Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Insider Subi Sethi Sells 7,358 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) insider Subi Sethi sold 7,358 shares of the business's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $21.67, for a total transaction of $159,447.86. Following the completion of the transaction, the insider directly owned 218,788 shares in the company, valued at $4,741,135.96. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Clearwater Analytics Price Performance

NYSE CWAN traded down $0.12 during trading hours on Wednesday, hitting $21.77. The company had a trading volume of 2,957,846 shares, compared to its average volume of 2,532,839. The firm has a 50 day simple moving average of $22.80 and a 200 day simple moving average of $25.66. Clearwater Analytics Holdings, Inc. has a 52 week low of $17.63 and a 52 week high of $35.71. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 4.39 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 (NYSE:CWAN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.13 earnings per share for the quarter, topping 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 analyst estimates of $125.11 million. During the same quarter in the prior year, the firm posted $0.10 EPS. Clearwater Analytics's revenue was up 23.5% on a year-over-year basis. Equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CWAN. Nvwm LLC bought a new stake in Clearwater Analytics during the first quarter valued at approximately $46,000. Quarry LP increased its stake 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 during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Clearwater Analytics during the fourth quarter valued at about $82,000. CWM LLC raised its position in Clearwater Analytics by 714.6% during the first quarter. CWM LLC now owns 3,071 shares of the company's stock valued at $82,000 after purchasing an additional 2,694 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Clearwater Analytics in the 4th quarter worth about $88,000. Hedge funds and other institutional investors own 50.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CWAN. 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. Oppenheimer reduced their price objective on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating for the company in a report on Wednesday, June 11th. Wells Fargo & Company decreased their target price on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group started coverage on Clearwater Analytics in a report on Monday, May 19th. They issued a "neutral" rating and a $26.00 price objective for the company. 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 research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.90.

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.

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