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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $27.63, for a total value of $1,381,500.00. Following the completion of the sale, the chief executive officer now directly owns 615,855 shares of the company's stock, valued at approximately $17,016,073.65. The trade was a 7.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 Up 2.1 %

NYSE:CWAN traded up $0.56 on Tuesday, hitting $27.47. The stock had a trading volume of 824,696 shares, compared to its average volume of 1,876,557. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The business's fifty day moving average is $28.08 and its 200 day moving average is $27.01. The company has a market cap of $6.79 billion, a PE ratio of 2,757.06, a P/E/G ratio of 7.82 and a beta of 0.72.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Clearwater Analytics in the third quarter valued at approximately $3,677,000. Loomis Sayles & Co. L P lifted its holdings in Clearwater Analytics by 11.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company's stock worth $83,186,000 after acquiring an additional 327,880 shares during the period. Swiss National Bank boosted its position in Clearwater Analytics by 8.5% in the third quarter. Swiss National Bank now owns 312,900 shares of the company's stock worth $7,901,000 after purchasing an additional 24,600 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in Clearwater Analytics by 189.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock worth $34,926,000 after purchasing an additional 830,684 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in Clearwater Analytics in the third quarter worth $523,000. Institutional investors own 50.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. Oppenheimer raised their target price on Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group raised their target price on Clearwater Analytics from $20.00 to $22.00 and gave the stock a "sell" rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their target price on Clearwater Analytics from $33.00 to $35.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada cut their price target on Clearwater Analytics from $36.00 to $30.00 and set an "outperform" rating on the stock in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.33.

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.