Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Sells $2,293,017.92 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 76,256 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $2,293,017.92. Following the completion of the transaction, the executive now directly owns 78,363 shares of the company’s stock, valued at approximately $2,356,375.41. This trade represents a 49.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, December 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The stock was sold at an average price of $29.07, for a total value of $113,082.30.

Clearwater Analytics Trading Up 4.7 %

Shares of CWAN stock opened at $31.35 on Friday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The stock’s 50 day simple moving average is $28.03 and its two-hundred day simple moving average is $27.11. The company has a market cap of $7.74 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 7.43 and a beta of 0.72.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The company had revenue of $126.47 million for the quarter, compared to analysts’ expectations of $120.34 million. Research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Institutional Investors Weigh In On Clearwater Analytics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Clearwater Analytics by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company’s stock valued at $574,607,000 after purchasing an additional 2,455,844 shares during the period. Wasatch Advisors LP raised its position in Clearwater Analytics by 3.2% during 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. Alliancebernstein L.P. raised its holdings in shares of Clearwater Analytics by 66.0% in the fourth quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock worth $202,931,000 after buying an additional 2,931,445 shares during the period. Conestoga Capital Advisors LLC raised its holdings in shares of Clearwater Analytics by 1.6% in the third quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company’s stock worth $171,156,000 after buying an additional 107,210 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Clearwater Analytics by 98.2% in the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company’s stock worth $163,867,000 after buying an additional 2,950,555 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CWAN. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $28.00 to $36.00 in a research note on Thursday. UBS Group upped their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley reaffirmed an “overweight” rating and issued a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price target for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company increased their price target on Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.80.

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.