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 $489,172 were sold by Cox James S on Oct 15 ’24. At $26.16 per share, Cox James S sold 18,700 shares. The insider’s holdings dropped to 224,044 shares worth approximately $5.89 million following the completion of this transaction.
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Also, JAMES COX purchased 18,700 shares, netting a total of over 486,574 in proceeds.
Before that, Erickson Scott Stanley had sold 3,890 shares from its account. In a trade valued at $98,733, the Chief Revenue Officer traded Clearwater Analytics Holdings Inc shares for $25.38 each. Upon closing the transaction, the insider’s holdings decreased to 3,890 shares, worth approximately $0.17 million.
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 surge of approximately 4.08%. Over the course of the year, Clearwater Analytics Holdings Inc shares have jumped approximately 31.30%. Shares of the company reached a 52-week high of $26.48 on 10/15/24 and a 52-week low of $15.62 on 05/01/24. A 50-day SMA is recorded $24.53, while a 200-day SMA reached $20.07. Nevertheless, trading volume fell to 0.58 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 26.07, which, if violated, would cause prices to drop to 25.84. In the upper region, resistance lies at 26.42. The next price resistance is at 26.55. RSI (Relative Strength Index) is 69.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.72, which suggests the price will decrease in the coming days. Percent R is at 10.23%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
