Clearwater Analytics (NYSE:CWAN) CFO Sells 18,700 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 18,700 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $22.96, for a total transaction of $429,352.00. Following the sale, the chief financial officer owned 390,697 shares of the company’s stock, valued at approximately $8,970,403.12. The trade was a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Clearwater Analytics Trading Up 0.9%

Shares of Clearwater Analytics stock traded up $0.21 during mid-day trading on Wednesday, hitting $23.14. The stock had a trading volume of 8,515,154 shares, compared to its average volume of 14,798,736. The firm has a 50-day moving average of $23.62 and a two-hundred day moving average of $20.87. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42. The firm has a market cap of $6.77 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 3.35 and a beta of 0.66. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $32.00.

Institutional Trading of Clearwater Analytics

Several institutional investors have recently modified their holdings of CWAN. EverSource Wealth Advisors LLC boosted its position in shares of Clearwater Analytics by 211.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after purchasing an additional 720 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Clearwater Analytics in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc grew its stake in shares of Clearwater Analytics by 189.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after purchasing an additional 1,024 shares during the period. First Horizon Advisors Inc. increased its holdings in Clearwater Analytics by 278.9% in the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after buying an additional 1,121 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its stake in shares of Clearwater Analytics by 54.9% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after buying an additional 640 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. William Blair restated a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. JPMorgan Chase & Co. decreased their price target on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. DA Davidson reiterated a “neutral” rating and issued a $24.55 target price (down from $30.00) on shares of Clearwater Analytics in a report on Friday, January 16th. Warburg Research set a $24.55 price target on Clearwater Analytics in a report on Monday, December 22nd. Finally, Wall Street Zen lowered Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.21.

About Clearwater Analytics

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.