Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) shares traded up 1.2% during mid-day trading on Friday . The company traded as high as $16.49 and last traded at $16.48. 582,618 shares traded hands during trading, a decline of 53% from the average session volume of 1,235,642 shares. The stock had previously closed at $16.29.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CWAN. JPMorgan Chase & Co. downgraded shares of Clearwater Analytics from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $24.00 to $22.00 in a report on Thursday, February 29th. Piper Sandler reaffirmed a "neutral" rating and set a $20.00 price objective on shares of Clearwater Analytics in a report on Thursday, February 29th. Finally, DA Davidson reaffirmed a "buy" rating and set a $24.00 price objective on shares of Clearwater Analytics in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $22.00.
Read Our Latest Report on Clearwater Analytics
Clearwater Analytics Price Performance
The business has a 50 day moving average of $17.91 and a 200 day moving average of $19.03. The company has a market cap of $4.02 billion, a PE ratio of -149.36, a price-to-earnings-growth ratio of 6.50 and a beta of 0.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.15 and a quick ratio of 5.15.
Insider Buying and Selling
In other Clearwater Analytics news, CFO James S. Cox sold 10,000 shares of the firm's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $19.95, for a total transaction of $199,500.00. Following the completion of the transaction, the chief financial officer now owns 148,711 shares of the company's stock, valued at $2,966,784.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $19.95, for a total transaction of $997,500.00. Following the completion of the transaction, the chief executive officer now owns 270,490 shares of the company's stock, valued at $5,396,275.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James S. Cox sold 10,000 shares of the firm's stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $19.95, for a total value of $199,500.00. Following the transaction, the chief financial officer now directly owns 148,711 shares of the company's stock, valued at approximately $2,966,784.45. The disclosure for this sale can be found here. Insiders sold 16,370,000 shares of company stock valued at $277,006,400 over the last quarter. 2.10% of the stock is owned by company insiders.
Hedge Funds Weigh In On Clearwater Analytics
Several institutional investors and hedge funds have recently modified their holdings of the stock. NBC Securities Inc. increased its holdings in shares of Clearwater Analytics by 53.0% during the first quarter. NBC Securities Inc. now owns 35,065 shares of the company's stock valued at $621,000 after acquiring an additional 12,146 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in Clearwater Analytics in the 4th quarter worth about $211,000. Quadrature Capital Ltd increased its holdings in Clearwater Analytics by 73.7% in the 4th quarter. Quadrature Capital Ltd now owns 169,619 shares of the company's stock worth $3,397,000 after buying an additional 71,964 shares in the last quarter. HBK Investments L P bought a new stake in Clearwater Analytics in the 4th quarter worth about $8,012,000. Finally, Vanguard Group Inc. increased its holdings in Clearwater Analytics by 36.6% in the 4th quarter. Vanguard Group Inc. now owns 12,912,046 shares of the company's stock worth $258,628,000 after buying an additional 3,461,158 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.
About Clearwater Analytics
(
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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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