Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai Sells 218,687 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $6,575,918.09. Following the completion of the sale, the chief executive officer now directly owns 681,588 shares in the company, valued at approximately $20,495,351.16. This represents a 24.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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.
• On Monday, December 9th, Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock. The shares were sold at an average price of $28.94, for a total value of $4,027,637.68.

Clearwater Analytics Stock Performance

Shares of NYSE CWAN opened at $31.35 on Friday. 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 50 day moving average of $28.03 and a 200-day moving average of $27.14. The company has a market capitalization of $7.74 billion, a P/E ratio of 18.88, a P/E/G ratio of 8.23 and a beta of 0.72.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. As a group, equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

CWAN has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $28.00 to $36.00 in a research report on Thursday. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. UBS Group boosted their price target on Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat.com, Clearwater Analytics presently has a consensus rating of “Moderate Buy” and an average price target of $33.80.

Institutional Trading of Clearwater Analytics

Several institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its stake in Clearwater Analytics by 21.7% in the 4th quarter. Mackenzie Financial Corp now owns 10,996 shares of the company’s stock valued at $303,000 after purchasing an additional 1,960 shares during the period. Neo Ivy Capital Management bought a new stake in Clearwater Analytics in the 4th quarter valued at $3,362,000. GTS Securities LLC bought a new stake in Clearwater Analytics in the 4th quarter valued at $479,000. Ashford Capital Management Inc. bought a new stake in Clearwater Analytics in the 4th quarter valued at $7,736,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Clearwater Analytics by 57.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 452,466 shares of the company’s stock valued at $12,452,000 after purchasing an additional 164,603 shares during the period. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Company Profile

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.