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 firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total transaction of $489,192.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Clearwater Analytics Trading Up 3.2 %

NYSE:CWAN opened at $27.14 on Friday. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of -339.25, a PEG ratio of 9.16 and a beta of 0.62. The firm has a fifty day simple moving average of $24.57 and a two-hundred day simple moving average of $20.72. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $27.16.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $106.79 million during the quarter, compared to analysts’ expectations of $105.51 million. Clearwater Analytics had a negative net margin of 1.14% and a positive return on equity of 3.55%. The business’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period last year, the company posted ($0.03) earnings per share. Analysts expect that Clearwater Analytics Holdings, Inc. will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

CWAN has been the subject of several analyst 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 price target for the company. Royal Bank of Canada raised their price target on shares of Clearwater Analytics from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Piper Sandler reaffirmed a “neutral” rating and set a $23.00 price target on shares of Clearwater Analytics in a research note on Monday, September 9th. Oppenheimer lifted their target price on shares of Clearwater Analytics from $25.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, October 7th. Finally, Wells Fargo & Company lifted their target price on shares of Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.67.

Institutional Investors Weigh In On Clearwater Analytics

A number of large investors have recently bought and sold shares of the stock. Creative Planning acquired a new stake in Clearwater Analytics in the third quarter worth $505,000. Exchange Traded Concepts LLC acquired a new position in shares of Clearwater Analytics during the third quarter valued at about $117,000. Diversified Trust Co acquired a new position in shares of Clearwater Analytics during the third quarter valued at about $517,000. Handelsbanken Fonder AB grew its holdings in shares of Clearwater Analytics by 46.5% during the third quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company’s stock valued at $684,000 after buying an additional 8,600 shares during the last quarter. Finally, Cim LLC acquired a new position in shares of Clearwater Analytics during the second quarter valued at about $163,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

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.