Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Clearwater Analytics Holdings Inc shares valued at $75,855 were sold by Erickson Scott Stanley on Jul 16 ’24. At $19.50 per share, Erickson Scott Stanley sold 3,890 shares. The insider’s holdings dropped to 4,844 shares worth approximately $97703.48000000001 following the completion of this transaction.
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Also, Das Souvik sold 25,000 shares, netting a total of over 473,018 in proceeds. Following the sale of shares at $18.92 each, the insider now holds 10,453 shares.
Before that, Cox James S had sold 11,275 shares from its account. In a trade valued at $213,361, the Chief Financial Officer traded Clearwater Analytics Holdings Inc shares for $18.92 each. Upon closing the transaction, the insider’s holdings decreased to 11,275 shares, worth approximately $4.69 million.
As published in a research note from Oppenheimer on July 08, 2024, Clearwater Analytics Holdings Inc [CWAN] has been rated up from a Perform to an Outperform and the price target has been revised to $25. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of November 07, 2023, UBS has initiated its “Buy” rating for CWAN. Earlier on September 25, 2023, Loop Capital upgraded its rating. Their new recommendation was “a Buy” for CWAN stock which previously was a “a Hold”.
Analyzing CWAN Stock Performance
During the last five days, there has been a surge of approximately 1.31%. Over the course of the year, Clearwater Analytics Holdings Inc shares have jumped approximately 0.70%. Shares of the company reached a 52-week high of $20.69 on 07/25/24 and a 52-week low of $15.62 on 05/01/24. A 50-day SMA is recorded $19.18, while a 200-day SMA reached $18.80. Nevertheless, trading volume fell to 1.85 million shares from 1.42 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 19.97, which, if violated, would cause prices to drop to 19.77. In the upper region, resistance lies at 20.53. The next price resistance is at 20.89. RSI (Relative Strength Index) is 63.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.81, which suggests the price will decrease in the coming days. Percent R is at 16.99%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
