The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Clearwater Analytics Holdings Inc shares valued at $274,625,000 were sold by WCAS XII CARBON ANALYTICS ACQU on Mar 11 ’24. At $16.90 per share, WCAS XII CARBON ANALYTICS ACQU sold 16,250,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, WCAS XII CARBON ANALYTICS ACQU sold 16,250,000 shares, netting a total of over 274,625,000 in proceeds. Following the sale of shares at $16.90 each, the insider now holds 0 shares.
Before that, Sahai Sandeep had sold 50,000 shares from its account. In a trade valued at $986,940, the Chief Executive Officer traded Clearwater Analytics Holdings Inc shares for $19.74 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $4.44 million.
As published in a research note from JP Morgan on February 29, 2024, Clearwater Analytics Holdings Inc [CWAN] has been rated down from an Overweight to a Neutral and the price target has been revised to $22 from $24. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in early November. As of September 25, 2023, Loop Capital has increased its “Hold” rating to a “Buy” for CWAN. Earlier on April 10, 2023, MoffettNathanson initiated its rating. Their recommendation was “an Outperform” for CWAN stock.
Analyzing CWAN Stock Performance
During the last five days, there has been a drop of approximately -4.55%. Over the course of the year, Clearwater Analytics Holdings Inc shares have dropped approximately -18.22%. Shares of the company reached a 52-week high of $20.33 on 02/26/24 and a 52-week low of $16.10 on 03/15/24. A 50-day SMA is recorded $18.04, while a 200-day SMA reached $18.50. Nevertheless, trading volume fell to 1.1 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Clearwater Analytics Holdings Inc (CWAN)
According to the 24-hour chart, there is a support level at 16.19, which, if violated, would cause prices to drop to 15.99. In the upper region, resistance lies at 16.64. The next price resistance is at 16.89. RSI (Relative Strength Index) is 33.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 91.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Clearwater Analytics Holdings Inc subject to short interest?
Stocks of Clearwater Analytics Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.74 million shares to 5.69 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.95 million shares. A jump of 13.01% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.57 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.57.
