Clearwater Analytics (NYSE:CWAN) Director D Scott Mackesy Sells 633,879 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Director D Scott Mackesy sold 633,879 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $24.30, for a total transaction of $15,403,259.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Clearwater Analytics Price Performance

Shares of NYSE CWAN traded up $0.01 during mid-day trading on Wednesday, hitting $24.26. 7,653,626 shares of the stock traded hands, compared to its average volume of 7,157,574. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $24.43. The company has a market cap of $7.24 billion, a PE ratio of -134.74, a price-to-earnings-growth ratio of 3.33 and a beta of 0.60. The firm has a 50 day simple moving average of $24.25 and a two-hundred day simple moving average of $23.66.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The company had revenue of $221.23 million for the quarter, compared to the consensus estimate of $214.09 million. During the same quarter last year, the business posted $0.13 EPS. Clearwater Analytics’s revenue for the quarter was up 74.4% on a year-over-year basis. As a group, equities research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CWAN. Royal Bank Of Canada reiterated a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Finally, DA Davidson reiterated a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Gabelli Funds LLC acquired a new position in shares of Clearwater Analytics in the 4th quarter worth approximately $7,916,000. Vanguard Group Inc. lifted its holdings in Clearwater Analytics by 21.9% in the third quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after buying an additional 5,967,798 shares during the period. Stephens Investment Management Group LLC lifted its holdings in Clearwater Analytics by 18.6% in the fourth quarter. Stephens Investment Management Group LLC now owns 3,531,792 shares of the company’s stock valued at $85,187,000 after buying an additional 553,218 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Clearwater Analytics in the fourth quarter valued at $6,459,000. Finally, Capricorn Fund Managers Ltd acquired a new position in Clearwater Analytics in the fourth quarter valued at $3,006,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.