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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CFO James S. Cox sold 18,700 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $22.25, for a total transaction of $416,075.00. Following the sale, the chief financial officer now directly owns 348,885 shares of the company's stock, valued at approximately $7,762,691.25. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Clearwater Analytics Trading Up 0.2%

CWAN traded up $0.05 during trading on Wednesday, reaching $22.08. The company had a trading volume of 769,855 shares, compared to its average volume of 2,511,514. The company has a quick ratio of 5.09, a current ratio of 5.09 and a debt-to-equity ratio of 0.04. The business has a 50 day simple moving average of $23.00 and a 200-day simple moving average of $26.21. The stock has a market cap of $6.25 billion, a P/E ratio of 13.16, a PEG ratio of 4.27 and a beta of 0.77. Clearwater Analytics Holdings, Inc. has a 52 week low of $17.63 and a 52 week high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The firm 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 firm's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 EPS. On average, equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CWAN has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Clearwater Analytics in a report on Monday, May 19th. They issued a "neutral" rating and a $26.00 price target on the stock. Royal Bank Of Canada lifted their target price on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Wells Fargo & Company dropped their price target on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. UBS Group raised their price target on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Finally, Oppenheimer decreased their price objective on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Wednesday, June 11th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Nvwm LLC purchased a new stake in shares of Clearwater Analytics in the first quarter worth approximately $46,000. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics in the 4th quarter valued at $57,000. 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 worth $56,000 after purchasing an additional 1,900 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Clearwater Analytics during the fourth quarter worth $82,000. Finally, CWM LLC boosted its stake in shares of 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 during the period. Hedge funds and other institutional investors own 50.10% of the company's stock.

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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