Free Trial

Scott Stanley Erickson Sells 18,790 Shares of Clearwater Analytics (NYSE:CWAN) Stock

Clearwater Analytics logo with Computer and Technology background
Image from MarketBeat Media, LLC.

Key Points

  • CRO Scott Stanley Erickson sold 18,790 shares of Clearwater Analytics on March 31 at an average of $23.80 for $447,202, reducing his stake by 10.8% to 155,119 shares (worth ≈$3.69M).
  • Multiple C‑suite insiders sold stock the same period (including the CEO, CFO and CTO), and the company faces heightened downside signals from unusually large put‑option volume and an investor investigation into the board related to the proposed buyout.
  • Analysts carry a consensus "Hold" rating with a $26.17 average target; shares trade around $23.80 with a market cap near $7.03B and a 52‑week range of $15.73–$26.94.
  • Interested in Clearwater Analytics? Here are five stocks we like better.

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CRO Scott Stanley Erickson sold 18,790 shares of the firm's stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $447,202.00. Following the completion of the sale, the executive directly owned 155,119 shares in the company, valued at approximately $3,691,832.20. The trade was a 10.80% 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.

Scott Stanley Erickson also recently made the following trade(s):

  • On Wednesday, February 18th, Scott Stanley Erickson sold 74,530 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.44, for a total value of $1,746,983.20.

Clearwater Analytics Trading Up 0.0%

Shares of NYSE CWAN traded up $0.01 on Thursday, reaching $23.80. 3,977,279 shares of the company traded hands, compared to its average volume of 10,208,298. The stock has a market capitalization of $7.03 billion, a PE ratio of -169.95, a P/E/G ratio of 3.28 and a beta of 0.64. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $26.94. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $23.54 and a 200 day moving average of $21.61.

Analyst Ratings Changes

A number of equities analysts have weighed in on CWAN shares. Jefferies Financial Group lowered shares of Clearwater Analytics to a "hold" rating in a report on Friday, January 16th. Weiss Ratings downgraded Clearwater Analytics from a "hold (c)" rating to a "sell (d+)" rating in a report on Monday, February 23rd. UBS Group lowered Clearwater Analytics from a "buy" rating to a "neutral" rating and cut their target price for the stock from $30.00 to $24.55 in a research report on Monday, January 26th. Warburg Research set a $24.55 target price on Clearwater Analytics in a report on Monday, December 22nd. Finally, Wells Fargo & Company downgraded Clearwater Analytics from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $27.00 to $24.55 in a research report on Thursday, January 8th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.17.

Check Out Our Latest Stock Analysis on CWAN

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Clearwater Analytics by 211.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company's stock valued at $26,000 after acquiring an additional 720 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Clearwater Analytics in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. raised its position in Clearwater Analytics by 627.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company's stock valued at $33,000 after purchasing an additional 1,186 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Clearwater Analytics in the fourth quarter valued at about $33,000. Finally, Private Trust Co. NA lifted its stake in shares of Clearwater Analytics by 643.3% during the fourth quarter. Private Trust Co. NA now owns 1,546 shares of the company's stock worth $37,000 after purchasing an additional 1,338 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Key Clearwater Analytics News

Here are the key news stories impacting Clearwater Analytics this week:

Clearwater Analytics Company Profile

(Get Free Report)

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company's software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.

Featured Articles

Insider Buying and Selling by Quarter for Clearwater Analytics (NYSE:CWAN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Clearwater Analytics Right Now?

Before you consider Clearwater Analytics, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clearwater Analytics wasn't on the list.

While Clearwater Analytics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines