Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Sells 3,890 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 3,890 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $25.38, for a total value of $98,728.20. Following the transaction, the executive now owns 6,373 shares in the company, valued at $161,746.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Scott Stanley Erickson also recently made the following trade(s):

• On Tuesday, September 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.75, for a total value of $92,387.50.
• On Tuesday, July 16th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The shares were sold at an average price of $19.50, for a total value of $75,855.00.

Clearwater Analytics Stock Up 0.9 %

Shares of CWAN opened at $25.78 on Friday. The company has a market capitalization of $6.35 billion, a P/E ratio of -1,289.00, a PEG ratio of 9.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.78 and a quick ratio of 4.78. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $26.02. The business’s 50 day simple moving average is $24.36 and its 200-day simple moving average is $20.54.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. The firm had revenue of $106.79 million for the quarter, compared to the consensus estimate of $105.51 million. During the same quarter in the prior year, the business earned ($0.03) EPS. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

CWAN has been the topic of a number of recent research reports. Citigroup initiated coverage on Clearwater Analytics in a report on Monday, August 19th. They set a “buy” rating and a $28.00 price objective on the stock. Royal Bank of Canada lifted their price objective on Clearwater Analytics from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Oppenheimer lifted their price objective on Clearwater Analytics from $25.00 to $31.00 and gave the company an “outperform” rating in a report on Monday, October 7th. Wells Fargo & Company lifted their price objective on Clearwater Analytics from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Clearwater Analytics in a report on Monday, September 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.44.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CWAN. Brown Capital Management LLC lifted its holdings in Clearwater Analytics by 17.5% during the 4th quarter. Brown Capital Management LLC now owns 3,534,992 shares of the company’s stock worth $70,806,000 after buying an additional 527,622 shares in the last quarter. Osterweis Capital Management Inc. lifted its holdings in Clearwater Analytics by 27.6% during the 4th quarter. Osterweis Capital Management Inc. now owns 533,110 shares of the company’s stock worth $10,678,000 after buying an additional 115,225 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in Clearwater Analytics during the 4th quarter worth $4,877,000. Wellington Management Group LLP lifted its holdings in Clearwater Analytics by 4.2% during the 4th quarter. Wellington Management Group LLP now owns 2,159,700 shares of the company’s stock worth $43,259,000 after buying an additional 87,455 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Clearwater Analytics by 36.6% during the 4th quarter. Vanguard Group Inc. now owns 12,912,046 shares of the company’s stock worth $258,628,000 after buying an additional 3,461,158 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.