Insider Selling: Clearwater Analytics (NYSE:CWAN) CFO Sells $222,568.50 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CFO James Cox sold 11,275 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $19.74, for a total value of $222,568.50. Following the completion of the sale, the chief financial officer directly owned 333,983 shares in the company, valued at approximately $6,592,824.42. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Clearwater Analytics Trading Down 0.4%

Shares of NYSE CWAN traded down $0.09 on Wednesday, reaching $20.74. 7,520,150 shares of the company traded hands, compared to its average volume of 3,908,090. The stock has a market capitalization of $6.07 billion, a PE ratio of 13.56, a P/E/G ratio of 5.26 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $32.71. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $18.42 and a 200 day moving average of $20.54.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $205.11 million during the quarter, compared to analysts’ expectations of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. Clearwater Analytics’s revenue for the quarter was up 77.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Clearwater Analytics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Clearwater Analytics announced that its board has approved a share repurchase program on Wednesday, September 3rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 1.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Clearwater Analytics in a report on Wednesday, September 17th. Wells Fargo & Company reduced their price objective on Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. DA Davidson reiterated a “buy” rating and set a $30.00 target price on shares of Clearwater Analytics in a report on Tuesday. Wall Street Zen upgraded shares of Clearwater Analytics from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.56.

Institutional Investors Weigh In On Clearwater Analytics

Hedge funds have recently modified their holdings of the stock. Danske Bank A S acquired a new position in Clearwater Analytics during the 3rd quarter worth approximately $36,000. Morningstar Investment Management LLC purchased a new stake in shares of Clearwater Analytics during the third quarter valued at approximately $965,000. Woodline Partners LP lifted its position in shares of Clearwater Analytics by 35.4% during the third quarter. Woodline Partners LP now owns 26,940 shares of the company’s stock worth $485,000 after purchasing an additional 7,048 shares in the last quarter. Sender Co & Partners Inc. purchased a new position in shares of Clearwater Analytics in the third quarter valued at $389,000. Finally, Dark Forest Capital Management LP boosted its stake in shares of Clearwater Analytics by 141.2% in the third quarter. Dark Forest Capital Management LP now owns 116,386 shares of the company’s stock valued at $2,097,000 after purchasing an additional 68,128 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

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.