Souvik Das Sells 76,844 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 76,844 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $2,310,699.08. Following the completion of the transaction, the chief technology officer now owns 68,902 shares of the company’s stock, valued at approximately $2,071,883.14. This trade represents a 52.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Clearwater Analytics Stock Performance

NYSE CWAN opened at $31.35 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The company has a market capitalization of $7.74 billion, a PE ratio of 18.88, a P/E/G ratio of 8.23 and a beta of 0.72. The company has a fifty day moving average of $28.03 and a two-hundred day moving average of $27.14.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The company had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. As a group, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Institutional Investors Weigh In On Clearwater Analytics

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after buying an additional 468 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Clearwater Analytics in the third quarter valued at about $45,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $57,000. Financial Management Professionals Inc. purchased a new stake in shares of Clearwater Analytics in the third quarter valued at about $58,000. Finally, R Squared Ltd purchased a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $80,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Morgan Stanley reiterated an “overweight” rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday. Royal Bank of Canada boosted their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their target price 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. Finally, Piper Sandler upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $28.00 to $36.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.80.

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.