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Taking a look at what insiders are doing to gauge the Clearwater Analytics Holdings Inc (CWAN)’s direction

CHWY Stock

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Clearwater Analytics Holdings Inc shares valued at $290,318 were purchased by JAMES COX on Aug 01 ’24. At $19.55 per share, JAMES COX acquired 14,850 shares.

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Also, Erickson Scott Stanley sold 3,890 shares, netting a total of over 75,855 in proceeds. Following the sale of shares at $19.50 each, the insider now holds 4,844 shares.

Before that, Das Souvik had sold 25,000 shares from its account. In a trade valued at $473,018, the Chief Technology Officer traded Clearwater Analytics Holdings Inc shares for $18.92 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $0.25 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 16.61%. Over the course of the year, Clearwater Analytics Holdings Inc shares have jumped approximately 17.42%. Shares of the company reached a 52-week high of $23.55 on 08/01/24 and a 52-week low of $15.62 on 05/01/24. A 50-day SMA is recorded $19.32, while a 200-day SMA reached $18.81. Nevertheless, trading volume fell to 7.81 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 21.83, which, if violated, would cause prices to drop to 20.14. In the upper region, resistance lies at 24.38. The next price resistance is at 25.24. RSI (Relative Strength Index) is 77.03 on the 14-day chart, showing overbought 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 0.62%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.

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