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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $29.65, for a total value of $554,455.00. Following the completion of the sale, the chief financial officer now owns 214,044 shares in the company, valued at $6,346,404.60. This represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Clearwater Analytics Stock Performance

NYSE:CWAN opened at $27.90 on Thursday. The company’s 50-day moving average is $28.87 and its two-hundred day moving average is $24.37. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 2,792.79, a PEG ratio of 10.57 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71.

Hedge Funds Weigh In On Clearwater Analytics

Several hedge funds have recently bought and sold shares of CWAN. Hood River Capital Management LLC purchased a new position in shares of Clearwater Analytics in the 2nd quarter valued at about $43,280,000. Champlain Investment Partners LLC acquired a new stake in Clearwater Analytics in the third quarter valued at approximately $53,559,000. State Street Corp lifted its stake in Clearwater Analytics by 38.7% in the third quarter. State Street Corp now owns 3,617,462 shares of the company’s stock worth $91,341,000 after acquiring an additional 1,009,548 shares during the last quarter. Wasatch Advisors LP grew its holdings in Clearwater Analytics by 3.2% during the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock worth $457,909,000 after acquiring an additional 559,564 shares in the last quarter. Finally, Stephens Investment Management Group LLC purchased a new stake in shares of Clearwater Analytics in the 3rd quarter valued at approximately $11,071,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Analyst Ratings Changes

CWAN has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Piper Sandler raised their target price on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Clearwater Analytics currently has a consensus rating of “Hold” and an average target price of $31.89.

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.