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 business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total value of $511,071.00. Following the completion of the transaction, the chief financial officer now directly owns 274,857 shares in the company, valued at approximately $7,511,841.81. The trade was a 6.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Clearwater Analytics Price Performance

NYSE:CWAN traded up $1.41 during mid-day trading on Friday, hitting $31.35. 5,089,250 shares of the company's stock traded hands, compared to its average volume of 2,412,201. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The company has a market cap of $7.74 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 7.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The firm's 50 day simple moving average is $28.03 and its 200 day simple moving average is $27.11.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). The firm had revenue of $126.47 million for the quarter, compared to analysts' expectations of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. Sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CWAN. Morgan Stanley restated an "overweight" rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday. Royal Bank of Canada lifted their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday. UBS Group boosted their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their price target for the company from $23.00 to $33.00 in a report on Thursday, November 7th. Finally, Oppenheimer upped their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.80.

Hedge Funds Weigh In On Clearwater Analytics

Several institutional investors have recently added to or reduced their stakes in CWAN. GAMMA Investing LLC grew its holdings in Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after buying an additional 468 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Clearwater Analytics in the third quarter worth approximately $45,000. Arcadia Investment Management Corp MI purchased a new stake in Clearwater Analytics in the fourth quarter valued at approximately $57,000. Financial Management Professionals Inc. acquired a new position in Clearwater Analytics during the third quarter worth approximately $58,000. Finally, R Squared Ltd purchased a new position in Clearwater Analytics during the fourth quarter worth approximately $80,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Analytics Company Profile

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.