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James Cox, the Chief Financial Officer of Clearwater Analytics Holdings , Inc. (NYSE:CWAN), recently executed a series of transactions involving the company’s Class A common stock. On April 15, Cox sold a total of 18,700 shares, generating approximately $433,363. The sale prices ranged from $23.1214 to $23.32 per share. These sales were conducted under a Rule 10b5-1 trading plan that Cox adopted on March 11, 2024. The company, which currently trades near InvestingPro’s Fair Value estimate, has demonstrated strong financial health with a current ratio of 4.99x, indicating robust liquidity.
Additionally, Cox exercised stock options to acquire 34,358 shares at a price of $4.40 per share, totaling approximately $151,175. Following these transactions, Cox’s direct ownership stands at 358,885 shares. With the company’s next earnings report scheduled for April 30 and five analysts recently revising earnings estimates upward, investors seeking deeper insights can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.
In other recent news, Clearwater Analytics Holdings has announced plans to acquire Beacon Platform and Bistro for a total of $685 million, funded through a mix of cash and stock. The acquisition aims to enhance Clearwater’s capabilities in risk analytics and portfolio visualization, with Beacon’s platform valued at approximately $560 million and Bistro at $125 million. The deals are expected to create a unified investment management platform, providing comprehensive solutions for investment managers. Additionally, Clearwater is pursuing a $1.5 billion acquisition of Enfusion, which will be funded through a combination of an $800 million term loan, cash on hand, and a revolving credit line. Analyst firm DA Davidson has maintained a Buy rating on Clearwater’s stock with a $36 price target, highlighting the potential benefits and integration risks of these acquisitions. Oppenheimer also reiterated an Outperform rating with a $40 price target, expressing confidence in Clearwater’s business momentum and strategic initiatives. Both firms emphasize Clearwater’s growth trajectory and the transformative potential of these acquisitions. The transactions are subject to customary closing conditions, and Clearwater plans to discuss further details in an upcoming investor conference call.
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