Clearwater Analytics Holdings Inc’s filing revealed that its Director WARBURG PINCUS LLC unloaded Company’s shares for reported $137.97 million on Jun 12 ’24. In the deal valued at $19.71 per share,7,000,000 shares were sold. As a result of this transaction, WARBURG PINCUS LLC now holds 0 shares worth roughly $0.0.
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Then, WARBURG PINCUS LLC sold 7,000,000 shares, generating $137,970,000 in total proceeds. Upon selling the shares at $19.71, the Director now owns 0 shares.
Before that, Galibier Purchaser, LLC sold 4,917,765 shares. Clearwater Analytics Holdings Inc shares valued at $96,929,148 were divested by the Director at a price of $19.71 per share. As a result of the transaction, Galibier Purchaser, LLC now holds 0 shares, worth roughly $0.0.
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 jump 0.57% to $19.29. Over the last five days, the stock has lost -4.08%. Clearwater Analytics Holdings Inc shares have fallen nearly -3.69% since the year began. Nevertheless, the stocks have risen 17.98% over the past one year. While a 52-week high of $21.89 was reached on 06/06/24, a 52-week low of $15.28 was recorded on 05/01/24. SMA at 50 days reached $17.98, while 200 days put it at $18.82. A total of 0.91 million shares were traded, compared to the trading of 1.01 million shares in the previous session.
Levels Of Support And Resistance For CWAN Stock
The 24-hour chart illustrates a support level at 19.08, which if violated will result in even more drops to 18.88. On the upside, there is a resistance level at 19.46. A further resistance level may holdings at 19.64. The Relative Strength Index (RSI) on the 14-day chart is 54.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.50%. Stochastics %K at 48.73% indicates the stock is a holding.
