Clearwater Analytics (NYSE:CWAN) CFO James Cox Sells 5,859 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 5,859 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $24.08, for a total transaction of $141,084.72. Following the completion of the sale, the chief financial officer directly owned 334,061 shares in the company, valued at approximately $8,044,188.88. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Clearwater Analytics Stock Performance

Shares of CWAN traded down $0.03 during mid-day trading on Monday, reaching $24.09. The company had a trading volume of 24,087,029 shares, compared to its average volume of 22,436,082. The stock has a 50 day moving average of $20.99 and a two-hundred day moving average of $20.38. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $7.05 billion, a P/E ratio of 15.74, a PEG 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.

Clearwater Analytics (NYSE:CWAN) last issued 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). The firm had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.Clearwater Analytics’s revenue for the quarter was up 77.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. On average, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Clearwater Analytics

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Intech Investment Management LLC grew its position in shares of Clearwater Analytics by 46.4% in the second quarter. Intech Investment Management LLC now owns 157,281 shares of the company’s stock valued at $3,449,000 after purchasing an additional 49,845 shares in the last quarter. Future Fund LLC purchased a new position in Clearwater Analytics during the second quarter worth about $732,000. Hillsdale Investment Management Inc. boosted 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 purchasing an additional 41,800 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Clearwater Analytics by 20.4% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company’s stock worth $8,435,000 after buying an additional 65,141 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Clearwater Analytics by 8.2% during the 2nd quarter. Swiss National Bank now owns 447,996 shares of the company’s stock valued at $9,825,000 after buying an additional 33,896 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CWAN has been the topic of a number of analyst reports. Wells Fargo & Company dropped their target price on Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $27.00 target price on shares of Clearwater Analytics in a research note on Monday, November 24th. UBS Group reduced their price objective on shares of Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.