Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells $554,455.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $29.65, for a total transaction of $554,455.00. Following the completion of the sale, the chief financial officer now owns 214,044 shares in the company, valued at approximately $6,346,404.60. This trade represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Clearwater Analytics Price Performance

Shares of CWAN traded down $0.08 during mid-day trading on Tuesday, hitting $29.55. The company’s stock had a trading volume of 3,157,728 shares, compared to its average volume of 1,689,368. The firm has a 50-day simple moving average of $28.78 and a 200 day simple moving average of $24.30. The firm has a market capitalization of $7.30 billion, a P/E ratio of 2,962.00, a P/E/G ratio of 10.57 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On Clearwater Analytics

Several hedge funds and other institutional investors have recently bought and sold shares of CWAN. Hood River Capital Management LLC acquired a new position in shares of Clearwater Analytics in the second quarter worth $43,280,000. Champlain Investment Partners LLC acquired a new position in Clearwater Analytics in the 3rd quarter valued at $53,559,000. State Street Corp lifted its stake in shares of Clearwater Analytics by 38.7% during the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company’s stock worth $91,341,000 after purchasing an additional 1,009,548 shares during the period. Wasatch Advisors LP grew its position in shares of Clearwater Analytics by 3.2% in the third quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock valued at $457,909,000 after purchasing an additional 559,564 shares during the period. Finally, Stephens Investment Management Group LLC acquired a new position in Clearwater Analytics in the third quarter valued at $11,071,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on CWAN. Piper Sandler boosted their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company lifted their target price on Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. Citigroup initiated coverage on Clearwater Analytics in a research report on Monday, August 19th. They issued a “buy” rating and a $28.00 target price for the company. Finally, Morgan Stanley lifted their target price on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.89.

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.