Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson Sells 3,890 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.34, for a total transaction of $121,912.60. Following the completion of the transaction, the executive now directly owns 6,373 shares in the company, valued at $199,729.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, October 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The shares were sold at an average price of $25.38, for a total transaction of $98,728.20.
• On Tuesday, September 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.75, for a total value of $92,387.50.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $30.26 on Thursday. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The company has a market cap of $7.45 billion, a P/E ratio of 3,029.03, a P/E/G ratio of 10.79 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The stock’s 50-day simple moving average is $26.15 and its 200 day simple moving average is $22.29.

Institutional Investors Weigh In On Clearwater Analytics

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its holdings in Clearwater Analytics by 268.8% during the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock worth $30,000 after buying an additional 1,234 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Clearwater Analytics in the 3rd quarter valued at about $45,000. Financial Management Professionals Inc. bought a new position in Clearwater Analytics during the third quarter worth about $58,000. Benjamin F. Edwards & Company Inc. increased its position in Clearwater Analytics by 124.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock worth $81,000 after buying an additional 2,425 shares during the last quarter. Finally, Amalgamated Bank bought a new stake in Clearwater Analytics in the second quarter valued at approximately $90,000. Institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Wells Fargo & Company increased their price objective on shares of Clearwater Analytics from $23.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Piper Sandler boosted their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $33.00 in a report on Thursday, November 7th. Finally, DA Davidson lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and lifted their target price for the company from $31.00 to $35.00 in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.67.

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.