Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Sells $2,310,699.08 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 76,844 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $2,310,699.08. Following the transaction, the chief technology officer now directly owns 68,902 shares of the company’s stock, valued at $2,071,883.14. This represents a 52.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clearwater Analytics Trading Up 4.7 %

Shares of CWAN opened at $31.35 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The firm has a 50 day simple moving average of $28.03 and a 200-day simple moving average of $27.14. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 8.23 and a beta of 0.72.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.47 million for the quarter, compared to analysts’ expectations of $120.34 million. Equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CWAN. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price target for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Wells Fargo & Company increased their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group increased their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank of Canada increased their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.80.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CWAN. GAMMA Investing LLC increased its stake in shares of Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Clearwater Analytics in the 3rd quarter worth approximately $45,000. Arcadia Investment Management Corp MI purchased a new stake in Clearwater Analytics in the 4th quarter worth approximately $57,000. Financial Management Professionals Inc. purchased a new stake in Clearwater Analytics in the 3rd quarter worth approximately $58,000. Finally, R Squared Ltd purchased a new stake in Clearwater Analytics in the 4th quarter worth approximately $80,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Company Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.