Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox Sells 18,700 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.58, for a total transaction of $497,046.00. Following the sale, the chief financial officer now owns 358,502 shares of the company's stock, valued at $9,528,983.16. This trade represents a 4.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Clearwater Analytics Trading Down 0.6 %

CWAN stock traded down $0.17 during midday trading on Friday, hitting $26.52. The stock had a trading volume of 5,389,729 shares, compared to its average volume of 1,917,871. The firm has a market cap of $6.66 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The business has a fifty day moving average price of $28.26 and a two-hundred day moving average price of $27.80.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The firm had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. On average, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On Clearwater Analytics

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after purchasing an additional 468 shares during the period. Steward Partners Investment Advisory LLC grew its position in Clearwater Analytics by 3.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock worth $469,000 after purchasing an additional 502 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Clearwater Analytics by 11.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock worth $142,000 after purchasing an additional 521 shares in the last quarter. IHT Wealth Management LLC grew its position in Clearwater Analytics by 5.5% in the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company's stock worth $288,000 after purchasing an additional 598 shares in the last quarter. Finally, Summit Creek Advisors LLC grew its position in Clearwater Analytics by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock worth $7,844,000 after purchasing an additional 833 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CWAN shares. Wells Fargo & Company raised their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Oppenheimer boosted their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada boosted their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $33.80.

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.