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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $27.33, for a total value of $511,071.00. Following the transaction, the chief financial officer now owns 274,857 shares in the company, valued at $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 can be accessed through this link.

Clearwater Analytics Trading Up 2.8 %

CWAN traded up $0.75 during trading on Tuesday, hitting $27.66. The company’s stock had a trading volume of 2,940,290 shares, compared to its average volume of 1,948,676. The firm’s 50 day moving average price is $28.08 and its 200-day moving average price is $27.01. 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 $6.83 billion, a PE ratio of 2,768.27, a PEG ratio of 7.82 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

Institutional Investors Weigh In On Clearwater Analytics

A number of large investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after acquiring an additional 468 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Clearwater Analytics during the third quarter worth approximately $45,000. Arcadia Investment Management Corp MI acquired a new stake in Clearwater Analytics in the fourth quarter valued at $57,000. Financial Management Professionals Inc. bought a new stake in shares of Clearwater Analytics in the 3rd quarter worth about $58,000. Finally, R Squared Ltd acquired a new stake in shares of Clearwater Analytics in the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CWAN. Morgan Stanley raised shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $30.00 to $34.00 in a research note on Friday, January 17th. Wells Fargo & Company lifted their price target on shares of Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Royal Bank of Canada lowered their price target on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Piper Sandler boosted their target price on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their target price on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

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.