Insider Selling: Clearwater Analytics (NYSE:CWAN) Director Sells $15,403,259.70 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Director D Scott Mackesy sold 633,879 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $24.30, for a total transaction of $15,403,259.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Clearwater Analytics Stock Down 0.0%

CWAN stock opened at $24.28 on Friday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $24.26 and a two-hundred day moving average of $23.70. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $24.43. The company has a market cap of $7.25 billion, a price-to-earnings ratio of -134.89, a PEG ratio of 3.34 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The business had revenue of $221.23 million for the quarter, compared to analysts’ expectations of $214.09 million. During the same period in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 74.4% compared to the same quarter last year. As a group, analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. DA Davidson restated a “neutral” rating and issued a $24.55 target price on shares of Clearwater Analytics in a report on Wednesday, May 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Analytics in a report on Friday, May 22nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.19.

Institutional Trading of Clearwater Analytics

Several institutional investors have recently made changes to their positions in CWAN. EverSource Wealth Advisors LLC grew its position in Clearwater Analytics by 211.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after acquiring an additional 720 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Clearwater Analytics in the fourth quarter valued at $26,000. SBI Securities Co. Ltd. raised its position in Clearwater Analytics by 627.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after purchasing an additional 1,186 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Clearwater Analytics in the 4th quarter valued at $33,000. Finally, Danske Bank A S purchased a new position in shares of Clearwater Analytics during the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

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.