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Clearwater Analytics Holdings Inc [CWAN] Investment Appeal on the Rise

In a filing, Clearwater Analytics Holdings Inc revealed its Chief Financial Officer Cox James S unloaded Company’s shares for reported $0.49 million on Oct 15 ’24. In the deal valued at $26.16 per share,18,700 shares were sold. As a result of this transaction, Cox James S now holds 224,044 shares worth roughly $6.14 million.

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Then, JAMES COX bought 18,700 shares, generating $486,574 in total proceeds.

Before that, Erickson Scott Stanley sold 3,890 shares. Clearwater Analytics Holdings Inc shares valued at $98,733 were divested by the Chief Revenue Officer at a price of $25.38 per share. As a result of the transaction, Erickson Scott Stanley now holds 6,373 shares, worth roughly $0.17 million.

Citigroup initiated its Clearwater Analytics Holdings Inc [CWAN] rating to a Buy in a research note published on August 19, 2024; the price target was $28. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in early July from “a Perform” to “an Outperform”. JP Morgan also remained covering CWAN and has decreased its forecast on February 29, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. UBS started covering the stock on November 07, 2023. It rated CWAN as “a Buy”.

Price Performance Review of CWAN

On Friday, Clearwater Analytics Holdings Inc [NYSE:CWAN] saw its stock jump 0.92% to $27.40. Over the last five days, the stock has gained 6.28%. Clearwater Analytics Holdings Inc shares have risen nearly 36.79% since the year began. Nevertheless, the stocks have risen 40.87% over the past one year. While a 52-week high of $27.16 was reached on 10/18/24, a 52-week low of $15.62 was recorded on 05/01/24. SMA at 50 days reached $24.71, while 200 days put it at $20.15.

Levels Of Support And Resistance For CWAN Stock

The 24-hour chart illustrates a support level at 27.22, which if violated will result in even more drops to 27.05. On the upside, there is a resistance level at 27.49. A further resistance level may holdings at 27.59. The Relative Strength Index (RSI) on the 14-day chart is 77.68, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.37%. Stochastics %K at 96.33% indicates the stock is a selling.

How much short interest is there in Clearwater Analytics Holdings Inc?

A steep rise in short interest was recorded in Clearwater Analytics Holdings Inc stocks on 2024-09-30, growing by 2.5 million shares to a total of 10.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.88 million shares. There was a rise of 24.07%, which implies that there is a positive sentiment for the stock.

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