Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells $218,960.50 in Stock

Key Points

• CFO James S. Cox of Clearwater Analytics Holdings sold $218,960.50 worth of stock, reducing his holdings by 3.17%, leaving him with about 343,964 shares valued at $6.68 million.
• The company's recent earnings report showed a net revenue increase of 70.4% year-over-year, with earnings of $0.12 per share, slightly missing analyst estimates of $0.13.
• Clearwater Analytics has a market cap of $5.75 billion and is rated a "Buy" by most analysts, with a consensus target price of $32.20.

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CFO James S. Cox sold 11,275 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $19.42, for a total transaction of $218,960.50. Following the sale, the chief financial officer owned 343,964 shares in the company, valued at $6,679,780.88. The trade was a 3.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Clearwater Analytics Price Performance

CWAN stock traded up $0.43 during trading on Monday, hitting $19.67. The stock had a trading volume of 2,231,547 shares, compared to its average volume of 4,954,105. The company's 50 day moving average price is $21.39 and its two-hundred day moving average price is $24.00. Clearwater Analytics Holdings, Inc. has a 1-year low of $17.98 and a 1-year high of $35.71. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 120.25, a price-to-earnings-growth ratio of 4.53 and a beta of 0.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.02 and a current ratio of 2.02.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Clearwater Analytics had a net margin of 73.74% and a return on equity of 3.23%. The firm had revenue of $181.94 million during the quarter, compared to analyst estimates of $174.16 million. During the same period in the previous year, the firm posted $0.10 EPS. The company's revenue for the quarter was up 70.4% compared to the same quarter last year. On average, sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on CWAN. Oppenheimer decreased 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. Piper Sandler set a $27.00 target price on shares of Clearwater Analytics and gave the company an "overweight" rating in a report on Tuesday, June 24th. The Goldman Sachs Group upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and set a $27.00 target price for the company in a report on Monday, August 11th. DA Davidson dropped their target price on shares of Clearwater Analytics from $36.00 to $34.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Finally, Wells Fargo & Company dropped their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $32.20.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Zevenbergen Capital Investments LLC lifted its holdings in shares of Clearwater Analytics by 48.6% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 909,429 shares of the company's stock worth $24,373,000 after acquiring an additional 297,414 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Clearwater Analytics during the 1st quarter worth about $314,000. Yorktown Management & Research Co Inc purchased a new position in shares of Clearwater Analytics during the 1st quarter worth about $409,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Clearwater Analytics during the 4th quarter worth about $8,580,000. Finally, Vanguard Group Inc. lifted 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 acquiring an additional 2,366,715 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

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.

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