Clearwater Analytics (NYSE:CWAN) Insider Subi Sethi Sells 7,344 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) insider Subi Sethi sold 7,344 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $24.08, for a total value of $176,843.52. Following the transaction, the insider directly owned 235,260 shares in the company, valued at approximately $5,665,060.80. This represents a 3.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Subi Sethi also recently made the following trade(s):

• On Thursday, January 1st, Subi Sethi sold 25,646 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.09, for a total value of $617,812.14.

Clearwater Analytics Trading Down 0.1%

CWAN stock traded down $0.03 during midday trading on Monday, reaching $24.09. The company’s stock had a trading volume of 24,087,029 shares, compared to its average volume of 22,436,082. The business’s 50-day simple moving average is $20.99 and its 200-day simple moving average is $20.38. The stock has a market cap of $7.05 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 3.48 and a beta of 0.66. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $32.00. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The company had revenue of $205.11 million during the quarter, compared to the consensus estimate of $203.66 million. During the same quarter in the prior year, the company posted $0.14 EPS. The company’s revenue for the quarter was up 77.1% compared to the same quarter last year. As a group, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CWAN. Versant Capital Management Inc raised its holdings in shares of 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 purchasing an additional 1,024 shares during the period. First Horizon Advisors Inc. raised its stake in Clearwater Analytics by 278.9% in the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after buying an additional 1,121 shares during the period. Essex Investment Management Co. LLC lifted its position in shares of Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after buying an additional 640 shares during the last quarter. Bessemer Group Inc. boosted its stake 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 acquiring an additional 708 shares during the period. Finally, Danske Bank A S acquired a new position in shares of Clearwater Analytics during the 3rd quarter worth approximately $36,000. Institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Loop Capital cut shares of Clearwater Analytics from a “buy” rating to a “hold” rating and decreased their price objective for the company from $25.00 to $24.55 in a report on Monday, December 22nd. UBS Group cut their price objective on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Royal Bank Of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Clearwater Analytics in a report on Monday, December 22nd. Oppenheimer lowered shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Finally, William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Eight equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.65.

About Clearwater Analytics

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.