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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 50,000 shares of the 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 transaction, the chief executive officer now owns 857,798 shares of the company’s stock, valued at approximately $22,783,114.88. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 value of $6,575,918.09.
• 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.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $26.88 on Monday. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The business’s fifty day moving average price is $28.31 and its two-hundred day moving average price is $27.75. The firm has a market capitalization of $6.75 billion, a PE ratio of 16.19, a P/E/G ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The business had revenue of $126.47 million for 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%. On average, research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CWAN. Oppenheimer raised their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Wells Fargo & Company raised their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Morgan Stanley restated an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, Royal Bank of Canada raised their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Clearwater Analytics has a consensus rating of “Moderate Buy” and a consensus price target of $33.80.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after purchasing an additional 468 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Clearwater Analytics during the fourth quarter valued at $57,000. R Squared Ltd acquired a new position in shares of Clearwater Analytics during the fourth quarter valued at $80,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Clearwater Analytics during the fourth quarter valued at $82,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock valued at $86,000 after purchasing an additional 1,987 shares during the period. 50.10% of the stock is owned by institutional investors and hedge funds.

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.