Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells 18,700 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CFO James S. Cox sold 18,700 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $29.65, for a total transaction of $554,455.00. Following the transaction, the chief financial officer now directly owns 214,044 shares in the company, valued at approximately $6,346,404.60. The trade was a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Clearwater Analytics Trading Down 0.3 %

Shares of CWAN traded down $0.08 during trading on Tuesday, reaching $29.55. 4,734,147 shares of the company traded hands, compared to its average volume of 1,695,673. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The stock has a market cap of $7.30 billion, a PE ratio of 2,955.00, a price-to-earnings-growth ratio of 10.57 and a beta of 0.69. The stock has a 50-day simple moving average of $28.78 and a 200-day simple moving average of $24.30. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CWAN shares. Morgan Stanley raised their price target on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. DA Davidson downgraded shares of Clearwater Analytics from a "buy" rating to a "neutral" rating and raised their price target for the stock from $31.00 to $35.00 in a research note on Friday, November 8th. Citigroup began coverage on shares of Clearwater Analytics in a research note on Monday, August 19th. They issued a "buy" rating and a $28.00 price target on the stock. Piper Sandler raised their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company raised their price objective on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Clearwater Analytics has an average rating of "Hold" and a consensus price target of $31.89.

Institutional Investors Weigh In On Clearwater Analytics

Institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Clearwater Analytics during the third quarter valued at about $45,000. Financial Management Professionals Inc. acquired a new stake in shares of Clearwater Analytics during the third quarter valued at about $58,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Clearwater Analytics by 124.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company's stock valued at $81,000 after acquiring an additional 2,425 shares during the last quarter. Amalgamated Bank acquired a new position in shares of Clearwater Analytics in the second quarter valued at approximately $90,000. Finally, Advisors Asset Management Inc. grew its holdings 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 valued at $90,000 after purchasing an additional 995 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

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.