Subi Sethi Sells 18,599 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) insider Subi Sethi sold 18,599 shares of Clearwater Analytics stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $19.46, for a total value of $361,936.54. Following the completion of the transaction, the insider now directly owns 77,519 shares of the company's stock, valued at $1,508,519.74. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Subi Sethi also recently made the following trade(s):

• On Thursday, May 16th, Subi Sethi sold 1 shares of Clearwater Analytics stock. The stock was sold at an average price of $19.50, for a total value of $19.50.

Clearwater Analytics Stock Performance

CWAN stock traded up $0.02 on Wednesday, hitting $19.06. The company had a trading volume of 552,937 shares, compared to its average volume of 1,190,561. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.28 and a 12-month high of $21.89. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.11. The stock's 50-day simple moving average is $17.27 and its 200 day simple moving average is $18.67. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of -238.25, a P/E/G ratio of 7.54 and a beta of 0.50.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $102.70 million for the quarter, compared to the consensus estimate of $100.55 million. Clearwater Analytics had a negative net margin of 3.90% and a positive return on equity of 1.25%. The company's revenue was up 21.4% on a year-over-year basis. During the same period last year, the firm earned $0.07 EPS. As a group, equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Clearwater Analytics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Artal Group S.A. grew its position in shares of Clearwater Analytics by 25.0% during the 1st quarter. Artal Group S.A. now owns 25,000 shares of the company's stock valued at $442,000 after acquiring an additional 5,000 shares during the period. Comerica Bank grew its position in shares of Clearwater Analytics by 8.1% during the 1st quarter. Comerica Bank now owns 516,562 shares of the company's stock valued at $9,138,000 after acquiring an additional 38,537 shares during the period. Jane Street Group LLC grew its position in shares of Clearwater Analytics by 234.2% during the 1st quarter. Jane Street Group LLC now owns 265,818 shares of the company's stock valued at $4,702,000 after acquiring an additional 186,273 shares during the period. California State Teachers Retirement System grew its position in shares of Clearwater Analytics by 22.3% during the 1st quarter. California State Teachers Retirement System now owns 131,341 shares of the company's stock valued at $2,323,000 after acquiring an additional 23,971 shares during the period. Finally, Grandeur Peak Global Advisors LLC acquired a new stake in shares of Clearwater Analytics during the 1st quarter valued at about $4,713,000. Institutional investors own 50.10% of the company's stock.

Wall Street Analyst Weigh In

CWAN has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on Clearwater Analytics from $24.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, May 2nd. Piper Sandler restated a "neutral" rating and issued a $20.00 target price on shares of Clearwater Analytics in a research note on Thursday, February 29th. DA Davidson restated a "buy" rating and issued a $24.00 target price on shares of Clearwater Analytics in a research note on Monday, February 5th. JPMorgan Chase & Co. cut their price target on Clearwater Analytics from $22.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, May 2nd. Finally, Morgan Stanley reissued an "equal weight" rating and set a $19.00 target price on shares of Clearwater Analytics in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.70.

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.