Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells $567,358.00 in Stock

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

Clearwater Analytics Stock Up 0.3 %

Shares of NYSE:CWAN opened at $30.90 on Thursday. The firm has a market cap of $7.63 billion, a PE ratio of 3,090.00, a price-to-earnings-growth ratio of 10.89 and a beta of 0.61. The company has a fifty day simple moving average of $26.82 and a 200 day simple moving average of $22.78. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71.

Institutional Investors Weigh In On Clearwater Analytics

Several hedge funds and other institutional investors have recently modified their holdings of CWAN. Swiss National Bank grew its stake in Clearwater Analytics by 21.4% in the first quarter. Swiss National Bank now owns 288,300 shares of the company’s stock worth $5,100,000 after purchasing an additional 50,800 shares in the last quarter. Blair William & Co. IL grew its position in shares of Clearwater Analytics by 89.5% in the 1st quarter. Blair William & Co. IL now owns 41,756 shares of the company’s stock worth $739,000 after acquiring an additional 19,717 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 valued at $267,676,000 after acquiring an additional 2,219,459 shares during the last quarter. Thornburg Investment Management Inc. raised its position in shares of Clearwater Analytics by 31.7% during the 1st quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company’s stock valued at $5,860,000 after acquiring an additional 79,707 shares in the last quarter. Finally, MQS Management LLC lifted its stake in Clearwater Analytics by 17.4% during the first quarter. MQS Management LLC now owns 13,471 shares of the company’s stock worth $238,000 after purchasing an additional 1,995 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. DA Davidson lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and raised their price target for the stock from $31.00 to $35.00 in a research note on Friday, November 8th. The Goldman Sachs Group increased their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Royal Bank of Canada increased their target price on Clearwater Analytics from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Citigroup assumed coverage on Clearwater Analytics in a report on Monday, August 19th. They set 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 assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $30.67.

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.