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, January 13th. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00. Following the completion of the transaction, the chief executive officer now directly owns 615,855 shares of the company's stock, valued at $15,944,485.95. This represents a 7.51 % 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 Monday, December 9th, Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock. The stock was sold at an average price of $28.94, for a total transaction of $4,027,637.68.

Clearwater Analytics Trading Up 1.7 %

NYSE CWAN traded up $0.44 on Wednesday, hitting $26.89. 1,902,473 shares of the company were exchanged, compared to its average volume of 2,185,975. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The company's 50 day moving average price is $29.35 and its 200-day moving average price is $25.56. The firm has a market capitalization of $6.64 billion, a P/E ratio of 2,691.69, a price-to-earnings-growth ratio of 10.56 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. Piper Sandler lifted their price objective on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price target on shares of Clearwater Analytics from $33.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Morgan Stanley increased their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada cut their target price on Clearwater Analytics from $36.00 to $30.00 and set an "outperform" rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Clearwater Analytics currently has an average rating of "Moderate Buy" and a consensus target price of $30.89.

Institutional Trading of Clearwater Analytics

A number of hedge funds have recently modified their holdings of CWAN. Jackson Square Capital LLC acquired a new position in Clearwater Analytics during the fourth quarter valued at $558,000. Park Avenue Securities LLC purchased a new stake in Clearwater Analytics in the 4th quarter worth approximately $345,000. GAMMA Investing LLC grew its holdings in shares of Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after acquiring an additional 468 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Clearwater Analytics by 348.3% in the third quarter. Principal Financial Group Inc. now owns 84,793 shares of the company's stock worth $2,141,000 after acquiring an additional 65,878 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of Clearwater Analytics by 30.4% during the third quarter. Sanctuary Advisors LLC now owns 21,126 shares of the company's stock worth $533,000 after acquiring an additional 4,923 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

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.