Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai Sells 50,000 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $27.63, for a total value of $1,381,500.00. Following the completion of the sale, the chief executive officer now owns 615,855 shares in the company, valued at approximately $17,016,073.65. The trade was a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Sandeep Sahai also recently made the following trade(s):

• On Monday, January 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00.
• On Monday, December 9th, Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock. The shares were sold at an average price of $28.94, for a total value of $4,027,637.68.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $26.89 on Friday. The stock’s 50-day moving average is $28.11 and its two-hundred day moving average is $26.88. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 2,691.19, a PEG ratio of 7.82 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Hedge Funds Weigh In On Clearwater Analytics

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Clearwater Analytics during the third quarter worth about $45,000. Arcadia Investment Management Corp MI purchased a new position in shares of Clearwater Analytics during the fourth quarter worth about $57,000. Financial Management Professionals Inc. purchased a new position in shares of Clearwater Analytics during the third quarter worth about $58,000. Finally, R Squared Ltd purchased a new position in shares of Clearwater Analytics during the fourth quarter worth about $80,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CWAN. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Morgan Stanley raised Clearwater Analytics from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $30.00 to $34.00 in a report on Friday, January 17th. Royal Bank of Canada dropped their target price on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. Oppenheimer increased their target price on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group increased their target price on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.33.

Clearwater Analytics Company Profile

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.