Insider Selling: Clearwater Analytics (NYSE:CWAN) CEO Sells 134,130 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 134,130 shares of the stock in a transaction that occurred on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $3,231,191.70. Following the sale, the chief executive officer directly owned 1,092,923 shares in the company, valued at $26,328,515.07. This trade represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, December 31st, Sandeep Sahai sold 16,394 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.08, for a total transaction of $394,767.52.

Clearwater Analytics Trading Down 0.1%

CWAN traded down $0.03 during mid-day trading on Monday, reaching $24.09. The stock had a trading volume of 24,087,029 shares, compared to its average volume of 22,436,082. The firm’s fifty day simple moving average is $20.99 and its two-hundred day simple moving average is $20.38. The stock has a market capitalization of $7.05 billion, a P/E ratio of 15.74, a P/E/G ratio of 3.48 and a beta of 0.66. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $32.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $205.11 million for the quarter, compared to the consensus estimate of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The company’s revenue was up 77.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. On average, equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Oppenheimer downgraded shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research note on Monday, December 22nd. Morgan Stanley reiterated an “overweight” rating and set a $27.00 target price on shares of Clearwater Analytics in a research report on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. UBS Group dropped their price objective on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, Wall Street Zen lowered Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Eight research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Clearwater Analytics has an average rating of “Moderate Buy” and an average price target of $28.65.

Hedge Funds Weigh In On Clearwater Analytics

Several institutional investors and hedge funds have recently modified their holdings of CWAN. Versant Capital Management Inc lifted its position in Clearwater Analytics by 189.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after buying an additional 1,024 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Clearwater Analytics by 278.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after acquiring an additional 1,121 shares in the last quarter. Essex Investment Management Co. LLC increased its position in shares of Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after acquiring an additional 640 shares during the last quarter. Bessemer Group Inc. raised its holdings in Clearwater Analytics by 84.6% during the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after acquiring an additional 708 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Clearwater Analytics during the third quarter valued at approximately $36,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Analytics Company Profile

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.