Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells 18,700 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total value of $511,071.00. Following the sale, the chief financial officer now directly owns 274,857 shares in the company, valued at approximately $7,511,841.81. This represents a 6.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Clearwater Analytics Price Performance

Shares of CWAN traded up $0.75 during midday trading on Tuesday, reaching $27.66. The stock had a trading volume of 2,940,290 shares, compared to its average volume of 1,948,676. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The company has a market capitalization of $6.83 billion, a P/E ratio of 2,768.27, a P/E/G ratio of 7.82 and a beta of 0.72. 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 52 week low of $15.62 and a 52 week high of $35.71.

Hedge Funds Weigh In On Clearwater Analytics

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CWAN. Oppenheimer increased their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group upped their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Royal Bank of Canada cut their price objective on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. 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. Finally, Wells Fargo & Company lifted their price target on Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

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.