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 $92,387 were sold by Erickson Scott Stanley on Sep 10 ’24. At $23.75 per share, Erickson Scott Stanley sold 3,890 shares. The insider’s holdings dropped to 4,844 shares worth approximately $0.11 million following the completion of this transaction.
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Also, SCOTT ERICKSON purchased 3,890 shares, netting a total of over 93,944 in proceeds.
Before that, Galibier Purchaser, LLC had sold 1,784,316 shares from its account. In a trade valued at $43,144,761, the Director traded Clearwater Analytics Holdings Inc shares for $24.18 each. Upon closing the transaction, the insider’s holdings decreased to 1,784,316 shares, worth approximately $0.0.
As published in their initiating research note from Citigroup on August 19, 2024, Clearwater Analytics Holdings Inc [CWAN] has been a Buy and the price target has been revised to $28. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in early July. As of February 29, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for CWAN. Earlier on November 07, 2023, UBS initiated its rating. Their recommendation was “a Buy” for CWAN stock.
Analyzing CWAN Stock Performance
During the last five days, there has been a drop of approximately -2.05%. Over the course of the year, Clearwater Analytics Holdings Inc shares have jumped approximately 16.63%. Shares of the company reached a 52-week high of $24.93 on 09/03/24 and a 52-week low of $15.62 on 05/01/24. A 50-day SMA is recorded $22.02, while a 200-day SMA reached $19.42. Nevertheless, trading volume fell to 0.78 million shares from 0.98 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 23.22, which, if violated, would cause prices to drop to 23.08. In the upper region, resistance lies at 23.64. The next price resistance is at 23.92. RSI (Relative Strength Index) is 49.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.58, which suggests the price will decrease in the coming days. Percent R is at 91.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
