Clearwater Analytics (NYSE:CWAN) Director D Scott Mackesy Sells 633,879 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Director D Scott Mackesy sold 633,879 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $24.30, for a total value of $15,403,259.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Clearwater Analytics Stock Up 0.0%

CWAN opened at $24.26 on Thursday. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $24.43. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. The stock has a market cap of $7.24 billion, a P/E ratio of -134.74, a P/E/G ratio of 3.33 and a beta of 0.60. The stock’s 50 day moving average price is $24.25 and its 200 day moving average price is $23.68.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $221.23 million for the quarter, compared to analysts’ expectations of $214.09 million. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The firm’s revenue was up 74.4% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS. As a group, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current year.

Institutional Trading of Clearwater Analytics

Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in Clearwater Analytics by 211.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after buying an additional 720 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Clearwater Analytics during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. raised its holdings in Clearwater Analytics by 627.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after buying an additional 1,186 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Clearwater Analytics during the fourth quarter valued at about $33,000. Finally, Danske Bank A S bought a new position in Clearwater Analytics during the third quarter valued at about $36,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CWAN has been the subject of a number of research reports. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.19.

About Clearwater Analytics

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.