Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CFO James Cox sold 18,700 shares of the company's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $23.33, for a total value of $436,271.00. Following the completion of the sale, the chief financial officer owned 469,114 shares of the company's stock, valued at $10,944,429.62. This represents a 3.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Clearwater Analytics Stock Performance
CWAN stock opened at $23.39 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $6.91 billion, a P/E ratio of -167.02, a PEG ratio of 3.25 and a beta of 0.67. The business has a 50-day moving average price of $23.69 and a 200 day moving average price of $21.37. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $27.76.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in CWAN. AQR Capital Management LLC boosted its holdings in Clearwater Analytics by 1,027.1% in the first quarter. AQR Capital Management LLC now owns 132,828 shares of the company's stock worth $3,560,000 after acquiring an additional 121,043 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Clearwater Analytics during the first quarter worth $208,000. Woodline Partners LP grew its holdings in shares of Clearwater Analytics by 75.2% during the first quarter. Woodline Partners LP now owns 20,066 shares of the company's stock valued at $538,000 after buying an additional 8,613 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Clearwater Analytics by 1.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company's stock valued at $12,309,000 after buying an additional 6,826 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Clearwater Analytics by 24.9% in the 2nd quarter. ProShare Advisors LLC now owns 50,574 shares of the company's stock valued at $1,109,000 after acquiring an additional 10,082 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Morgan Stanley reaffirmed an "equal weight" rating and set a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. Wells Fargo & Company downgraded Clearwater Analytics from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $27.00 to $24.55 in a research report on Thursday, January 8th. Loop Capital lowered Clearwater Analytics from a "buy" rating to a "hold" rating and cut their target price for the company from $25.00 to $24.55 in a research note on Monday, December 22nd. William Blair reiterated a "market perform" rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Finally, Warburg Research set a $24.55 price target on shares of Clearwater Analytics in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $26.17.
Read Our Latest Stock Report on CWAN
Clearwater Analytics Company Profile
(
Get Free Report)
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.
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