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Keeping an Eye on Clearwater Analytics Holdings Inc (CWAN) After Insider Trading Activity

Clearwater Analytics Holdings Inc’s filing revealed that its Director SANDEEP SAHAI acquired Company’s shares for reported $4.14 million on Dec 09 ’24. In the deal valued at $29.75 per share,139,172 shares were bought.

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Then, WCAS XIII CARBON ANALYTICS ACQ sold 10,645,133 shares, generating $311,370,140 in total proceeds. Upon selling the shares at $29.25, the 10% Owner now owns 0 shares.

Before that, Galibier Purchaser, LLC sold 4,283,243 shares. Clearwater Analytics Holdings Inc shares valued at $125,284,858 were divested by the Director at a price of $29.25 per share. As a result of the transaction, Galibier Purchaser, LLC now holds 0 shares, worth roughly $0.0.

DA Davidson downgraded its Clearwater Analytics Holdings Inc [CWAN] rating to a Neutral from a a Buy in a research note published on November 08, 2024; the price target was increased to $35 from $31. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “an Overweight”. Citigroup began covering CWAN with “Buy” recommendation on August 19, 2024. Oppenheimer revised its rating on July 08, 2024. It rated CWAN as “an Outperform” which previously was an “a Perform”.

Price Performance Review of CWAN

On Monday, Clearwater Analytics Holdings Inc [NYSE:CWAN] saw its stock fall -3.09% to $28.83. Over the last five days, the stock has lost -7.24%. Clearwater Analytics Holdings Inc shares have risen nearly 43.93% since the year began. Nevertheless, the stocks have risen 52.22% over the past one year. While a 52-week high of $35.71 was reached on 11/07/24, a 52-week low of $15.62 was recorded on 05/01/24. SMA at 50 days reached $28.21, while 200 days put it at $21.89.

Levels Of Support And Resistance For CWAN Stock

The 24-hour chart illustrates a support level at 28.35, which if violated will result in even more drops to 27.86. On the upside, there is a resistance level at 29.66. A further resistance level may holdings at 30.48. The Relative Strength Index (RSI) on the 14-day chart is 43.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.52%. Stochastics %K at 15.50% indicates the stock is a buying.

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 2024-11-15, dropping by -1.96 million shares to a total of 6.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.35 million shares. There was a decline of -30.64%, which implies that there is a negative sentiment for the stock.

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