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 company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $30.34, for a total transaction of $567,358.00. Following the completion of the sale, the chief financial officer now directly owns 219,044 shares in the company, valued at approximately $6,645,794.96. The trade was a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Clearwater Analytics Stock Up 2.8 %

Shares of CWAN opened at $30.82 on Wednesday. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The firm’s 50 day moving average is $26.68 and its 200-day moving average is $22.72. The stock has a market capitalization of $7.61 billion, a PE ratio of 3,082.00, a P/E/G ratio of 10.89 and a beta of 0.61.

Hedge Funds Weigh In On Clearwater Analytics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thornburg Investment Management Inc. increased its position in shares of Clearwater Analytics by 31.7% in the first 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 during the period. California State Teachers Retirement System raised its position in shares of Clearwater Analytics by 22.3% in the 1st quarter. California State Teachers Retirement System now owns 131,341 shares of the company’s stock valued at $2,323,000 after buying an additional 23,971 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Clearwater Analytics by 234.2% during the 1st quarter. Jane Street Group LLC now owns 265,818 shares of the company’s stock worth $4,702,000 after acquiring an additional 186,273 shares during the period. Seven Eight Capital LP bought a new stake in shares of Clearwater Analytics during the 2nd quarter worth approximately $1,797,000. Finally, Silvercrest Asset Management Group LLC increased its stake in Clearwater Analytics by 25.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 994,017 shares of the company’s stock valued at $17,584,000 after acquiring an additional 201,217 shares during the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $23.00 to $33.00 in a report on Thursday, November 7th. Oppenheimer raised their target price on shares of Clearwater Analytics from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of Clearwater Analytics from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, DA Davidson cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and increased their price target for the company from $31.00 to $35.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Hold” and an average price target 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.