Clearwater Analytics (NYSE:CWAN) CFO Sells $451,418.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 18,700 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $24.14, for a total transaction of $451,418.00. Following the sale, the chief financial officer owned 395,697 shares of the company’s stock, valued at approximately $9,552,125.58. This trade represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Clearwater Analytics Price Performance

CWAN stock opened at $24.27 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 3.52 and a beta of 0.66. The company’s fifty day simple moving average is $22.72 and its 200 day simple moving average is $20.61. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $32.00.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The business’s revenue was up 77.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share. On average, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Intech Investment Management LLC boosted its holdings in shares of Clearwater Analytics by 46.4% in the 2nd quarter. Intech Investment Management LLC now owns 157,281 shares of the company’s stock worth $3,449,000 after buying an additional 49,845 shares during the last quarter. Future Fund LLC purchased a new stake in Clearwater Analytics during the second quarter worth about $732,000. Hillsdale Investment Management Inc. raised its position in Clearwater Analytics by 28.0% in the second quarter. Hillsdale Investment Management Inc. now owns 190,950 shares of the company’s stock worth $4,188,000 after acquiring an additional 41,800 shares during the period. Segall Bryant & Hamill LLC boosted its stake in Clearwater Analytics by 20.4% in the second quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company’s stock valued at $8,435,000 after acquiring an additional 65,141 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Clearwater Analytics by 8.2% during the 2nd quarter. Swiss National Bank now owns 447,996 shares of the company’s stock valued at $9,825,000 after acquiring an additional 33,896 shares during the period. 50.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on CWAN shares. Jefferies Financial Group downgraded shares of Clearwater Analytics to a “hold” rating in a research report on Friday, January 16th. Royal Bank Of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Clearwater Analytics in a report on Monday, December 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $27.00 price target on shares of Clearwater Analytics in a research note on Monday, November 24th. DA Davidson reissued a “neutral” rating and set a $24.55 price objective (down previously from $30.00) on shares of Clearwater Analytics in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Clearwater Analytics in a research note on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Clearwater Analytics has an average rating of “Hold” and a consensus target price of $27.93.

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.