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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $23.33, for a total transaction of $436,271.00. Following the sale, the chief financial officer owned 469,114 shares in the company, valued at approximately $10,944,429.62. This trade represents a 3.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Clearwater Analytics Price Performance

NYSE:CWAN traded down $0.04 during mid-day trading on Tuesday, hitting $23.39. The company’s stock had a trading volume of 4,680,368 shares, compared to its average volume of 6,764,631. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 123.26, a P/E/G ratio of 3.25 and a beta of 0.67. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $27.76. The stock has a fifty day moving average of $23.69 and a 200-day moving average of $21.37.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wall Street Zen downgraded Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Weiss Ratings cut Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. UBS Group downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their target price for the company from $30.00 to $24.55 in a research note on Monday, January 26th. Finally, Wells Fargo & Company lowered shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $27.00 to $24.55 in a report on Thursday, January 8th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Clearwater Analytics currently has a consensus rating of “Hold” and an average price target of $26.17.

Institutional Investors Weigh In On Clearwater Analytics

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its position in Clearwater Analytics by 28.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,848 shares of the company’s stock valued at $1,082,000 after purchasing an additional 9,890 shares during the last quarter. Larry Mathis Financial Planning LLC bought a new stake in shares of Clearwater Analytics during the fourth quarter worth $228,000. Ovata Capital Management Ltd acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at $6,811,000. Alberta Investment Management Corp acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at $13,850,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Clearwater Analytics in the fourth quarter valued at about $400,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Company Profile

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.