Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells 18,700 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $29.65, for a total value of $554,455.00. Following the sale, the chief financial officer now owns 214,044 shares in the company, valued at $6,346,404.60. This trade represents a 8.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN opened at $27.90 on Thursday. The business’s 50-day simple moving average is $28.87 and its 200 day simple moving average is $24.37. The company has a market cap of $6.89 billion, a P/E ratio of 2,792.79, a PEG ratio of 10.57 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. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71.

Institutional Trading of Clearwater Analytics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hood River Capital Management LLC acquired a new position in Clearwater Analytics during the 2nd quarter worth $43,280,000. Champlain Investment Partners LLC bought a new position in shares of Clearwater Analytics during the third quarter worth about $53,559,000. State Street Corp grew its stake in Clearwater Analytics by 38.7% in the third quarter. State Street Corp now owns 3,617,462 shares of the company’s stock worth $91,341,000 after purchasing an additional 1,009,548 shares in the last quarter. Wasatch Advisors LP grew its stake in Clearwater Analytics by 3.2% in the third quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock worth $457,909,000 after purchasing an additional 559,564 shares in the last quarter. Finally, Stephens Investment Management Group LLC bought a new stake in Clearwater Analytics in the third quarter valued at about $11,071,000. Institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CWAN. Royal Bank of Canada raised their price target on Clearwater Analytics from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. The Goldman Sachs Group lifted their target price on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Piper Sandler upped their price target on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Morgan Stanley lifted their price objective on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, DA Davidson downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $31.00 to $35.00 in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.89.

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.