James S. Cox Sells 5,858 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CFO James S. Cox sold 5,858 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $21.67, for a total value of $126,942.86. Following the completion of the sale, the chief financial officer directly owned 353,964 shares in the company, valued at approximately $7,670,399.88. The trade was a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Clearwater Analytics Price Performance

CWAN stock traded up $0.37 during midday trading on Thursday, reaching $22.14. The stock had a trading volume of 588,799 shares, compared to its average volume of 2,530,828. Clearwater Analytics Holdings, Inc. has a 52-week low of $17.63 and a 52-week high of $35.71. The company has a current ratio of 5.09, a quick ratio of 5.09 and a debt-to-equity ratio of 0.04. The company's fifty day simple moving average is $22.79 and its 200 day simple moving average is $25.64. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 4.38 and a beta of 0.74.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its 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. The business had revenue of $126.86 million during the quarter, compared to analysts' expectations of $125.11 million. Clearwater Analytics had a net margin of 90.18% and a return on equity of 5.22%. The company's quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CWAN. Oppenheimer decreased their target price on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Wednesday, June 11th. Piper Sandler upgraded shares of Clearwater Analytics to an "overweight" rating and set a $27.00 price objective for the company in a research report on Tuesday, June 24th. The Goldman Sachs Group initiated coverage on shares of Clearwater Analytics in a report on Monday, May 19th. They set a "neutral" rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Clearwater Analytics has an average rating of "Moderate Buy" and a consensus target price of $31.90.

Institutional Trading of Clearwater Analytics

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Clearwater Analytics by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 23,246,312 shares of the company's stock worth $623,001,000 after purchasing an additional 2,366,715 shares during the last quarter. Alliancebernstein L.P. lifted its position in Clearwater Analytics by 66.0% during the fourth quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock worth $202,931,000 after buying an additional 2,931,445 shares in the last quarter. Wellington Management Group LLP lifted its position in Clearwater Analytics by 7.7% during the first quarter. Wellington Management Group LLP now owns 6,412,929 shares of the company's stock worth $171,866,000 after buying an additional 458,444 shares in the last quarter. Invesco Ltd. boosted its stake in Clearwater Analytics by 34.1% during the first quarter. Invesco Ltd. now owns 5,706,337 shares of the company's stock worth $152,930,000 after buying an additional 1,452,474 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Clearwater Analytics by 52.4% in the 4th quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company's stock valued at $126,972,000 after buying an additional 1,585,869 shares in the last quarter. Institutional investors and hedge funds 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.