Scott Stanley Erickson Sells 3,890 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the sale, the executive now owns 6,373 shares of the company’s stock, valued at approximately $199,729.82. The trade was a 37.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Scott Stanley Erickson also recently made the following trade(s):

• On Thursday, October 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The shares were sold at an average price of $25.38, for a total value of $98,728.20.
• On Tuesday, September 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The stock was sold at an average price of $23.75, for a total value of $92,387.50.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $30.45 on Friday. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 3,048.05, a price-to-earnings-growth ratio of 11.29 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. 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 firm has a fifty day moving average of $26.28 and a 200-day moving average of $22.35.

Institutional Investors Weigh In On Clearwater Analytics

A number of hedge funds have recently modified their holdings of the business. Swiss National Bank boosted its stake in Clearwater Analytics by 21.4% in the 1st quarter. Swiss National Bank now owns 288,300 shares of the company’s stock worth $5,100,000 after purchasing an additional 50,800 shares during the period. Sei Investments Co. boosted its position in shares of Clearwater Analytics by 24.4% during the first quarter. Sei Investments Co. now owns 1,586,565 shares of the company’s stock worth $28,066,000 after buying an additional 311,499 shares during the period. Blair William & Co. IL grew its holdings in shares of Clearwater Analytics by 89.5% during the first quarter. Blair William & Co. IL now owns 41,756 shares of the company’s stock worth $739,000 after buying an additional 19,717 shares in the last quarter. Element Capital Management LLC acquired a new stake in Clearwater Analytics in the 1st quarter valued at approximately $3,606,000. Finally, Vanguard Group Inc. lifted its stake in Clearwater Analytics by 17.2% in the 1st quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock valued at $267,676,000 after acquiring an additional 2,219,459 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Citigroup started coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They set a “buy” rating and a $28.00 target price on the stock. Royal Bank of Canada increased their price target on shares of Clearwater Analytics from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on Clearwater Analytics from $23.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, DA Davidson cut Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $35.00 in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Hold” and an average price target of $30.67.

About Clearwater Analytics

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.