Clearwater Analytics (NYSE:CWAN) CEO Sandeep Sahai Sells 46,962 Shares

Key Points

• Sandeep Sahai, CEO of Clearwater Analytics, sold 46,962 shares for approximately $944,875, reducing his ownership stake by 4.98%.
• Clearwater Analytics stock is currently trading down 1.7% at $20.50, with a market capitalization of $6.00 billion and a price-to-earnings ratio of 130.31.
• Analysts maintain an overall "Buy" rating for Clearwater Analytics, with an average price target of $32.67, despite recent adjustments from various firms.

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CEO Sandeep Sahai sold 46,962 shares of Clearwater Analytics stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $20.12, for a total transaction of $944,875.44. Following the sale, the chief executive officer directly owned 895,663 shares of the company's stock, valued at $18,020,739.56. This represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, August 20th, Sandeep Sahai sold 3,038 shares of Clearwater Analytics stock. The stock was sold at an average price of $20.01, for a total transaction of $60,790.38.
• On Monday, July 14th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $22.15, for a total transaction of $1,107,500.00.
• On Monday, June 30th, Sandeep Sahai sold 16,424 shares of Clearwater Analytics stock. The stock was sold at an average price of $21.67, for a total transaction of $355,908.08.
• On Friday, June 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $22.25, for a total transaction of $1,112,500.00.

Clearwater Analytics Trading Down 1.7%

Clearwater Analytics stock traded down $0.35 during mid-day trading on Monday, hitting $20.50. The company's stock had a trading volume of 3,680,784 shares, compared to its average volume of 4,949,885. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 130.31, a price-to-earnings-growth ratio of 4.91 and a beta of 0.73. The business has a 50 day moving average price of $21.09 and a 200-day moving average price of $23.69. Clearwater Analytics Holdings, Inc. has a 12 month low of $17.98 and a 12 month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Clearwater Analytics had a return on equity of 3.23% and a net margin of 73.74%.The business had revenue of $181.94 million during the quarter, compared to the consensus estimate of $174.16 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The business's revenue for the quarter was up 70.4% on a year-over-year basis. As a group, analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its position in shares of Clearwater Analytics by 278.9% in the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company's stock worth $33,000 after buying an additional 1,121 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Clearwater Analytics by 84.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company's stock worth $35,000 after buying an additional 708 shares in the last quarter. Nvwm LLC purchased a new position in shares of Clearwater Analytics in the 1st quarter worth $46,000. Quarry LP grew its stake in shares of Clearwater Analytics by 979.4% in the 1st quarter. Quarry LP now owns 2,094 shares of the company's stock worth $56,000 after buying an additional 1,900 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Clearwater Analytics by 714.6% in the 1st quarter. CWM LLC now owns 3,071 shares of the company's stock worth $82,000 after buying an additional 2,694 shares in the last quarter. Institutional investors own 50.10% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CWAN shares. The Goldman Sachs Group upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and set a $27.00 price target on the stock in a research report on Monday, August 11th. Oppenheimer cut their price objective on shares of Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Wednesday, June 11th. Piper Sandler set a $27.00 price objective on shares of Clearwater Analytics and gave the stock an "overweight" rating in a report on Tuesday, June 24th. Finally, DA Davidson cut their price objective on shares of Clearwater Analytics from $36.00 to $34.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Clearwater Analytics currently has an average rating of "Buy" and an average price target of $32.67.

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.

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