Clearwater Analytics (NYSE:CWAN) Stock Price Up 1.2%

Clearwater Analytics Holdings, Inc. (NYSE:CWAN)’s share price shot up 1.2% during mid-day trading on Friday . The company traded as high as $16.49 and last traded at $16.48. 582,618 shares were traded during trading, a decline of 53% from the average session volume of 1,235,642 shares. The stock had previously closed at $16.29.

Analysts Set New Price Targets

A number of brokerages have issued reports on CWAN. DA Davidson reissued a “buy” rating and set a $24.00 price objective on shares of Clearwater Analytics in a research report on Monday, February 5th. Piper Sandler reissued a “neutral” rating and set a $20.00 price objective on shares of Clearwater Analytics in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. downgraded shares of Clearwater Analytics from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $24.00 to $22.00 in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Clearwater Analytics currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Clearwater Analytics Stock Up 0.9 %

The stock’s 50-day moving average price is $17.91 and its two-hundred day moving average price is $19.02. The stock has a market capitalization of $4.02 billion, a PE ratio of -149.45, a P/E/G ratio of 6.46 and a beta of 0.45. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.15 and a current ratio of 5.15.

Insider Transactions at Clearwater Analytics

In other news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $16.90, for a total value of $274,625,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $16.90, for a total value of $274,625,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $19.95, for a total transaction of $997,500.00. Following the completion of the transaction, the chief executive officer now owns 270,490 shares in the company, valued at approximately $5,396,275.50. The disclosure for this sale can be found here. Insiders have sold 16,370,000 shares of company stock valued at $277,006,400 in the last three months. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Clearwater Analytics

A number of hedge funds have recently bought and sold shares of CWAN. NBC Securities Inc. lifted its stake in Clearwater Analytics by 53.0% during the 1st quarter. NBC Securities Inc. now owns 35,065 shares of the company’s stock valued at $621,000 after acquiring an additional 12,146 shares during the period. Kapitalo Investimentos Ltda bought a new position in Clearwater Analytics during the 4th quarter valued at about $211,000. Quadrature Capital Ltd lifted its stake in Clearwater Analytics by 73.7% during the 4th quarter. Quadrature Capital Ltd now owns 169,619 shares of the company’s stock valued at $3,397,000 after acquiring an additional 71,964 shares during the period. HBK Investments L P bought a new position in Clearwater Analytics during the 4th quarter valued at about $8,012,000. Finally, Vanguard Group Inc. lifted its stake in Clearwater Analytics by 36.6% during the 4th quarter. Vanguard Group Inc. now owns 12,912,046 shares of the company’s stock valued at $258,628,000 after acquiring an additional 3,461,158 shares during the period. 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.