Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Insider Subi Sethi Sells 18,599 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) insider Subi Sethi sold 18,599 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $19.46, for a total transaction of $361,936.54. Following the sale, the insider now directly owns 77,519 shares in the company, valued at $1,508,519.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Subi Sethi also recently made the following trade(s):

• On Thursday, May 16th, Subi Sethi sold 1 shares of Clearwater Analytics stock. The stock was sold at an average price of $19.50, for a total value of $19.50.

Clearwater Analytics Stock Up 0.1 %

Shares of CWAN opened at $19.06 on Thursday. The stock has a fifty day simple moving average of $17.27 and a two-hundred day simple moving average of $18.67. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $4.68 billion, a PE ratio of -238.25, a price-to-earnings-growth ratio of 7.44 and a beta of 0.50. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.28 and a 52-week high of $21.89.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $102.70 million during the quarter, compared to analysts’ expectations of $100.55 million. Clearwater Analytics had a negative net margin of 3.90% and a positive return on equity of 1.25%. Clearwater Analytics’s revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business earned $0.07 earnings per share. As a group, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CWAN. Allspring Global Investments Holdings LLC grew its holdings in shares of Clearwater Analytics by 65.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,387,928 shares of the company’s stock worth $67,860,000 after purchasing an additional 1,335,802 shares during the period. Vanguard Group Inc. boosted its stake in Clearwater Analytics by 13.8% during the third quarter. Vanguard Group Inc. now owns 9,450,888 shares of the company’s stock worth $182,780,000 after buying an additional 1,148,338 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Clearwater Analytics during the third quarter valued at about $2,551,000. Swiss National Bank increased its position in shares of Clearwater Analytics by 37.3% during the fourth quarter. Swiss National Bank now owns 237,500 shares of the company’s stock valued at $4,757,000 after acquiring an additional 64,500 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Clearwater Analytics by 42.1% in the 4th quarter. Raymond James & Associates now owns 621,031 shares of the company’s stock valued at $12,439,000 after acquiring an additional 183,899 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CWAN. JPMorgan Chase & Co. reduced their target price on Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. DA Davidson restated a “buy” rating and set a $24.00 price objective on shares of Clearwater Analytics in a research report on Monday, February 5th. Wells Fargo & Company dropped their target price on shares of Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Piper Sandler restated a “neutral” rating and set a $20.00 price target on shares of Clearwater Analytics in a research report on Thursday, February 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price objective on shares of Clearwater Analytics in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.70.

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.