Insider Selling: Clearwater Analytics (NYSE:CWAN) CTO Sells $243,500.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 10,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $24.35, for a total value of $243,500.00. Following the sale, the chief technology officer owned 180,109 shares of the company’s stock, valued at approximately $4,385,654.15. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Souvik Das also recently made the following trade(s):

• On Friday, May 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.34, for a total value of $243,400.00.
• On Wednesday, April 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.01, for a total value of $240,100.00.
• On Tuesday, March 31st, Souvik Das sold 14,686 shares of Clearwater Analytics stock. The stock was sold at an average price of $23.80, for a total value of $349,526.80.

Clearwater Analytics Stock Performance

CWAN opened at $24.41 on Friday. The company has a market cap of $7.28 billion, a PE ratio of -135.58, a price-to-earnings-growth ratio of 3.34 and a beta of 0.60. The stock has a 50-day moving average of $24.22 and a 200-day moving average of $23.61. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $24.43. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The firm’s revenue was up 74.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 EPS. As a group, equities research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CWAN shares. DA Davidson restated a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Royal Bank Of Canada restated a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Clearwater Analytics in a research note on Friday, May 22nd. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.19.

Hedge Funds Weigh In On Clearwater Analytics

Several large investors have recently added to or reduced their stakes in the company. Groupe la Francaise acquired a new position in Clearwater Analytics in the 1st quarter valued at approximately $9,970,000. Amundi raised its holdings in Clearwater Analytics by 80.0% in the 1st quarter. Amundi now owns 28,177 shares of the company’s stock valued at $666,000 after acquiring an additional 12,527 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Clearwater Analytics by 123.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,367 shares of the company’s stock valued at $56,000 after acquiring an additional 1,306 shares in the last quarter. California State Teachers Retirement System raised its holdings in Clearwater Analytics by 23.3% in the 1st quarter. California State Teachers Retirement System now owns 334,997 shares of the company’s stock valued at $7,923,000 after acquiring an additional 63,398 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Clearwater Analytics by 50.2% in the 1st quarter. Quantinno Capital Management LP now owns 92,587 shares of the company’s stock valued at $2,190,000 after acquiring an additional 30,932 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

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.