In a filing, Clearwater Analytics Holdings Inc revealed its 10% Owner WCAS XII CARBON ANALYTICS ACQU unloaded Company’s shares for reported $274.62 million on Mar 11 ’24. In the deal valued at $16.90 per share,16,250,000 shares were sold. As a result of this transaction, WCAS XII CARBON ANALYTICS ACQU now holds 0 shares worth roughly $0.0.
Then, WCAS XII CARBON ANALYTICS ACQU sold 16,250,000 shares, generating $274,625,000 in total proceeds. Upon selling the shares at $16.90, the 10% Owner now owns 0 shares.
Before that, Sahai Sandeep sold 50,000 shares. Clearwater Analytics Holdings Inc shares valued at $986,940 were divested by the Chief Executive Officer at a price of $19.74 per share. As a result of the transaction, Sahai Sandeep now holds 270,838 shares, worth roughly $4.63 million.
JP Morgan downgraded its Clearwater Analytics Holdings Inc [CWAN] rating to a Neutral from a an Overweight in a research note published on February 29, 2024; the price target was decreased to $22 from $24. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. Loop Capital also remained covering CWAN and has increased its forecast on September 25, 2023 with a “Buy” recommendation from previously “Hold” rating. MoffettNathanson started covering the stock on April 10, 2023. It rated CWAN as “an Outperform”.
Price Performance Review of CWAN
On Friday, Clearwater Analytics Holdings Inc [NYSE:CWAN] saw its stock fall -0.12% to $17.10. Over the last five days, the stock has lost -3.34%. Clearwater Analytics Holdings Inc shares have fallen nearly -14.63% since the year began. Nevertheless, the stocks have risen 8.43% over the past one year. While a 52-week high of $21.89 was reached on 02/26/24, a 52-week low of $13.02 was recorded on 03/15/24. SMA at 50 days reached $18.18, while 200 days put it at $18.49. A total of 0.68 million shares were traded, compared to the trading of 0.88 million shares in the previous session.
Levels Of Support And Resistance For CWAN Stock
The 24-hour chart illustrates a support level at 16.98, which if violated will result in even more drops to 16.85. On the upside, there is a resistance level at 17.23. A further resistance level may holdings at 17.35. The Relative Strength Index (RSI) on the 14-day chart is 43.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.34%. Stochastics %K at 55.53% indicates the stock is a holding.
How much short interest is there in Clearwater Analytics Holdings Inc?
A steep rise in short interest was recorded in Clearwater Analytics Holdings Inc stocks on Mar 15, 2024, growing by 0.74 million shares to a total of 5.69 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.95 million shares. There was a rise of 13.01%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.74% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.57.
