Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CEO Sandeep Sahai sold 50,000 shares of the company'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 sale, the chief executive officer now owns 857,798 shares in the company, valued at approximately $22,783,114.88. This trade represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Sandeep Sahai also recently made the following trade(s):
- On Wednesday, February 19th, Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock. The stock was 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 stock was 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 stock was sold at an average price of $25.89, for a total value of $1,294,500.00.
Clearwater Analytics Stock Up 0.1 %
Shares of CWAN stock traded up $0.02 on Tuesday, hitting $26.61. The stock had a trading volume of 2,419,844 shares, compared to its average volume of 1,898,335. 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 has a 50 day moving average price of $28.30 and a 200 day moving average price of $27.78. The company 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. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71.
Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. Research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently issued reports on CWAN shares. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Royal Bank of Canada raised 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, February 20th. Piper Sandler upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. Morgan Stanley restated an "overweight" rating and issued a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Finally, Wells Fargo & Company lifted their target price on Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat, Clearwater Analytics has a consensus rating of "Moderate Buy" and a consensus price target of $33.80.
Read Our Latest Report on CWAN
Institutional Trading of Clearwater Analytics
Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings 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 valued at $35,000 after acquiring an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics in the fourth quarter worth about $57,000. R Squared Ltd bought a new position in Clearwater Analytics in the fourth quarter worth about $80,000. Aster Capital Management DIFC Ltd bought a new position in Clearwater Analytics in the fourth quarter worth about $82,000. Finally, Nisa Investment Advisors LLC raised its holdings in Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after purchasing an additional 1,987 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.
About Clearwater Analytics
(
Get Free Report)
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.
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