Clearwater Analytics (NYSE:CWAN) CFO Sells $436,271.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 18,700 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $23.33, for a total value of $436,271.00. Following the completion of the transaction, the chief financial officer directly owned 469,114 shares in the company, valued at approximately $10,944,429.62. This represents a 3.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Clearwater Analytics Stock Up 0.3%

CWAN opened at $23.37 on Friday. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $27.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market capitalization of $6.90 billion, a P/E ratio of -166.88, a P/E/G ratio of 3.24 and a beta of 0.67. The stock has a fifty day moving average of $23.66 and a 200-day moving average of $21.39.

Institutional Investors Weigh In On Clearwater Analytics

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position 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 buying an additional 5,967,798 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Clearwater Analytics by 108.7% during the 3rd quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock worth $320,642,000 after acquiring an additional 9,268,950 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Clearwater Analytics by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,715,837 shares of the company’s stock worth $330,827,000 after acquiring an additional 1,459,150 shares in the last quarter. Starboard Value LP bought a new position in Clearwater Analytics in the fourth quarter valued at approximately $240,212,000. Finally, Wasatch Advisors LP increased its stake in Clearwater Analytics by 3.0% in the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock valued at $209,813,000 after acquiring an additional 274,664 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on CWAN shares. Weiss Ratings cut shares of Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. William Blair restated a “market perform” rating on shares of Clearwater Analytics in a research report on Monday, December 22nd. Warburg Research set a $24.55 target price on shares of Clearwater Analytics in a report on Monday, December 22nd. Loop Capital downgraded shares of Clearwater Analytics from a “buy” rating to a “hold” rating and dropped their price target for the company from $25.00 to $24.55 in a research report on Monday, December 22nd. Finally, Oppenheimer cut Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.17.

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.