Clearwater Analytics (NYSE:CWAN) CTO Sells $240,100.00 in Stock

Key Points

• CTO Souvik Das sold 10,000 shares on April 8 at an average price of $24.01 for $240,100 under a pre-arranged Rule 10b5-1 plan, leaving him with 200,109 shares (a 4.76% ownership decline).
• Das has carried out multiple large sales this year — notably 88,848 shares on Feb. 18 for about $2.08M — reflecting substantial insider selling activity.
• Clearwater Analytics trades around $24 with a market cap of $7.09B, roughly 50% institutional ownership, and an average analyst rating of Hold with a $26.17 price target.

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CTO Souvik Das sold 10,000 shares of the company's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $24.01, for a total transaction of $240,100.00. Following the sale, the chief technology officer directly owned 200,109 shares in the company, valued at $4,804,617.09. This represents a 4.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Souvik Das also recently made the following trade(s):

• On Tuesday, March 31st, Souvik Das sold 14,686 shares of Clearwater Analytics stock. The stock was sold at an average price of $23.80, for a total value of $349,526.80.
• On Monday, March 9th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.37, for a total value of $233,700.00.
• On Wednesday, February 18th, Souvik Das sold 88,848 shares of Clearwater Analytics stock. The stock was sold at an average price of $23.44, for a total value of $2,082,597.12.
• On Monday, February 9th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.89, for a total value of $238,900.00.

Clearwater Analytics Stock Up 0.0%

Shares of Clearwater Analytics stock opened at $24.01 on Monday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $25.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market capitalization of $7.09 billion, a P/E ratio of -171.45, a price-to-earnings-growth ratio of 3.33 and a beta of 0.64. The business has a 50-day moving average of $23.50 and a two-hundred day moving average of $21.88.

Hedge Funds Weigh In On Clearwater Analytics

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Clearwater Analytics by 21.9% in the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company's stock valued at $599,370,000 after purchasing an additional 5,967,798 shares during the period. Wellington Management Group LLP grew its position in Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company's stock worth $320,642,000 after buying an additional 9,268,950 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Clearwater Analytics by 11.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,715,837 shares of the company's stock worth $330,827,000 after acquiring an additional 1,459,150 shares during the last quarter. Starboard Value LP bought a new stake in shares of Clearwater Analytics during the 4th quarter valued at about $240,212,000. Finally, Wasatch Advisors LP raised its stake in Clearwater Analytics by 3.0% in the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company's stock valued at $209,813,000 after purchasing an additional 274,664 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CWAN shares. Warburg Research set a $24.55 target price on shares of Clearwater Analytics in a research note on Monday, December 22nd. Morgan Stanley restated an "equal weight" rating and issued a $24.55 price target (down from $27.00) on shares of Clearwater Analytics in a research note on Tuesday, January 27th. Loop Capital downgraded shares of Clearwater Analytics from a "buy" rating to a "hold" rating and cut their price objective for the company from $25.00 to $24.55 in a report on Monday, December 22nd. Oppenheimer downgraded Clearwater Analytics from an "outperform" rating to a "market perform" rating in a research note on Monday, December 22nd. Finally, DA Davidson restated a "neutral" rating and set a $24.55 target price on shares of Clearwater Analytics in a research note on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $26.17.

Clearwater Analytics Company Profile

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company's software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.

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