Clearwater analytics CFO Cox sells $416k in shares

Published 18/06/2025, 15:52
Clearwater analytics CFO Cox sells $416k in shares

Clearwater Analytics Holdings Inc (NASDAQ:CWAN), a company currently valued at $5.9 billion with a "GREAT" financial health score according to InvestingPro, saw its Chief Financial Officer James S. Cox sell a total of 18,700 shares of Class A Common Stock on June 16, 2025, for approximately $416,061. The sales were executed in multiple trades at prices ranging from $22.2407 to $22.2728.

Cox also exercised stock options to acquire 34,700 shares of Class A Common Stock at an exercise price of $4.40, for a total value of $152,680. Concurrently, 21,000 shares were sold to cover tax withholding obligations at a price of $22.2407, totaling $467,054. The company, which maintains a strong current ratio of 5.09 and operates with moderate debt levels, has seen its revenue grow by 23% over the last twelve months.

Following these transactions, Cox directly owns 348,885 shares of Clearwater Analytics Holdings Inc. The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on March 11, 2024. While analysts expect sales growth this year, InvestingPro analysis reveals 10+ additional key insights about CWAN’s valuation and future prospects in their comprehensive Pro Research Report.

In other recent news, Clearwater Analytics Holdings reported its Q1 2025 earnings, surpassing analyst expectations with an earnings per share of $0.13 and revenue of $126.9 million, both exceeding forecasts. The company also achieved a 23.5% year-over-year increase in revenue and a significant 40% growth in adjusted EBITDA. DA Davidson maintained a Buy rating on Clearwater, citing the impressive financial performance and the strategic nature of recent acquisitions that are expected to enhance Clearwater’s technology offerings. Meanwhile, Oppenheimer lowered its price target for Clearwater from $40.00 to $36.00 due to concerns over integration risks from recent acquisitions, although it maintained an Outperform rating. Goldman Sachs resumed coverage of Clearwater with a Neutral rating and a $26.00 price target, highlighting the company’s strong core accounting platform but noting challenges in scaling to a multi-product company. These developments reflect Clearwater’s ongoing efforts to integrate new acquisitions and expand its market presence.

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