James S. Cox Sells 18,700 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.58, for a total transaction of $497,046.00. Following the sale, the chief financial officer now directly owns 358,502 shares of the company’s stock, valued at $9,528,983.16. The trade was a 4.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clearwater Analytics Stock Down 0.1 %

Shares of Clearwater Analytics stock traded down $0.04 during trading on Tuesday, hitting $26.56. The company’s stock had a trading volume of 1,082,255 shares, compared to its average volume of 1,891,944. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The company has a market capitalization of $6.67 billion, a PE ratio of 16.00, a P/E/G ratio of 8.23 and a beta of 0.69. The company has a fifty day simple moving average of $28.30 and a two-hundred day simple moving average of $27.76. 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 (NYSE:CWAN) last announced its 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 net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. Equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after buying an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Clearwater Analytics in the 4th quarter worth approximately $57,000. R Squared Ltd bought a new position in Clearwater Analytics in the 4th quarter valued at approximately $80,000. Aster Capital Management DIFC Ltd purchased a new stake in Clearwater Analytics during the 4th quarter valued at $82,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after purchasing an additional 1,987 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Analyst Ratings Changes

CWAN has been the subject of several recent analyst reports. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Wells Fargo & Company upped their price target on Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Oppenheimer lifted their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Morgan Stanley restated an “overweight” rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Finally, Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Clearwater Analytics currently has an average rating of “Moderate Buy” and a consensus 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.