Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Sells $2,293,017.92 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 76,256 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $2,293,017.92. Following the completion of the sale, the executive now directly owns 78,363 shares in the company, valued at approximately $2,356,375.41. The trade was a 49.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Scott Stanley Erickson also recently made the following trade(s):

• On Tuesday, December 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The stock was sold at an average price of $29.07, for a total value of $113,082.30.

Clearwater Analytics Stock Performance

Clearwater Analytics stock opened at $31.35 on Monday. The stock’s 50 day moving average price is $28.03 and its 200 day moving average price is $27.18. The firm has a market capitalization of $7.74 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 8.23 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71.

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

Institutional Investors Weigh In On Clearwater Analytics

Several hedge funds and other institutional investors have recently bought and sold shares of CWAN. GAMMA Investing LLC increased its holdings in Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Clearwater Analytics during the 3rd quarter worth approximately $45,000. Arcadia Investment Management Corp MI purchased a new stake in Clearwater Analytics during the 4th quarter worth approximately $57,000. Financial Management Professionals Inc. purchased a new stake in Clearwater Analytics during the 3rd quarter worth approximately $58,000. Finally, R Squared Ltd purchased a new stake in Clearwater Analytics during the 4th quarter worth approximately $80,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on CWAN shares. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $28.00 to $36.00 in a research note on Thursday. Oppenheimer lifted their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. UBS Group lifted their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada lifted their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, The Goldman Sachs Group lifted their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and a consensus 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.