Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Get Rating) insider Joseph Morris Kochansky sold 25,840 shares of the stock in a transaction on Friday, December 16th. The shares were sold at an average price of $18.28, for a total value of $472,355.20. Following the completion of the transaction, the insider now owns 56,431 shares of the company's stock, valued at $1,031,558.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Joseph Morris Kochansky also recently made the following trade(s):
Get Clearwater Analytics alerts:- On Wednesday, December 14th, Joseph Morris Kochansky sold 1,900 shares of Clearwater Analytics stock. The shares were sold at an average price of $18.50, for a total value of $35,150.00.
Clearwater Analytics Stock Performance
Shares of Clearwater Analytics stock opened at $18.20 on Tuesday. The company has a current ratio of 10.50, a quick ratio of 10.50 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $17.21 and a two-hundred day moving average price of $15.36. Clearwater Analytics Holdings, Inc. has a 1-year low of $11.23 and a 1-year high of $23.39. The company has a market cap of $4.34 billion, a P/E ratio of -910.00 and a beta of 0.47.
Analyst Upgrades and Downgrades
CWAN has been the subject of a number of research reports. TheStreet upgraded Clearwater Analytics from a "d" rating to a "c-" rating in a research note on Wednesday, November 23rd. Morgan Stanley raised their target price on Clearwater Analytics from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 3rd. Royal Bank of Canada raised their target price on Clearwater Analytics from $16.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, September 19th. Piper Sandler raised their target price on Clearwater Analytics from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Friday, September 9th. Finally, DA Davidson raised their target price on Clearwater Analytics from $20.00 to $22.00 in a research report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.14.Institutional Trading of Clearwater Analytics
A number of large investors have recently bought and sold shares of the business. Jeneq Management LP acquired a new stake in shares of Clearwater Analytics in the 1st quarter valued at about $517,000. Warburg Pincus LLC acquired a new stake in shares of Clearwater Analytics in the 1st quarter valued at about $697,679,000. Oppenheimer Asset Management Inc. grew its stake in shares of Clearwater Analytics by 2.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 47,435 shares of the company's stock valued at $571,000 after buying an additional 1,169 shares during the period. HM Payson & Co. grew its stake in shares of Clearwater Analytics by 25.4% in the 1st quarter. HM Payson & Co. now owns 9,784 shares of the company's stock valued at $206,000 after buying an additional 1,984 shares during the period. Finally, State of Tennessee Treasury Department grew its stake in shares of Clearwater Analytics by 29.5% in the 1st quarter. State of Tennessee Treasury Department now owns 11,500 shares of the company's stock valued at $242,000 after buying an additional 2,620 shares during the period. 37.56% of the stock is currently owned by institutional investors and hedge funds.
About Clearwater Analytics
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Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities. The company offers investment accounting and reporting, performance measurement, compliance monitoring, and risk analytics solutions.
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