Scott Stanley Erickson Sells 44,386 Shares of Clearwater Analytics (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 44,386 shares of Clearwater Analytics stock in a transaction that occurred on Thursday, January 1st. The stock was sold at an average price of $24.09, for a total value of $1,069,258.74. Following the transaction, the executive owned 72,917 shares of the company’s stock, valued at $1,756,570.53. This represents a 37.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Scott Stanley Erickson also recently made the following trade(s):

• On Wednesday, December 31st, Scott Stanley Erickson sold 4,454 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.08, for a total value of $107,252.32.

Clearwater Analytics Price Performance

Clearwater Analytics stock traded down $0.03 during mid-day trading on Monday, hitting $24.09. 24,087,029 shares of the company were exchanged, compared to its average volume of 22,436,082. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $32.00. The company has a market capitalization of $7.05 billion, a P/E ratio of 15.74, a PEG ratio of 3.48 and a beta of 0.66. The business’s 50 day simple moving average is $20.99 and its two-hundred day simple moving average is $20.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The company had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. During the same period in the previous year, the business earned $0.14 EPS. The firm’s revenue was up 77.1% on a year-over-year basis. Analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Trading of Clearwater Analytics

Several large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its stake in shares of Clearwater Analytics by 189.3% during the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after purchasing an additional 1,024 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Clearwater Analytics by 278.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after buying an additional 1,121 shares during the period. Essex Investment Management Co. LLC raised its holdings in shares of Clearwater Analytics by 54.9% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after buying an additional 640 shares during the period. Bessemer Group Inc. lifted its position in Clearwater Analytics by 84.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after acquiring an additional 708 shares in the last quarter. Finally, Danske Bank A S purchased a new position in Clearwater Analytics in the 3rd quarter worth approximately $36,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CWAN has been the subject of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Clearwater Analytics in a report on Monday, December 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $27.00 target price on shares of Clearwater Analytics in a research note on Monday, November 24th. Wall Street Zen downgraded Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. UBS Group lowered their price target on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, William Blair reissued a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $28.65.

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.