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 business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $30.34, for a total value of $567,358.00. Following the transaction, the chief financial officer now directly owns 219,044 shares of the company’s stock, valued at approximately $6,645,794.96. The trade was a 7.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $30.82 on Wednesday. The stock’s 50 day moving average price is $26.68 and its two-hundred day moving average price is $22.72. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 3,082.00, a PEG ratio of 10.89 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71.

Institutional Investors Weigh In On Clearwater Analytics

Large investors have recently bought and sold shares of the stock. Swiss National Bank raised its holdings in shares of Clearwater Analytics by 21.4% during the first quarter. Swiss National Bank now owns 288,300 shares of the company’s stock valued at $5,100,000 after purchasing an additional 50,800 shares during the period. Blair William & Co. IL boosted its holdings in Clearwater Analytics by 89.5% in the first quarter. Blair William & Co. IL now owns 41,756 shares of the company’s stock worth $739,000 after acquiring an additional 19,717 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Clearwater Analytics by 17.2% during the first quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock valued at $267,676,000 after acquiring an additional 2,219,459 shares in the last quarter. Thornburg Investment Management Inc. lifted its holdings in shares of Clearwater Analytics by 31.7% in the 1st quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company’s stock worth $5,860,000 after purchasing an additional 79,707 shares in the last quarter. Finally, MQS Management LLC grew its position in Clearwater Analytics by 17.4% in the 1st quarter. MQS Management LLC now owns 13,471 shares of the company’s stock valued at $238,000 after purchasing an additional 1,995 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CWAN shares. Wells Fargo & Company raised their price objective on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price target on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Oppenheimer increased their target price on shares of Clearwater Analytics from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Piper Sandler boosted their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Clearwater Analytics has an average rating of “Hold” and a consensus target price of $30.67.

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.