Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO Sells $503,778.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $26.94, for a total transaction of $503,778.00. Following the sale, the chief financial officer now directly owns 279,857 shares of the company’s stock, valued at $7,539,347.58. This represents a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $28.01 on Friday. 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 firm has a market cap of $6.92 billion, a price-to-earnings ratio of 2,803.40, a price-to-earnings-growth ratio of 7.27 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The company’s fifty day moving average is $29.12 and its 200-day moving average is $25.69.

Analyst Ratings Changes

CWAN has been the subject of a number of research analyst reports. Morgan Stanley upgraded Clearwater Analytics from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $30.00 to $34.00 in a report on Friday. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Royal Bank of Canada decreased their price target on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.33.

Institutional Trading of Clearwater Analytics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Seven Eight Capital LP acquired a new stake in shares of Clearwater Analytics in the second quarter valued at about $1,797,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Clearwater Analytics in the 3rd quarter valued at approximately $3,677,000. Loomis Sayles & Co. L P increased its position in Clearwater Analytics by 11.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock worth $83,186,000 after buying an additional 327,880 shares during the period. Swiss National Bank lifted its holdings in shares of Clearwater Analytics by 8.5% during the third quarter. Swiss National Bank now owns 312,900 shares of the company’s stock worth $7,901,000 after buying an additional 24,600 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Clearwater Analytics in the third quarter valued at approximately $523,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.