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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $23.09, for a total transaction of $1,154,500.00. Following the completion of the sale, the chief executive officer now directly owns 876,754 shares in the company, valued at $20,244,249.86. This trade represents a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, March 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $26.56, for a total value 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 Stock Down 0.2 %

Shares of NYSE:CWAN traded down $0.04 during trading on Friday, reaching $23.04. The stock had a trading volume of 3,633,215 shares, compared to its average volume of 2,111,356. The firm's 50-day simple moving average is $26.72 and its 200 day simple moving average is $27.76. 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 one year low of $15.62 and a one year high of $35.71. The company has a market capitalization of $5.78 billion, a P/E ratio of 13.88, a PEG ratio of 8.23 and a beta of 0.76.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. As a group, research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CWAN shares. Wells Fargo & Company raised their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. DA Davidson raised Clearwater Analytics from a "neutral" rating to a "buy" rating and decreased their target price for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. Piper Sandler upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their price target for the company from $28.00 to $36.00 in a research note on Thursday, February 20th. Royal Bank of Canada upped their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, Morgan Stanley reissued an "overweight" rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CWAN. GAMMA Investing LLC increased its stake in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after acquiring an additional 468 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Clearwater Analytics by 3.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock valued at $469,000 after buying an additional 502 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Clearwater Analytics by 11.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock valued at $142,000 after buying an additional 521 shares during the last quarter. Abacus FCF Advisors LLC lifted its holdings in shares of Clearwater Analytics by 2.8% in the 1st quarter. Abacus FCF Advisors LLC now owns 25,140 shares of the company's stock valued at $674,000 after buying an additional 682 shares during the period. Finally, Summit Creek Advisors LLC boosted its stake in shares of Clearwater Analytics by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock worth $7,844,000 after buying an additional 833 shares during the last quarter. 50.10% of the stock is currently owned by hedge funds and other 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.