Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson Sells 3,890 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $25.38, for a total value of $98,728.20. Following the transaction, the executive now directly owns 6,373 shares in the company, valued at $161,746.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Scott Stanley Erickson also recently made the following trade(s):

• On Tuesday, September 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.75, for a total value of $92,387.50.
• On Tuesday, July 16th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The stock was sold at an average price of $19.50, for a total value of $75,855.00.

Clearwater Analytics Stock Performance

CWAN opened at $25.77 on Friday. The company has a market cap of $6.35 billion, a PE ratio of -1,288.50, a price-to-earnings-growth ratio of 9.16 and a beta of 0.62. The stock has a 50-day moving average of $24.36 and a 200-day moving average of $20.52. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $26.02. 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 released its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $106.79 million during the quarter, compared to the consensus estimate of $105.51 million. During the same quarter in the prior year, the company posted ($0.03) EPS. The firm’s revenue was up 18.8% on a year-over-year basis. As a group, equities research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CWAN. Wells Fargo & Company upped their target price on Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their target price on Clearwater Analytics from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Piper Sandler reaffirmed a “neutral” rating and issued a $23.00 target price on shares of Clearwater Analytics in a research report on Monday, September 9th. Citigroup began coverage on Clearwater Analytics in a research report on Monday, August 19th. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Oppenheimer upped their target price on Clearwater Analytics from $25.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.44.

Hedge Funds Weigh In On Clearwater Analytics

Several large investors have recently added to or reduced their stakes in the company. Blair William & Co. IL raised its holdings in Clearwater Analytics by 1.6% in the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock valued at $786,000 after acquiring an additional 680 shares in the last quarter. Arizona State Retirement System raised its holdings in Clearwater Analytics by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock valued at $757,000 after acquiring an additional 828 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Clearwater Analytics by 268.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after acquiring an additional 1,234 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Clearwater Analytics by 389.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock valued at $34,000 after acquiring an additional 1,549 shares in the last quarter. Finally, RiverPark Advisors LLC raised its holdings in Clearwater Analytics by 33.1% in the 2nd quarter. RiverPark Advisors LLC now owns 7,140 shares of the company’s stock valued at $132,000 after acquiring an additional 1,774 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.