Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CFO James S. Cox sold 18,700 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $26.16, for a total transaction of $489,192.00. Following the completion of the sale, the chief financial officer now directly owns 224,044 shares of the company's stock, valued at approximately $5,860,991.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Clearwater Analytics Stock Performance
Shares of Clearwater Analytics stock opened at $26.30 on Thursday. The company has a market capitalization of $6.46 billion, a PE ratio of -328.75, a P/E/G ratio of 9.16 and a beta of 0.62. The company has a 50-day simple moving average of $24.50 and a two-hundred day simple moving average of $20.68. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $26.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.78 and a current ratio of 4.78.
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Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Clearwater Analytics had a negative net margin of 1.14% and a positive return on equity of 3.55%. The firm had revenue of $106.79 million during the quarter, compared to analyst estimates of $105.51 million. During the same quarter in the previous year, the business posted ($0.03) EPS. Clearwater Analytics's revenue was up 18.8% on a year-over-year basis. Research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.14 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently issued reports on CWAN shares. Royal Bank of Canada boosted their price target on Clearwater Analytics from $25.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, September 18th. Wells Fargo & Company increased their price target on Clearwater Analytics from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Citigroup initiated coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a "buy" rating and a $28.00 price objective for the company. Oppenheimer upped their price objective on shares of Clearwater Analytics from $25.00 to $31.00 and gave the stock an "outperform" rating in a research note on Monday, October 7th. Finally, Piper Sandler reissued a "neutral" rating and set a $23.00 target price on shares of Clearwater Analytics in a research report on Monday, September 9th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Clearwater Analytics currently has an average rating of "Moderate Buy" and a consensus price target of $24.44.
Check Out Our Latest Analysis on Clearwater Analytics
Hedge Funds Weigh In On Clearwater Analytics
Large investors have recently made changes to their positions in the business. Creative Planning acquired a new stake in shares of Clearwater Analytics in the 3rd quarter worth $505,000. Exchange Traded Concepts LLC purchased a new stake in Clearwater Analytics in the third quarter valued at about $117,000. Diversified Trust Co acquired a new stake in Clearwater Analytics in the third quarter worth about $517,000. Handelsbanken Fonder AB grew its stake in shares of Clearwater Analytics by 46.5% during the third quarter. Handelsbanken Fonder AB now owns 27,100 shares of the company's stock worth $684,000 after acquiring an additional 8,600 shares during the last quarter. Finally, Cim LLC acquired a new position in shares of Clearwater Analytics during the second quarter valued at about $163,000. 50.10% of the stock is owned by institutional investors and hedge funds.
About Clearwater Analytics
(
Get Free Report)
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.
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