Clearwater Analytics (NYSE:CWAN) CTO Souvik Das Sells 10,000 Shares

Key Points

• CTO Souvik Das sold 10,000 shares on March 9 at an average price of $23.37 for $233,700, leaving him with 197,132 shares (a 4.83% ownership reduction); he has made several other large insider sales recently, including 88,848 shares on Feb 18.
• Clearwater's stock traded around $23.17 (down 0.9%) with a market cap of $6.85 billion and a negative P/E (-165.49), positioned near its 50‑day SMA of $23.79 and above its 200‑day SMA of $21.25.
• Wall Street's consensus rating is a "Hold" with an average target of $26.17 after multiple downgrades and price-target cuts, while institutional investors own about 50.10% of the company and several funds have recently increased positions.

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction on Monday, March 9th. The stock was sold at an average price of $23.37, for a total value of $233,700.00. Following the sale, the chief technology officer directly owned 197,132 shares of the company's stock, valued at approximately $4,606,974.84. This trade represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, February 18th, Souvik Das sold 88,848 shares of Clearwater Analytics stock. The shares were 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 stock was sold at an average price of $23.89, for a total value of $238,900.00.
• On Thursday, January 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.08, for a total value of $240,800.00.
• On Wednesday, December 31st, Souvik Das sold 5,273 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.08, for a total value of $126,973.84.
• On Thursday, January 1st, Souvik Das sold 41,594 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.09, for a total transaction of $1,001,999.46.

Clearwater Analytics Trading Down 0.9%

Clearwater Analytics stock traded down $0.22 during midday trading on Tuesday, hitting $23.17. 6,653,902 shares of the stock were exchanged, compared to its average volume of 12,340,768. The stock has a market capitalization of $6.85 billion, a PE ratio of -165.49, a P/E/G ratio of 3.26 and a beta of 0.67. The company has a fifty day simple moving average of $23.79 and a two-hundred day simple moving average of $21.25. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.40. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $28.18.

Institutional Investors Weigh In On Clearwater Analytics

Several large investors have recently made changes to their positions in the stock. Intech Investment Management LLC lifted its holdings in shares of Clearwater Analytics by 46.4% in the second quarter. Intech Investment Management LLC now owns 157,281 shares of the company's stock valued at $3,449,000 after purchasing an additional 49,845 shares in the last quarter. Future Fund LLC bought a new position in shares of Clearwater Analytics during the second quarter worth about $732,000. Hillsdale Investment Management Inc. raised its position in Clearwater Analytics by 28.0% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 190,950 shares of the company's stock valued at $4,188,000 after buying an additional 41,800 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in Clearwater Analytics by 20.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company's stock valued at $8,435,000 after buying an additional 65,141 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Clearwater Analytics by 8.2% in the 2nd quarter. Swiss National Bank now owns 447,996 shares of the company's stock valued at $9,825,000 after acquiring an additional 33,896 shares in the last quarter. Institutional investors own 50.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CWAN. William Blair reissued a "market perform" rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Loop Capital cut Clearwater Analytics from a "buy" rating to a "hold" rating and decreased their target price for the company from $25.00 to $24.55 in a research note on Monday, December 22nd. UBS Group cut Clearwater Analytics from a "buy" rating to a "neutral" rating and decreased their target price for the company from $30.00 to $24.55 in a research note on Monday, January 26th. Finally, 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 report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Clearwater Analytics presently has a consensus rating of "Hold" and an average target price of $26.17.

About Clearwater Analytics

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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