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 business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $2,310,699.08. Following the sale, the chief technology officer now directly owns 68,902 shares in the company, valued at $2,071,883.14. This trade represents a 52.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Clearwater Analytics Trading Up 4.7 %

Shares of Clearwater Analytics stock opened at $31.35 on Monday. The firm has a 50-day simple moving average of $28.03 and a two-hundred day simple moving average of $27.18. The company has a market cap of $7.74 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 8.23 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two 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 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). The firm had revenue of $126.47 million during the quarter, compared to analyst estimates 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 analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Clearwater Analytics

Institutional investors and hedge funds have recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Clearwater Analytics during the third quarter worth about $3,677,000. Loomis Sayles & Co. L P increased its stake in shares of Clearwater Analytics by 11.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock worth $83,186,000 after purchasing an additional 327,880 shares in the last quarter. Swiss National Bank increased its stake in shares of Clearwater Analytics by 8.5% during the third quarter. Swiss National Bank now owns 312,900 shares of the company’s stock worth $7,901,000 after purchasing an additional 24,600 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Clearwater Analytics by 189.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock worth $34,926,000 after purchasing an additional 830,684 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Clearwater Analytics during the third quarter worth about $523,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

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.