Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Insider Subi Sethi Sells 62,482 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) insider Subi Sethi sold 62,482 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $1,878,833.74. Following the sale, the insider now owns 144,973 shares in the company, valued at $4,359,338.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $31.35 on Friday. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The stock’s 50 day moving average is $28.03 and its 200-day moving average is $27.11. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 7.43 and a beta of 0.72.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The firm had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Institutional Investors Weigh In On Clearwater Analytics

A number of large investors have recently added to or reduced their stakes in CWAN. Creative Planning acquired a new stake in Clearwater Analytics during the third quarter worth approximately $505,000. Raymond James & Associates raised its position in Clearwater Analytics by 1.5% during the 3rd quarter. Raymond James & Associates now owns 658,579 shares of the company’s stock worth $16,629,000 after purchasing an additional 9,976 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Clearwater Analytics during the 3rd quarter worth $45,000. Moody Aldrich Partners LLC bought a new position in shares of Clearwater Analytics in the 3rd quarter worth about $7,372,000. Finally, Zweig DiMenna Associates LLC bought a new position in shares of Clearwater Analytics in the 3rd quarter worth about $4,941,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CWAN. UBS Group upped their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley reiterated an “overweight” rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday. Wells Fargo & Company upped their target price on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Finally, Royal Bank of Canada upped their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.80.

About Clearwater Analytics

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.