Clearwater Analytics (NYSE:CWAN) CFO James Cox Sells 18,700 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 18,700 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $22.96, for a total value of $429,352.00. Following the completion of the sale, the chief financial officer directly owned 390,697 shares in the company, valued at approximately $8,970,403.12. The trade was a 4.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Clearwater Analytics Trading Up 0.9%

Shares of Clearwater Analytics stock opened at $23.14 on Thursday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $32.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $6.77 billion, a PE ratio of 15.12, a PEG ratio of 3.31 and a beta of 0.66. The company has a 50 day simple moving average of $23.65 and a two-hundred day simple moving average of $20.89.

Wall Street Analyst Weigh In

A number of brokerages have commented on CWAN. Loop Capital cut shares of Clearwater Analytics from a “buy” rating to a “hold” rating and reduced their price target for the company from $25.00 to $24.55 in a research report on Monday, December 22nd. Wells Fargo & Company lowered shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $27.00 to $24.55 in a report on Thursday, January 8th. Oppenheimer downgraded shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. JPMorgan Chase & Co. cut their price target on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Clearwater Analytics has a consensus rating of “Hold” and a consensus price target of $27.21.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Clearwater Analytics by 211.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after acquiring an additional 720 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Clearwater Analytics in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc boosted its position in shares of Clearwater Analytics by 189.3% during the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after purchasing an additional 1,024 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Clearwater Analytics by 278.9% in the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after purchasing an additional 1,121 shares during the period. Finally, Essex Investment Management Co. LLC raised its holdings in Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after purchasing an additional 640 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

About Clearwater Analytics

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.