Clearwater Analytics (NYSE:CWAN) Director Sells $15,403,259.70 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Director D Scott Mackesy sold 633,879 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $24.30, for a total transaction of $15,403,259.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN traded up $0.01 on Wednesday, hitting $24.26. The company had a trading volume of 7,653,626 shares, compared to its average volume of 7,157,574. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $24.43. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of -134.74, a P/E/G ratio of 3.33 and a beta of 0.60. The stock has a 50 day moving average price of $24.25 and a 200 day moving average price of $23.66. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The company had revenue of $221.23 million for the quarter, compared to the consensus estimate of $214.09 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm’s revenue for the quarter was up 74.4% on a year-over-year basis. Analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CWAN. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. DA Davidson restated a “neutral” rating and issued a $24.55 price target on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Clearwater Analytics presently has an average rating of “Hold” and an average target price of $25.19.

Institutional Investors Weigh In On Clearwater Analytics

A number of large investors have recently bought and sold shares of the company. Gabelli Funds LLC acquired a new stake in shares of Clearwater Analytics in the 4th quarter valued at $7,916,000. Vanguard Group Inc. boosted its holdings in shares of Clearwater Analytics by 21.9% in the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after purchasing an additional 5,967,798 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of Clearwater Analytics by 18.6% in the 4th quarter. Stephens Investment Management Group LLC now owns 3,531,792 shares of the company’s stock valued at $85,187,000 after purchasing an additional 553,218 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Clearwater Analytics during the fourth quarter worth about $6,459,000. Finally, Peregrine Capital Management LLC raised its stake in Clearwater Analytics by 7.4% during the fourth quarter. Peregrine Capital Management LLC now owns 607,253 shares of the company’s stock worth $14,647,000 after acquiring an additional 41,975 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Analytics Company Profile

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.