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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $22.50, for a total transaction of $420,750.00. Following the sale, the chief financial officer owned 348,964 shares in the company, valued at approximately $7,851,690. This represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Clearwater Analytics Price Performance

NYSE CWAN traded down $0.28 on Thursday, reaching $21.92. 4,268,610 shares of the company's stock traded hands, compared to its average volume of 2,626,087. Clearwater Analytics Holdings, Inc. has a 12 month low of $19.18 and a 12 month high of $35.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.09 and a quick ratio of 5.09. The stock has a 50-day simple moving average of $22.68 and a 200 day simple moving average of $25.20. The stock has a market cap of $6.21 billion, a PE ratio of 13.03, a P/E/G ratio of 4.41 and a beta of 0.74.

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

Wall Street Analyst Weigh In

CWAN has been the topic of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Clearwater Analytics in a research note on Friday, April 25th. They issued an "overweight" rating and a $28.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of 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 dropped their target price on shares of Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 11th. Wells Fargo & Company dropped their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Piper Sandler set a $27.00 target price on shares of Clearwater Analytics and gave the company an "overweight" rating in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Clearwater Analytics presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CWAN. Nvwm LLC bought a new position in shares of Clearwater Analytics in the first quarter worth approximately $46,000. Quarry LP boosted its holdings in Clearwater Analytics by 979.4% in the first quarter. Quarry LP now owns 2,094 shares of the company's stock valued at $56,000 after acquiring an additional 1,900 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Clearwater Analytics in the fourth quarter valued at $82,000. CWM LLC boosted its holdings in Clearwater Analytics by 714.6% in the first quarter. CWM LLC now owns 3,071 shares of the company's stock valued at $82,000 after acquiring an additional 2,694 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Clearwater Analytics in the fourth quarter valued at $116,000. Institutional investors own 50.10% of the company's stock.

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.