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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $24.29, for a total value of $1,214,500.00. Following the sale, the chief executive officer now directly owns 876,754 shares of the company’s stock, valued at approximately $21,296,354.66. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, April 14th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $23.09, for a total value of $1,154,500.00.
• On Thursday, March 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $26.56, for a total transaction of $1,328,000.00.
• On Wednesday, February 19th, Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock. The shares were sold at an average price of $30.07, for a total transaction of $6,575,918.09.
• 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 transaction of $1,381,500.00.

Clearwater Analytics Price Performance

CWAN stock opened at $23.97 on Friday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12 month low of $17.63 and a 12 month high of $35.71. The firm has a market cap of $6.79 billion, a P/E ratio of 14.44, a P/E/G ratio of 8.23 and a beta of 0.79. The company’s 50-day moving average price is $24.38 and its two-hundred day moving average price is $27.35.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The firm had revenue of $126.86 million for the quarter, compared to analyst estimates of $125.11 million. During the same period last year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Clearwater Analytics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in shares of Clearwater Analytics by 1,600.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company’s stock valued at $39,690,000 after purchasing an additional 1,357,425 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock valued at $202,931,000 after purchasing an additional 2,931,445 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Clearwater Analytics during the 4th quarter valued at approximately $1,112,000. Stephens Investment Management Group LLC grew its holdings in shares of Clearwater Analytics by 189.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock valued at $34,926,000 after purchasing an additional 830,684 shares during the last quarter. Finally, Moody Aldrich Partners LLC grew its holdings in shares of Clearwater Analytics by 32.4% during the 4th quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company’s stock valued at $10,634,000 after purchasing an additional 94,454 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 recently commented on CWAN. Piper Sandler lowered their price target on shares of Clearwater Analytics from $36.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company lowered their price target on shares of Clearwater Analytics from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada raised their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. began coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They set an “overweight” rating and a $28.00 price target on the stock. Finally, UBS Group raised their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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.