Gayatri Raman Sells 13,114 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Get Rating) insider Gayatri Raman sold 13,114 shares of the business’s stock in a transaction that occurred on Sunday, January 1st. The shares were sold at an average price of $18.34, for a total value of $240,510.76. Following the sale, the insider now owns 14,169 shares of the company’s stock, valued at approximately $259,859.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Gayatri Raman also recently made the following trade(s):

• On Monday, November 21st, Gayatri Raman sold 3,532 shares of Clearwater Analytics stock. The shares were sold at an average price of $18.22, for a total value of $64,353.04.

Clearwater Analytics Stock Down 1.7 %

Shares of NYSE:CWAN opened at $18.29 on Thursday. The company has a market capitalization of $4.36 billion, a PE ratio of -914.50, a price-to-earnings-growth ratio of 15.63 and a beta of 0.43. The company has a debt-to-equity ratio of 0.16, a current ratio of 10.50 and a quick ratio of 10.50. The business has a fifty day moving average price of $17.92 and a two-hundred day moving average price of $15.78. Clearwater Analytics Holdings, Inc. has a 1 year low of $11.23 and a 1 year high of $22.70.

Wall Street Analyst Weigh In

CWAN has been the subject of several recent research reports. Royal Bank of Canada boosted their price objective on Clearwater Analytics from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, September 19th. Piper Sandler boosted their price objective on Clearwater Analytics from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, September 9th. TheStreet upgraded Clearwater Analytics from a “d” rating to a “c-” rating in a report on Wednesday, November 23rd. Credit Suisse Group upped their price target on Clearwater Analytics from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, September 30th. Finally, DA Davidson upped their price target on Clearwater Analytics from $20.00 to $22.00 in a report on Monday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.14.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its stake in 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 purchasing an additional 1,169 shares during the period. Warburg Pincus LLC bought a new position in Clearwater Analytics in the 1st quarter valued at $697,679,000. State of Tennessee Treasury Department grew its stake in 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 purchasing an additional 2,620 shares during the period. JPMorgan Chase & Co. grew its stake in Clearwater Analytics by 15.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,086,124 shares of the company’s stock valued at $49,198,000 after purchasing an additional 540,858 shares during the period. Finally, US Bancorp DE bought a new position in Clearwater Analytics in the 2nd quarter valued at $29,000. Institutional investors own 39.07% of the company’s stock.

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.