Insider Selling: Clearwater Analytics (NYSE:CWAN) CFO Sells 21,631 Shares of Stock

Key Points

• CFO James Cox sold 21,631 shares at an average price of $23.80 for about $514,818, reducing his stake by ~4.27% to 485,419 shares valued near $11.55M.
• Multiple C‑suite insiders (including the CEO, CTO and CRO) sold shares the same day, accompanied by unusually large put-option volume and analyst downgrades, creating increased negative sentiment and potential downside risk; additionally, Scott+Scott has opened an investigation into the board over the proposed buyout, adding governance concerns.

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CFO James Cox sold 21,631 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total transaction of $514,817.80. Following the sale, the chief financial officer directly owned 485,419 shares in the company, valued at approximately $11,552,972.20. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock traded up $0.01 on Thursday, hitting $23.80. The company's stock had a trading volume of 3,977,279 shares, compared to its average volume of 10,208,298. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $26.94. The firm has a fifty day moving average price of $23.54 and a 200-day moving average price of $21.61. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of -169.95, a price-to-earnings-growth ratio of 3.28 and a beta of 0.64.

Trending Headlines about Clearwater Analytics

Here are the key news stories impacting Clearwater Analytics this week:

• Neutral Sentiment: Analysts maintain a consensus "Hold" on CWAN, indicating limited near-term upside from broker views. Clearwater Analytics Holdings, Inc. NYSE: CWAN Receives Consensus Rating of "Hold" from Analysts
• Negative Sentiment: Scott+Scott has opened an investigation into whether Clearwater’s directors breached fiduciary duties related to the proposed buyout by Warburg Pincus and Permira — litigation risk and governance concerns can pressure the stock. CLEARWATER ANALYTICS HOLDINGS, INC. INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Clearwater Analytics Holdings, Inc.'s Directors for Breach of Fiduciary Duties – CWAN
• Negative Sentiment: Unusually large put-option volume — traders bought ~17,402 puts (≈ +71% vs. normal). This indicates increased short/hedge interest and can add downward pressure on the stock.
• Negative Sentiment: CEO Sandeep Sahai sold 51,967 shares at an average $23.80 (≈ $1.24M). Insider selling from the CEO can be read as a negative signal by investors. SEC Filing – Sandeep Sahai Sale
• Negative Sentiment: Insider Subi Sethi sold 19,858 shares at $23.80; position reduced ~4.87%. SEC Filing – Subi Sethi Sale
• Negative Sentiment: CTO Souvik Das sold 14,686 shares at $23.80 (≈6.5% reduction). SEC Filing – Souvik Das Sale
• Negative Sentiment: CFO James S. Cox sold 21,631 shares at $23.80 (≈4.3% reduction). SEC Filing – James S. Cox Sale
• Negative Sentiment: CRO Scott Stanley Erickson sold 18,790 shares at $23.80 (≈10.8% reduction). Multiple C‑suite sell-offs in the same day amplify the negative signal. SEC Filing – Scott Stanley Erickson Sale

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Warburg Research set a $24.55 target price on Clearwater Analytics in a research note on Monday, December 22nd. Oppenheimer cut shares of Clearwater Analytics from an "outperform" rating to a "market perform" rating in a research note on Monday, December 22nd. William Blair reissued a "market perform" rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Weiss Ratings cut shares of Clearwater Analytics from a "hold (c)" rating to a "sell (d+)" rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company downgraded shares of Clearwater Analytics from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $27.00 to $24.55 in a report on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Clearwater Analytics presently has a consensus rating of "Hold" and a consensus price target of $26.17.

Hedge Funds Weigh In On Clearwater Analytics

A number of hedge funds have recently made changes to their positions in CWAN. Starboard Value LP purchased a new position in shares of Clearwater Analytics in the fourth quarter valued at approximately $240,212,000. Wellington Management Group LLP increased its position in shares of 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 purchasing an additional 9,268,950 shares in the last quarter. Norges Bank purchased a new stake in shares of Clearwater Analytics during the fourth quarter worth approximately $184,271,000. Vanguard Group Inc. raised its stake 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 last quarter. Finally, Hood River Capital Management LLC purchased a new position in Clearwater Analytics in the 2nd quarter valued at $99,105,000. Institutional investors and hedge funds own 50.10% of the company's stock.

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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