Scott Stanley Erickson Sells 3,890 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CRO Scott Stanley Erickson sold 3,890 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $31.34, for a total value of $121,912.60. Following the transaction, the executive now directly owns 6,373 shares in the company, valued at approximately $199,729.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, October 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The stock was sold at an average price of $25.38, for a total value of $98,728.20.
• On Tuesday, September 10th, Scott Stanley Erickson sold 3,890 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.75, for a total value of $92,387.50.

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN traded up $0.42 during trading on Wednesday, hitting $30.21. 901,031 shares of the stock traded hands, compared to its average volume of 1,527,882. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average price of $26.02 and a two-hundred day moving average price of $22.23. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 2,981.98, a P/E/G ratio of 11.24 and a beta of 0.61.

Analysts Set New Price Targets

Several research firms have recently issued reports on CWAN. Citigroup initiated coverage on Clearwater Analytics in a research note on Monday, August 19th. They set a “buy” rating and a $28.00 target price on the stock. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price target for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. DA Davidson lowered Clearwater Analytics from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $31.00 to $35.00 in a report on Friday, November 8th. Finally, Oppenheimer boosted their price objective on shares of Clearwater Analytics from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.67.

Hedge Funds Weigh In On Clearwater Analytics

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. grew its holdings in Clearwater Analytics by 268.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock worth $30,000 after acquiring an additional 1,234 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Clearwater Analytics during the 3rd quarter worth approximately $45,000. Financial Management Professionals Inc. acquired a new stake in shares of Clearwater Analytics in the 3rd quarter valued at approximately $58,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Clearwater Analytics by 124.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company’s stock valued at $81,000 after buying an additional 2,425 shares in the last quarter. Finally, Amalgamated Bank acquired a new stake in Clearwater Analytics during the 2nd quarter valued at $90,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Analytics Company Profile

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.