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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) 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:CWAN) 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.

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

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.