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 $311,370,140 were sold by WCAS XIII CARBON ANALYTICS ACQ on Dec 04 ’24. At $29.25 per share, WCAS XIII CARBON ANALYTICS ACQ sold 10,645,133 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Galibier Purchaser, LLC sold 4,283,243 shares, netting a total of over 125,284,858 in proceeds. Following the sale of shares at $29.25 each, the insider now holds 0 shares.
Before that, Galibier Purchaser, LLC had added 4,283,243 shares to its account. In a trade valued at $125,284,858, the 10% Owner bought Clearwater Analytics Holdings Inc shares for $29.25 each.
As published in a research note from DA Davidson on November 08, 2024, Clearwater Analytics Holdings Inc [CWAN] has been rated down from a Buy to a Neutral and the price target has been revised to $35 from $31. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early November. As of August 19, 2024, Citigroup has initiated its “Buy” rating for CWAN. Earlier on July 08, 2024, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for CWAN stock which previously was a “a Perform”.
Analyzing CWAN Stock Performance
During the last five days, there has been a drop of approximately -3.95%. Over the course of the year, Clearwater Analytics Holdings Inc shares have jumped approximately 49.48%. Shares of the company reached a 52-week high of $35.71 on 11/07/24 and a 52-week low of $15.62 on 05/01/24. A 50-day SMA is recorded $28.05, while a 200-day SMA reached $21.80. Nevertheless, trading volume fell to 3.41 million shares from 3.74 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 29.63, which, if violated, would cause prices to drop to 29.31. In the upper region, resistance lies at 30.16. The next price resistance is at 30.37. RSI (Relative Strength Index) is 50.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.10, which suggests the price will decrease in the coming days. Percent R is at 75.89%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.