Insider Selling: Clearwater Analytics (NYSE:CWAN) CFO Sells $450,109.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 18,700 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $24.07, for a total value of $450,109.00. Following the completion of the transaction, the chief financial officer directly owned 480,419 shares in the company, valued at approximately $11,563,685.33. This represents a 3.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $24.10 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market cap of $7.12 billion, a P/E ratio of -172.13, a P/E/G ratio of 3.35 and a beta of 0.64. The business’s fifty day moving average is $23.54 and its two-hundred day moving average is $22.06. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $25.07.

Institutional Investors Weigh In On Clearwater Analytics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. increased its holdings in Clearwater Analytics by 28.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 44,848 shares of the company’s stock valued at $1,082,000 after purchasing an additional 9,890 shares during the last quarter. Larry Mathis Financial Planning LLC bought a new stake in Clearwater Analytics in the fourth quarter valued at about $228,000. Ovata Capital Management Ltd bought a new stake in shares of Clearwater Analytics in the fourth quarter worth about $6,811,000. Alberta Investment Management Corp bought a new stake in shares of Clearwater Analytics in the fourth quarter worth about $13,850,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Clearwater Analytics in the fourth quarter worth about $400,000. Institutional investors own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

CWAN has been the subject of a number of recent research reports. DA Davidson restated a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research report on Thursday, February 19th. UBS Group downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $30.00 to $24.55 in a research report on Monday, January 26th. Oppenheimer downgraded Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Loop Capital downgraded Clearwater Analytics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $25.00 to $24.55 in a research report on Monday, December 22nd. Finally, Warburg Research set a $24.55 target price on Clearwater Analytics in a research report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Clearwater Analytics currently has a consensus rating of “Hold” and a consensus price target of $26.17.

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.