Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Insider Sells $1,878,833.74 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) insider Subi Sethi sold 62,482 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the sale, the insider now directly owns 144,973 shares in the company, valued at approximately $4,359,338.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $31.35 on Monday. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 8.23 and a beta of 0.72. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average is $28.03 and its two-hundred day moving average is $27.18. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The firm had revenue of $126.47 million during the quarter, compared to analysts’ expectations of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. Research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CWAN shares. The Goldman Sachs Group increased their price objective on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Oppenheimer increased their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Morgan Stanley reissued an “overweight” rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research note on Friday. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.80.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 468 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Clearwater Analytics during the 3rd quarter worth about $45,000. Arcadia Investment Management Corp MI purchased a new position in shares of Clearwater Analytics during the 4th quarter worth about $57,000. Financial Management Professionals Inc. purchased a new position in shares of Clearwater Analytics during the 3rd quarter worth about $58,000. Finally, R Squared Ltd purchased a new position in shares of Clearwater Analytics during the 4th quarter worth about $80,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

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.