Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CFO James S. Cox sold 18,700 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $23.17, for a total transaction of $433,279.00. Following the completion of the sale, the chief financial officer now directly owns 358,885 shares in the company, valued at approximately $8,315,365.45. The trade was a 4.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Clearwater Analytics Stock Down 0.2 %
Shares of NYSE:CWAN opened at $23.04 on Friday. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The firm has a market cap of $5.78 billion, a P/E ratio of 13.88, a P/E/G ratio of 8.23 and a beta of 0.76. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The company's 50-day moving average price is $26.81 and its two-hundred day moving average price is $27.75.
Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The company had revenue of $126.47 million during the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. As a group, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.
Institutional Trading of Clearwater Analytics
Several institutional investors and hedge funds have recently added to or reduced their stakes in CWAN. Wellington Management Group LLP raised its stake in shares of Clearwater Analytics by 98.2% during the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock worth $163,867,000 after buying an additional 2,950,555 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock valued at $202,931,000 after acquiring an additional 2,931,445 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Clearwater Analytics by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock worth $574,607,000 after purchasing an additional 2,455,844 shares during the last quarter. Norges Bank acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth $59,402,000. Finally, Blair William & Co. IL lifted its stake in Clearwater Analytics by 3,835.2% in the fourth quarter. Blair William & Co. IL now owns 1,754,732 shares of the company's stock valued at $48,290,000 after buying an additional 1,710,141 shares during the period. 50.10% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an "overweight" rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Piper Sandler upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their price target for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. Wells Fargo & Company lifted their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Royal Bank of Canada upped their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.80.
View Our Latest Stock Analysis on Clearwater Analytics
Clearwater Analytics Company Profile
(
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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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