Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Sells $98,728.20 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 3,890 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $25.38, for a total value of $98,728.20. Following the transaction, the executive now directly owns 6,373 shares in the company, valued at $161,746.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, September 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The stock was sold at an average price of $23.75, for a total value of $92,387.50.
• On Tuesday, July 16th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The stock was sold at an average price of $19.50, for a total value of $75,855.00.

Clearwater Analytics Trading Up 0.9 %

Shares of Clearwater Analytics stock opened at $25.78 on Monday. The stock has a fifty day moving average price of $24.36 and a 200-day moving average price of $20.56. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $26.02. The firm has a market cap of $6.35 billion, a PE ratio of -1,289.00, a P/E/G ratio of 9.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.78 and a quick ratio of 4.78.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. The company had revenue of $106.79 million during the quarter, compared to analyst estimates of $105.51 million. During the same quarter last year, the firm posted ($0.03) EPS. The firm’s revenue for the quarter was up 18.8% on a year-over-year basis. Equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.14 EPS for the current year.

Institutional Investors Weigh In On Clearwater Analytics

Several large investors have recently added to or reduced their stakes in CWAN. Wasatch Advisors LP increased its holdings in Clearwater Analytics by 35.6% in the 1st quarter. Wasatch Advisors LP now owns 16,391,308 shares of the company’s stock worth $289,962,000 after acquiring an additional 4,304,286 shares during the last quarter. Vanguard Group Inc. boosted its stake in Clearwater Analytics by 36.6% in the 4th quarter. Vanguard Group Inc. now owns 12,912,046 shares of the company’s stock worth $258,628,000 after purchasing an additional 3,461,158 shares during the period. William Blair Investment Management LLC boosted its stake in Clearwater Analytics by 42.5% in the 1st quarter. William Blair Investment Management LLC now owns 10,364,266 shares of the company’s stock worth $183,344,000 after purchasing an additional 3,090,352 shares during the period. Hood River Capital Management LLC bought a new position in Clearwater Analytics in the 2nd quarter worth about $43,280,000. Finally, Bamco Inc. NY boosted its stake in Clearwater Analytics by 30.8% in the 1st quarter. Bamco Inc. NY now owns 5,359,172 shares of the company’s stock worth $94,804,000 after purchasing an additional 1,262,150 shares during the period. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on Clearwater Analytics from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Oppenheimer upped their price target on Clearwater Analytics from $25.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Citigroup began coverage on Clearwater Analytics in a report on Monday, August 19th. They set a “buy” rating and a $28.00 price target for the company. Piper Sandler reiterated a “neutral” rating and set a $23.00 price target on shares of Clearwater Analytics in a report on Monday, September 9th. Finally, Wells Fargo & Company upped their price target on Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and an average target price of $24.44.

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.