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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 18,700 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $23.33, for a total transaction of $436,271.00. Following the completion of the sale, the chief financial officer owned 469,114 shares in the company, valued at $10,944,429.62. The trade was a 3.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $23.28 on Thursday. The company has a market cap of $6.88 billion, a P/E ratio of -166.24, a PEG ratio of 3.25 and a beta of 0.67. The firm has a fifty day moving average price of $23.68 and a 200 day moving average price of $21.38. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $27.76.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CWAN. William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Oppenheimer lowered shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Wells Fargo & Company cut shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $27.00 to $24.55 in a report on Thursday, January 8th. Finally, UBS Group downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $24.55 in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Clearwater Analytics currently has an average rating of “Hold” and an average target price of $26.17.

Institutional Trading of Clearwater Analytics

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its position in shares of Clearwater Analytics by 28.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,848 shares of the company’s stock valued at $1,082,000 after purchasing an additional 9,890 shares during the period. Larry Mathis Financial Planning LLC acquired a new position in Clearwater Analytics during the fourth quarter worth approximately $228,000. Ovata Capital Management Ltd purchased a new stake in Clearwater Analytics in the fourth quarter valued at approximately $6,811,000. Alberta Investment Management Corp purchased a new stake in Clearwater Analytics in the fourth quarter valued at approximately $13,850,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at approximately $400,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

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.