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 Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total value of $503,778.00. Following the sale, the chief financial officer now owns 279,857 shares in the company, valued at $7,539,347.58. This trade represents a 6.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Clearwater Analytics Price Performance

Shares of CWAN stock traded up $0.94 during midday trading on Friday, reaching $28.03. 957,819 shares of the company were exchanged, compared to its average volume of 2,077,647. The company’s 50 day moving average price is $29.20 and its two-hundred day moving average price is $25.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a market cap of $6.92 billion, a P/E ratio of 2,806.81, a PEG ratio of 7.27 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71.

Institutional Investors Weigh In On Clearwater Analytics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC increased its position in shares of Clearwater Analytics by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock valued at $1,233,000 after purchasing an additional 395 shares during the period. GAMMA Investing LLC boosted its stake in Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after buying an additional 468 shares in the last quarter. IHT Wealth Management LLC grew its holdings in Clearwater Analytics by 5.5% during the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock worth $288,000 after acquiring an additional 598 shares during the period. Blair William & Co. IL raised its position in Clearwater Analytics by 1.6% in the second quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock worth $786,000 after acquiring an additional 680 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Clearwater Analytics by 38.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after acquiring an additional 995 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on CWAN shares. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. 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 report on Friday. The Goldman Sachs Group increased their price target on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada dropped their target price on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.