Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sells 16,424 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CEO Sandeep Sahai sold 16,424 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $21.67, for a total transaction of $355,908.08. Following the sale, the chief executive officer directly owned 895,663 shares of the company's stock, valued at approximately $19,409,017.21. This represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 value of $1,112,500.00.
• On Tuesday, May 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.29, for a total transaction of $1,214,500.00.
• On Monday, April 14th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.09, for a total value of $1,154,500.00.

Clearwater Analytics Stock Performance

Shares of CWAN traded down $0.12 during midday trading on Wednesday, reaching $21.77. The stock had a trading volume of 2,957,846 shares, compared to its average volume of 2,532,839. The firm has a market cap of $6.17 billion, a PE ratio of 12.96, a P/E/G ratio of 4.39 and a beta of 0.74. The firm has a 50 day simple moving average of $22.80 and a 200-day simple moving average of $25.66. Clearwater Analytics Holdings, Inc. has a one year low of $17.63 and a one year high of $35.71. The company has a current ratio of 5.09, a quick ratio of 5.09 and a debt-to-equity ratio of 0.04.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Clearwater Analytics had a return on equity of 5.22% and a net margin of 90.18%. The business had revenue of $126.86 million during the quarter, compared to analysts' expectations of $125.11 million. During the same quarter last year, the company posted $0.10 earnings per share. Clearwater Analytics's quarterly revenue was up 23.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CWAN shares. JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 price target on the stock. Oppenheimer lowered their price target on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Wednesday, June 11th. The Goldman Sachs Group started coverage on Clearwater Analytics in a research note on Monday, May 19th. They set a "neutral" rating and a $26.00 price objective on the stock. Wells Fargo & Company lowered their price objective on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Piper Sandler set a $27.00 price objective on Clearwater Analytics and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Clearwater Analytics has an average rating of "Moderate Buy" and a consensus price target of $31.90.

Hedge Funds Weigh In On Clearwater Analytics

Institutional investors and hedge funds have recently modified their holdings of the stock. Nvwm LLC bought a new stake in shares of Clearwater Analytics during the first quarter worth approximately $46,000. Quarry LP lifted its position in Clearwater Analytics by 979.4% during the first quarter. Quarry LP now owns 2,094 shares of the company's stock worth $56,000 after purchasing an additional 1,900 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth approximately $82,000. CWM LLC increased 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 valued at $82,000 after purchasing an additional 2,694 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Clearwater Analytics during the fourth quarter worth about $88,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

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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