Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Insider Sells $259,643.40 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) insider Subi Sethi sold 13,460 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $19.29, for a total transaction of $259,643.40. Following the transaction, the insider now owns 1,005 shares of the company’s stock, valued at $19,386.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Subi Sethi also recently made the following trade(s):

• On Wednesday, September 6th, Subi Sethi sold 13,418 shares of Clearwater Analytics stock. The shares were sold at an average price of $19.05, for a total value of $255,612.90.
• On Wednesday, August 30th, Subi Sethi sold 9,406 shares of Clearwater Analytics stock. The shares were sold at an average price of $18.21, for a total value of $171,283.26.

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock traded down $0.16 during mid-day trading on Tuesday, reaching $19.24. 258,748 shares of the stock traded hands, compared to its average volume of 624,425. The stock has a market capitalization of $4.65 billion, a PE ratio of -176.36 and a beta of 0.44. The business has a 50-day moving average of $17.52 and a 200 day moving average of $16.28. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $13.02 and a fifty-two week high of $20.00. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 0.13.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). Clearwater Analytics had a positive return on equity of 0.24% and a negative net margin of 6.35%. The firm had revenue of $89.88 million during the quarter, compared to the consensus estimate of $87.59 million. On average, analysts predict that Clearwater Analytics Holdings, Inc. will post -0.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CWAN shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Clearwater Analytics in a research note on Friday, September 8th. Credit Suisse Group raised their price target on shares of Clearwater Analytics from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. The Goldman Sachs Group upped their price objective on shares of Clearwater Analytics from $14.00 to $16.00 and gave the stock a “sell” rating in a research report on Thursday, August 3rd. Wells Fargo & Company raised their target price on Clearwater Analytics from $19.00 to $22.00 in a research report on Friday, September 8th. Finally, Morgan Stanley lifted their price target on Clearwater Analytics from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.75.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its stake in shares of Clearwater Analytics by 1,153.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,610,888 shares of the company’s stock valued at $73,175,000 after buying an additional 4,242,921 shares during the period. Conestoga Capital Advisors LLC raised its holdings in shares of Clearwater Analytics by 70.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 6,220,071 shares of the company’s stock valued at $99,272,000 after buying an additional 2,581,501 shares during the period. Morgan Stanley lifted its stake in Clearwater Analytics by 256.9% during the 4th quarter. Morgan Stanley now owns 2,524,281 shares of the company’s stock worth $47,330,000 after acquiring an additional 1,816,916 shares in the last quarter. Artisan Partners Limited Partnership grew its position in Clearwater Analytics by 178.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 2,805,004 shares of the company’s stock valued at $44,768,000 after acquiring an additional 1,799,271 shares in the last quarter. Finally, Capital World Investors purchased a new stake in Clearwater Analytics during the second quarter worth about $23,627,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

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.