Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sells $6,575,918.09 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 218,687 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the transaction, the chief executive officer now directly owns 681,588 shares in the company, valued at approximately $20,495,351.16. This represents a 24.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, February 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $27.63, for a total value of $1,381,500.00.
• 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 transaction 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

CWAN opened at $31.35 on Friday. The company has a 50 day simple moving average of $28.03 and a two-hundred day simple moving average of $27.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The firm has a market cap of $7.74 billion, a P/E ratio of 18.88, a PEG ratio of 7.43 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.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.47 million during the quarter, compared to analysts’ expectations of $120.34 million. Equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CWAN. Vanguard Group Inc. lifted its holdings in shares of Clearwater Analytics by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company’s stock worth $574,607,000 after buying an additional 2,455,844 shares in the last quarter. Wasatch Advisors LP increased its holdings in Clearwater Analytics by 3.2% in the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company’s stock valued at $457,909,000 after acquiring an additional 559,564 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Clearwater Analytics by 66.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock valued at $202,931,000 after acquiring an additional 2,931,445 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of Clearwater Analytics by 1.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 6,778,457 shares of the company’s stock valued at $171,156,000 after purchasing an additional 107,210 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Clearwater Analytics by 98.2% during the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company’s stock valued at $163,867,000 after purchasing an additional 2,950,555 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CWAN has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research report on Thursday, November 7th. UBS Group lifted their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. Oppenheimer raised their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $28.00 to $36.00 in a research report on Thursday. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.80.

About Clearwater Analytics

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.