Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells $420,750.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CFO James S. Cox sold 18,700 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $22.50, for a total value of $420,750.00. Following the completion of the transaction, the chief financial officer owned 348,964 shares of the company's stock, valued at approximately $7,851,690. This trade represents a 5.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Clearwater Analytics Trading Down 1.0%

Clearwater Analytics stock traded down $0.22 during mid-day trading on Friday, hitting $21.50. The company's stock had a trading volume of 3,071,236 shares, compared to its average volume of 2,647,924. The company has a 50 day moving average of $22.61 and a 200-day moving average of $25.12. The stock has a market cap of $6.09 billion, a PE ratio of 12.80, a P/E/G ratio of 4.34 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.09 and a current ratio of 5.09. Clearwater Analytics Holdings, Inc. has a one year low of $19.46 and a one year high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $126.86 million during the quarter, compared to analysts' expectations of $125.11 million. Clearwater Analytics had a return on equity of 5.22% and a net margin of 90.18%. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. On average, research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

CWAN has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Piper Sandler set a $27.00 target price on Clearwater Analytics and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. The Goldman Sachs Group assumed coverage on Clearwater Analytics in a research note on Monday, May 19th. They issued a "neutral" rating and a $26.00 price objective on the stock. Oppenheimer decreased their price objective on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 11th. Finally, JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research note on Friday, April 25th. They issued an "overweight" rating and a $28.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Clearwater Analytics currently has an average rating of "Moderate Buy" and an average target price of $31.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Nvwm LLC acquired a new stake in Clearwater Analytics during the first quarter worth about $46,000. Quarry LP grew its holdings in Clearwater Analytics by 979.4% during the first quarter. Quarry LP now owns 2,094 shares of the company's stock worth $56,000 after acquiring an additional 1,900 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Clearwater Analytics during the fourth quarter worth about $82,000. CWM LLC grew its holdings in Clearwater Analytics by 714.6% during the first quarter. CWM LLC now owns 3,071 shares of the company's stock worth $82,000 after acquiring an additional 2,694 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Clearwater Analytics during the fourth quarter worth about $116,000. 50.10% of the stock is owned by institutional investors and hedge funds.

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.