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 $494,615 were purchased by JAMES COX on Jan 15 ’25. At $26.45 per share, JAMES COX acquired 18,700 shares.
Also, Sahai Sandeep sold 50,000 shares, netting a total of over 1,294,360 in proceeds. Following the sale of shares at $25.89 each, the insider now holds 615,855 shares.
Before that, SANDEEP SAHAI had added 50,000 shares to its account. In a trade valued at $1,351,500, the Director bought Clearwater Analytics Holdings Inc shares for $27.03 each.
As published in a research note from DA Davidson on January 14, 2025, Clearwater Analytics Holdings Inc [CWAN] has been rated up from a Neutral to a Buy and the price target has been revised to $32 from $35. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of November 07, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for CWAN. Earlier on August 19, 2024, Citigroup 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 -0.62%. Over the course of the year, Clearwater Analytics Holdings Inc shares have dropped approximately -1.56%. Shares of the company reached a 52-week high of $27.97 on 01/03/25 and a 52-week low of $25.39 on 01/13/25. A 50-day SMA is recorded $29.20, while a 200-day SMA reached $23.22. Nevertheless, trading volume fell to 2.26 million shares from 1.9 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 26.90, which, if violated, would cause prices to drop to 26.70. In the upper region, resistance lies at 27.38. The next price resistance is at 27.66. RSI (Relative Strength Index) is 43.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 47.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
