Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells $567,358.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $30.34, for a total transaction of $567,358.00. Following the completion of the transaction, the chief financial officer now directly owns 219,044 shares in the company, valued at $6,645,794.96. This represents a 7.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $30.90 on Thursday. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The firm has a market capitalization of $7.63 billion, a PE ratio of 3,090.00, a P/E/G ratio of 10.89 and a beta of 0.61. The firm has a 50-day moving average price of $26.82 and a 200 day moving average price of $22.78. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CWAN. Morgan Stanley raised their price target on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their target price on Clearwater Analytics from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of Clearwater Analytics from $23.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Oppenheimer lifted their price objective on shares of Clearwater Analytics from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $30.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Swiss National Bank raised its stake in shares of Clearwater Analytics by 21.4% in the 1st quarter. Swiss National Bank now owns 288,300 shares of the company’s stock worth $5,100,000 after buying an additional 50,800 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Clearwater Analytics by 89.5% in the 1st quarter. Blair William & Co. IL now owns 41,756 shares of the company’s stock worth $739,000 after purchasing an additional 19,717 shares in the last quarter. Vanguard Group Inc. lifted its stake in Clearwater Analytics by 17.2% during the first quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock valued at $267,676,000 after purchasing an additional 2,219,459 shares during the last quarter. Thornburg Investment Management Inc. boosted its holdings in Clearwater Analytics by 31.7% during the first quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company’s stock worth $5,860,000 after buying an additional 79,707 shares in the last quarter. Finally, MQS Management LLC grew its position in Clearwater Analytics by 17.4% in the first quarter. MQS Management LLC now owns 13,471 shares of the company’s stock worth $238,000 after buying an additional 1,995 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors.

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.