Clearwater Analytics (NYSE:CWAN) CFO Sells $451,418.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $24.14, for a total transaction of $451,418.00. Following the sale, the chief financial officer directly owned 395,697 shares of the company’s stock, valued at approximately $9,552,125.58. This trade represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Clearwater Analytics Stock Down 0.1%

NYSE:CWAN traded down $0.02 during trading hours on Tuesday, hitting $24.26. The company’s stock had a trading volume of 1,505,680 shares, compared to its average volume of 13,933,926. The stock has a market capitalization of $7.10 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 3.51 and a beta of 0.66. The stock has a fifty day moving average of $22.41 and a 200-day moving average of $20.54. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $32.00.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $205.11 million for the quarter, compared to analysts’ expectations of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The firm’s quarterly revenue was up 77.1% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. On average, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

CWAN has been the subject of several research analyst reports. Warburg Research set a $24.55 target price on shares of Clearwater Analytics in a report on Monday, December 22nd. Jefferies Financial Group cut shares of Clearwater Analytics to a “hold” rating in a research report on Friday. Loop Capital downgraded Clearwater Analytics from a “buy” rating to a “hold” rating and reduced their target price for the company from $25.00 to $24.55 in a report on Monday, December 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.93.

Hedge Funds Weigh In On Clearwater Analytics

A number of hedge funds and other institutional investors have recently bought and sold shares of CWAN. Vanguard Group Inc. raised its position in Clearwater Analytics by 21.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after buying an additional 5,967,798 shares during the last quarter. Wellington Management Group LLP raised its holdings in Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock worth $320,642,000 after purchasing an additional 9,268,950 shares in the last quarter. Wasatch Advisors LP lifted its position in Clearwater Analytics by 3.0% in the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock valued at $209,813,000 after purchasing an additional 274,664 shares during the period. Bamco Inc. NY boosted its holdings in Clearwater Analytics by 25.9% in the 3rd quarter. Bamco Inc. NY now owns 7,675,038 shares of the company’s stock valued at $138,304,000 after purchasing an additional 1,580,323 shares in the last quarter. Finally, Blair William & Co. IL increased its position in Clearwater Analytics by 83.5% during the 3rd quarter. Blair William & Co. IL now owns 7,134,647 shares of the company’s stock worth $128,566,000 after purchasing an additional 3,245,986 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Analytics Company Profile

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.