Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox Sells 18,700 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $30.34, for a total value of $567,358.00. Following the transaction, the chief financial officer now owns 219,044 shares of the company’s stock, valued at approximately $6,645,794.96. This represents a 7.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $29.98 on Tuesday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $7.41 billion, a P/E ratio of 3,001.00, a P/E/G ratio of 10.89 and a beta of 0.61. The business’s 50 day moving average price is $26.53 and its 200-day moving average price is $22.63. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71.

Institutional Investors Weigh In On Clearwater Analytics

Hedge funds have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC bought a new position in shares of Clearwater Analytics during the second quarter valued at $43,280,000. Vanguard Group Inc. increased its stake in Clearwater Analytics by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock valued at $267,676,000 after purchasing an additional 2,219,459 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in Clearwater Analytics during the 3rd quarter valued at about $53,559,000. Bamco Inc. NY raised its holdings in Clearwater Analytics by 30.8% in the first quarter. Bamco Inc. NY now owns 5,359,172 shares of the company’s stock worth $94,804,000 after buying an additional 1,262,150 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Clearwater Analytics by 38.7% in the third quarter. State Street Corp now owns 3,617,462 shares of the company’s stock worth $91,341,000 after buying an additional 1,009,548 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of Clearwater Analytics from $23.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Piper Sandler raised their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Finally, Citigroup assumed coverage on Clearwater Analytics in a research note on Monday, August 19th. They issued a “buy” rating and a $28.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Clearwater Analytics currently has an average rating of “Hold” and a consensus price target of $30.67.

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.