Clearwater Analytics (NYSE:CWAN) CFO James Cox Sells 18,700 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $24.14, for a total value of $451,418.00. Following the completion of the transaction, the chief financial officer owned 395,697 shares in the company, valued at $9,552,125.58. The trade was a 4.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Clearwater Analytics Trading Up 0.1%

Shares of CWAN opened at $24.30 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $32.00. The stock has a market cap of $7.11 billion, a PE ratio of 15.88, a P/E/G ratio of 3.51 and a beta of 0.66. The stock’s 50-day moving average is $22.52 and its two-hundred day moving average is $20.55.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The firm had revenue of $205.11 million during the quarter, compared to analysts’ expectations of $203.66 million. During the same quarter last year, the company posted $0.14 earnings per share. Clearwater Analytics’s revenue for the quarter was up 77.1% compared to the same quarter last year. Equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on CWAN shares. Wall Street Zen lowered Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a report on Monday, December 29th. UBS Group reduced their price objective on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. lowered their target price on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Finally, William Blair reissued a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.93.

Institutional Investors Weigh In On Clearwater Analytics

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Clearwater Analytics by 21.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after buying an additional 5,967,798 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Clearwater Analytics by 108.7% in the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock valued at $320,642,000 after acquiring an additional 9,268,950 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Clearwater Analytics by 3.0% during the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock valued at $209,813,000 after acquiring an additional 274,664 shares during the period. Bamco Inc. NY raised its holdings in Clearwater Analytics by 25.9% during the third quarter. Bamco Inc. NY now owns 7,675,038 shares of the company’s stock worth $138,304,000 after purchasing an additional 1,580,323 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in Clearwater Analytics by 83.5% in the third quarter. Blair William & Co. IL now owns 7,134,647 shares of the company’s stock worth $128,566,000 after purchasing an additional 3,245,986 shares during the period. 50.10% of the stock is currently owned by institutional investors.

About Clearwater Analytics

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.