Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sells 50,000 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWANGet Free Report) CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $26.56, for a total value of $1,328,000.00. Following the completion of the sale, the chief executive officer now owns 857,798 shares of the company’s stock, valued at $22,783,114.88. The trade was a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • 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 value of $6,575,918.09.
  • On Thursday, February 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The shares were 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 value of $1,294,500.00.

Clearwater Analytics Stock Up 0.8 %

Shares of NYSE CWAN traded up $0.21 during trading on Friday, reaching $26.61. The company had a trading volume of 1,002,092 shares, compared to its average volume of 2,494,232. 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 cap of $6.68 billion, a PE ratio of 16.03, a P/E/G ratio of 8.23 and a beta of 0.69. The business’s 50-day moving average is $28.33 and its 200 day moving average is $27.68. 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 (NYSE:CWANGet Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.47 million during the quarter, compared to analysts’ expectations of $120.34 million. As a group, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on CWAN. UBS Group upped their target price on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Morgan Stanley restated an “overweight” rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Oppenheimer upped their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company upped their price target on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Finally, Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.80.

View Our Latest Stock Report on CWAN

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CWAN. GAMMA Investing LLC lifted its holdings in shares of Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after purchasing an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Clearwater Analytics during the fourth quarter valued at $57,000. R Squared Ltd bought a new position in shares of Clearwater Analytics during the fourth quarter valued at $80,000. Aster Capital Management DIFC Ltd bought a new position in shares of Clearwater Analytics during the fourth quarter valued at $82,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock valued at $86,000 after purchasing an additional 1,987 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

About Clearwater Analytics

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Clearwater Analytics (NYSE:CWAN)

Receive News & Ratings for Clearwater Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearwater Analytics and related companies with MarketBeat.com's FREE daily email newsletter.