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 company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the sale, the executive now directly owns 6,373 shares in the company, valued at $199,729.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, October 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The stock was sold at an average price of $25.38, for a total value of $98,728.20.
• 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.

Clearwater Analytics Stock Up 1.4 %

CWAN traded up $0.42 during midday trading on Wednesday, hitting $30.21. The company had a trading volume of 901,031 shares, compared to its average volume of 1,527,882. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 2,981.98, a PEG ratio of 11.24 and a beta of 0.61. The stock’s 50 day moving average price is $26.02 and its 200 day moving average price is $22.23. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Piper Sandler lifted their price objective 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. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Morgan Stanley boosted their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Citigroup started coverage on shares of Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.67.

Institutional Investors Weigh In On Clearwater Analytics

Institutional investors have recently added to or reduced their stakes in the company. Swiss National Bank raised its position in shares of Clearwater Analytics by 21.4% during the 1st quarter. Swiss National Bank now owns 288,300 shares of the company’s stock valued at $5,100,000 after buying an additional 50,800 shares in the last quarter. Sei Investments Co. raised its holdings in Clearwater Analytics by 24.4% in the 1st quarter. Sei Investments Co. now owns 1,586,565 shares of the company’s stock worth $28,066,000 after purchasing an additional 311,499 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Clearwater Analytics by 89.5% during the first quarter. Blair William & Co. IL now owns 41,756 shares of the company’s stock valued at $739,000 after purchasing an additional 19,717 shares in the last quarter. Element Capital Management LLC bought a new position in shares of Clearwater Analytics in the 1st quarter worth about $3,606,000. Finally, Vanguard Group Inc. boosted its position in shares of Clearwater Analytics by 17.2% in the 1st quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock worth $267,676,000 after purchasing an additional 2,219,459 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

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.