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 Clearwater Analytics stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total value of $503,778.00. Following the completion of the sale, the chief financial officer now directly owns 279,857 shares of the company's stock, valued at approximately $7,539,347.58. This represents a 6.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Clearwater Analytics Stock Up 3.4 %

Shares of NYSE CWAN traded up $0.92 on Friday, hitting $28.01. The company had a trading volume of 3,078,640 shares, compared to its average volume of 1,901,499. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The business has a 50 day moving average of $29.12 and a two-hundred day moving average of $25.69. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $6.92 billion, a P/E ratio of 2,803.40, a PEG ratio of 7.27 and a beta of 0.72.

Institutional Investors Weigh In On Clearwater Analytics

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after buying an additional 468 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Clearwater Analytics in the third quarter worth about $45,000. Financial Management Professionals Inc. purchased a new stake in shares of Clearwater Analytics in the third quarter worth about $58,000. Nisa Investment Advisors LLC boosted its position in shares of Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after buying an additional 1,987 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in shares of Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company's stock worth $90,000 after acquiring an additional 995 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CWAN shares. The Goldman Sachs Group lifted their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the company a "sell" rating in a research report on Thursday, November 7th. DA Davidson raised Clearwater Analytics from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $35.00 to $32.00 in a research report on Tuesday. Wells Fargo & Company lifted their price objective on Clearwater Analytics from $33.00 to $35.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Oppenheimer boosted their price target on Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Finally, Morgan Stanley raised Clearwater Analytics from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $30.00 to $34.00 in a research report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Clearwater Analytics has a consensus rating of "Moderate Buy" and a consensus price target of $31.33.

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.