Clearwater Analytics (NYSE:CWAN) CFO James Cox Sells 11,275 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 11,275 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $19.74, for a total transaction of $222,568.50. Following the completion of the sale, the chief financial officer directly owned 333,983 shares of the company’s stock, valued at approximately $6,592,824.42. This represents a 3.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Clearwater Analytics Stock Up 0.2%

NYSE CWAN opened at $20.74 on Thursday. The stock has a market capitalization of $6.07 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 5.48 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $32.71. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a fifty day moving average of $18.44 and a 200-day moving average of $20.54.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The company’s revenue was up 77.1% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Clearwater Analytics declared that its Board of Directors has initiated a share repurchase plan on Wednesday, September 3rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 1.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CWAN shares. DA Davidson reissued a “buy” rating and issued a $30.00 price target on shares of Clearwater Analytics in a research note on Tuesday. Wall Street Zen raised shares of Clearwater Analytics from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. lowered their target price on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company reduced their price target on shares of Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Zacks Research upgraded Clearwater Analytics from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.56.

Institutional Trading of Clearwater Analytics

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. grew its holdings in shares of Clearwater Analytics by 278.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after acquiring an additional 1,121 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Clearwater Analytics by 84.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after buying an additional 708 shares during the period. Versant Capital Management Inc raised its holdings in Clearwater Analytics by 189.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after acquiring an additional 1,024 shares during the period. Nvwm LLC acquired a new stake in Clearwater Analytics during the first quarter worth approximately $46,000. Finally, Essex Investment Management Co. LLC boosted its holdings in shares of Clearwater Analytics by 54.9% during the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after acquiring an additional 640 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

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.