Scott Stanley Erickson Sells 76,256 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 76,256 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $2,293,017.92. Following the sale, the executive now directly owns 78,363 shares of the company’s stock, valued at approximately $2,356,375.41. This represents a 49.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, December 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The stock was sold at an average price of $29.07, for a total transaction of $113,082.30.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $31.35 on Friday. The company has a 50-day moving average of $28.03 and a 200-day moving average of $27.14. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 8.23 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

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

Analyst Upgrades and Downgrades

CWAN has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Royal Bank of Canada upped their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company increased their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price target for the company from $23.00 to $33.00 in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.80.

Hedge Funds Weigh In On Clearwater Analytics

A number of hedge funds and other institutional investors have recently made changes to their positions in CWAN. Creative Planning bought a new position in shares of Clearwater Analytics during the 3rd quarter worth about $505,000. Raymond James & Associates increased its position in shares of 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 in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Clearwater Analytics during the 3rd quarter worth about $45,000. Moody Aldrich Partners LLC acquired a new stake in shares of Clearwater Analytics during the 3rd quarter worth about $7,372,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of Clearwater Analytics during the 3rd quarter worth about $4,941,000. 50.10% of the stock is owned by institutional investors.

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.