Scott Stanley Erickson Sells 4,454 Shares of Clearwater Analytics (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 4,454 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $24.08, for a total value of $107,252.32. Following the sale, the executive owned 23,379 shares in the company, valued at approximately $562,966.32. This trade represents a 16.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Scott Stanley Erickson also recently made the following trade(s):

• On Thursday, January 1st, Scott Stanley Erickson sold 44,386 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.09, for a total transaction of $1,069,258.74.

Clearwater Analytics Trading Down 0.1%

Shares of CWAN stock traded down $0.03 during mid-day trading on Monday, hitting $24.09. 24,087,029 shares of the company’s stock were exchanged, compared to its average volume of 22,436,082. The stock has a 50-day simple moving average of $20.99 and a two-hundred day simple moving average of $20.38. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $32.00. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 3.48 and a beta of 0.66. 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 announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $205.11 million for the quarter, compared to analysts’ expectations of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The company’s revenue was up 77.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. Equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CWAN. JPMorgan Chase & Co. dropped 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 report on Thursday, November 6th. DA Davidson reissued a “buy” rating and issued a $30.00 price objective on shares of Clearwater Analytics in a research report on Wednesday, December 10th. Wells Fargo & Company cut their target price on shares of Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Clearwater Analytics in a report on Monday, December 22nd. Finally, UBS Group reduced their price objective on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Clearwater Analytics has an average rating of “Moderate Buy” and a consensus price target of $28.65.

Hedge Funds Weigh In On Clearwater Analytics

A number of institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. increased its stake in shares of Clearwater Analytics by 278.9% in the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after buying an additional 1,121 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Clearwater Analytics by 84.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after purchasing an additional 708 shares during the last quarter. Versant Capital Management Inc raised its stake 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 in the last quarter. GAMMA Investing LLC lifted its position in shares of Clearwater Analytics by 241.6% during the fourth quarter. GAMMA Investing LLC now owns 1,578 shares of the company’s stock worth $38,000 after purchasing an additional 1,116 shares during the last quarter. Finally, Essex Investment Management Co. LLC lifted its position 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 purchasing an additional 640 shares during the last quarter. 50.10% of the stock is 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.