Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai Sells 139,172 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the sale, the chief executive officer now directly owns 441,724 shares in the company, valued at $12,783,492.56. The trade was a 23.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Clearwater Analytics Stock Performance

CWAN stock opened at $29.02 on Wednesday. The stock’s 50 day simple moving average is $28.41 and its 200 day simple moving average is $23.99. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The stock has a market capitalization of $7.17 billion, a PE ratio of 2,901.50, a price-to-earnings-growth ratio of 10.62 and a beta of 0.68.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Chartwell Investment Partners LLC raised its position in Clearwater Analytics by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock worth $1,233,000 after buying an additional 395 shares during the last quarter. IHT Wealth Management LLC grew its stake in shares of Clearwater Analytics by 5.5% in the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock worth $288,000 after acquiring an additional 598 shares during the period. Blair William & Co. IL raised its holdings in shares of Clearwater Analytics by 1.6% during the second quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock valued at $786,000 after purchasing an additional 680 shares during the last quarter. Arizona State Retirement System boosted its holdings in Clearwater Analytics by 2.1% in the second quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock worth $757,000 after purchasing an additional 828 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after purchasing an additional 995 shares during the last quarter. 50.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CWAN. Citigroup assumed coverage on Clearwater Analytics in a report on Monday, August 19th. They set a “buy” rating and a $28.00 target price on the stock. Morgan Stanley upped their price target on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. DA Davidson cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and boosted their target price for the company from $31.00 to $35.00 in a report on Friday, November 8th. Royal Bank of Canada lifted their price target on shares of Clearwater Analytics from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Finally, Oppenheimer raised their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.89.

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.