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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total value of $489,192.00. Following the completion of the transaction, the chief financial officer now directly owns 224,044 shares of the company’s stock, valued at $5,860,991.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Clearwater Analytics Price Performance

Shares of NYSE CWAN traded up $0.04 during midday trading on Wednesday, reaching $26.18. 220,184 shares of the company traded hands, compared to its average volume of 1,457,267. The firm has a market cap of $6.43 billion, a PE ratio of -328.13, a PEG ratio of 9.16 and a beta of 0.62. The stock’s 50-day simple moving average is $24.42 and its 200-day simple moving average is $20.62. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $26.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.78 and a current ratio of 4.78.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. The business had revenue of $106.79 million during the quarter, compared to analyst estimates of $105.51 million. During the same period in the previous year, the firm earned ($0.03) EPS. Clearwater Analytics’s quarterly revenue was up 18.8% compared to the same quarter last year. As a group, equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CWAN has been the subject of a number of research reports. Citigroup initiated coverage on shares of Clearwater Analytics in a research note on Monday, August 19th. They set a “buy” rating and a $28.00 target price for the company. Piper Sandler restated a “neutral” rating and issued a $23.00 target price on shares of Clearwater Analytics in a research note on Monday, September 9th. Oppenheimer raised their target price on shares of Clearwater Analytics from $25.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Royal Bank of Canada lifted their target price on shares of Clearwater Analytics from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company boosted their price target on shares of Clearwater Analytics from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.44.

Hedge Funds Weigh In On Clearwater Analytics

Several large investors have recently bought and sold shares of the company. Creative Planning purchased a new position in Clearwater Analytics in the third quarter worth $505,000. Exchange Traded Concepts LLC bought a new position in Clearwater Analytics during the 3rd quarter worth approximately $117,000. Diversified Trust Co bought a new position in Clearwater Analytics during the 3rd quarter worth approximately $517,000. Handelsbanken Fonder AB lifted its holdings in Clearwater Analytics by 46.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company’s stock worth $684,000 after buying an additional 8,600 shares during the period. Finally, Cim LLC purchased a new position in shares of Clearwater Analytics in the 2nd quarter valued at approximately $163,000. 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.