Clearwater Analytics (NYSE:CWAN) CFO James Cox Sells 18,700 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 18,700 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $22.96, for a total transaction of $429,352.00. Following the sale, the chief financial officer directly owned 390,697 shares of the company’s stock, valued at $8,970,403.12. This represents a 4.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Clearwater Analytics Stock Up 0.9%

NYSE:CWAN traded up $0.21 during mid-day trading on Wednesday, reaching $23.14. The company’s stock had a trading volume of 8,515,154 shares, compared to its average volume of 14,798,736. 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 Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $32.00. The stock has a fifty day moving average of $23.62 and a 200-day moving average of $20.87. The firm has a market capitalization of $6.77 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 3.35 and a beta of 0.66.

Hedge Funds Weigh In On Clearwater Analytics

A number of large investors have recently added to or reduced their stakes in CWAN. Intech Investment Management LLC grew its holdings in shares of Clearwater Analytics by 46.4% during the second quarter. Intech Investment Management LLC now owns 157,281 shares of the company’s stock worth $3,449,000 after buying an additional 49,845 shares in the last quarter. Future Fund LLC acquired a new position in Clearwater Analytics during the second quarter worth $732,000. Hillsdale Investment Management Inc. grew its holdings in Clearwater Analytics by 28.0% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 190,950 shares of the company’s stock valued at $4,188,000 after buying an additional 41,800 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of Clearwater Analytics by 20.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company’s stock worth $8,435,000 after acquiring an additional 65,141 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Clearwater Analytics by 8.2% in the 2nd quarter. Swiss National Bank now owns 447,996 shares of the company’s stock worth $9,825,000 after acquiring an additional 33,896 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on CWAN shares. William Blair restated a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Loop Capital lowered Clearwater Analytics from a “buy” rating to a “hold” rating and reduced their price target for the stock from $25.00 to $24.55 in a research report on Monday, December 22nd. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price objective (down previously from $30.00) on shares of Clearwater Analytics in a research report on Friday, January 16th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Clearwater Analytics in a research note on Monday, December 22nd. Finally, UBS Group lowered shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and decreased their price target for the company from $30.00 to $24.55 in a research report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.21.

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.