Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson Sells 3,890 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $29.07, for a total value of $113,082.30. Following the completion of the transaction, the executive now directly owns 6,373 shares in the company, valued at approximately $185,263.11. This represents a 37.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, November 11th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The stock was sold at an average price of $31.34, for a total value of $121,912.60.
• On Thursday, October 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The shares were sold at an average price of $25.38, for a total value of $98,728.20.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $29.55 on Friday. The company has a market capitalization of $7.30 billion, a P/E ratio of 2,954.50, a P/E/G ratio of 10.57 and a beta of 0.69. The business’s 50-day moving average is $28.69 and its 200 day moving average is $24.15. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new stake in Clearwater Analytics in the third quarter worth $45,000. Financial Management Professionals Inc. bought a new stake in shares of Clearwater Analytics in the 3rd quarter worth about $58,000. Advisors Asset Management Inc. raised its position in shares of Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after buying an additional 995 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Clearwater Analytics by 124.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock valued at $81,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in Clearwater Analytics in the third quarter worth about $117,000. 50.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wells Fargo & Company upped their price target on shares of Clearwater Analytics from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Oppenheimer upped their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group raised their price target on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. DA Davidson lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $31.00 to $35.00 in a research note on Friday, November 8th. Finally, Citigroup started coverage on Clearwater Analytics in a research report on Monday, August 19th. They set a “buy” rating and a $28.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Clearwater Analytics presently has a consensus rating of “Hold” and a consensus target price of $31.89.

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.