Bancorp DE now owns 25,153 shares of the company’s stock worth $635,000 after acquiring an additional 20,302 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Clearwater Analytics by 348.3% in the third quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock worth $2,141,000 after acquiring an additional 65,878 shares during the last quarter. Atria Investments Inc lifted its stake in Clearwater Analytics by 5.7% in the third quarter. Atria Investments Inc now owns 36,653 shares of the company’s stock worth $925,000 after acquiring an additional 1,971 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Clearwater Analytics in the third quarter valued at approximately $360,000. Finally, Chartwell Investment Partners LLC increased its stake in Clearwater Analytics by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock valued at $1,233,000 after purchasing an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

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.