James S. Cox Sells 18,700 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James S. Cox sold 18,700 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.34, for a total value of $567,358.00. Following the sale, the chief financial officer now owns 219,044 shares of the company’s stock, valued at approximately $6,645,794.96. This represents a 7.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Clearwater Analytics Price Performance

Shares of CWAN traded down $0.51 during mid-day trading on Monday, hitting $29.98. 1,786,697 shares of the company were exchanged, compared to its average volume of 1,590,554. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 3,001.00, a price-to-earnings-growth ratio of 10.89 and a beta of 0.61. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The company has a 50 day moving average of $26.53 and a 200-day moving average of $22.63. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds have recently made changes to their positions in the company. Swiss National Bank increased its position in shares of Clearwater Analytics by 21.4% during the first quarter. Swiss National Bank now owns 288,300 shares of the company’s stock worth $5,100,000 after purchasing an additional 50,800 shares in the last quarter. Blair William & Co. IL boosted its position in Clearwater Analytics by 89.5% during the first quarter. Blair William & Co. IL now owns 41,756 shares of the company’s stock worth $739,000 after acquiring an additional 19,717 shares during the last quarter. Vanguard Group Inc. grew its stake in Clearwater Analytics by 17.2% during the 1st quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company’s stock valued at $267,676,000 after acquiring an additional 2,219,459 shares in the last quarter. Thornburg Investment Management Inc. lifted its stake in Clearwater Analytics by 31.7% in the 1st quarter. Thornburg Investment Management Inc. now owns 331,285 shares of the company’s stock worth $5,860,000 after purchasing an additional 79,707 shares in the last quarter. Finally, MQS Management LLC boosted its holdings in shares of Clearwater Analytics by 17.4% during the 1st quarter. MQS Management LLC now owns 13,471 shares of the company’s stock worth $238,000 after purchasing an additional 1,995 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Morgan Stanley upped their price objective 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. Citigroup initiated coverage on Clearwater Analytics in a research report on Monday, August 19th. They issued a “buy” rating and a $28.00 target price on the stock. DA Davidson downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and boosted their price target for the company from $31.00 to $35.00 in a research note on Friday, November 8th. Oppenheimer raised their price objective on Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.