Sandeep Sahai Sells 50,000 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $22.15, for a total value of $1,107,500.00. Following the sale, the chief executive officer directly owned 895,663 shares of the company's stock, valued at $19,838,935.45. This trade represents a 5.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, June 30th, Sandeep Sahai sold 16,424 shares of Clearwater Analytics stock. The shares were 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 shares were sold at an average price of $22.25, for a total transaction 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.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN traded down $0.02 during midday trading on Tuesday, hitting $22.05. The company had a trading volume of 4,269,228 shares, compared to its average volume of 2,604,297. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.09 and a quick ratio of 5.09. The business's 50-day simple moving average is $22.72 and its 200-day simple moving average is $25.29. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 4.37 and a beta of 0.74. Clearwater Analytics Holdings, Inc. has a twelve month low of $18.75 and a twelve month high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its 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 net margin of 90.18% and a return on equity of 5.22%. The company had revenue of $126.86 million for the quarter, compared to the consensus estimate of $125.11 million. During the same period in the previous year, the firm earned $0.10 earnings per share. Clearwater Analytics's quarterly revenue was up 23.5% compared to the same quarter last year. On average, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its position in Clearwater Analytics by 98.2% during the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock worth $163,867,000 after purchasing an additional 2,950,555 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Clearwater Analytics by 66.0% in the fourth quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock valued at $202,931,000 after purchasing an additional 2,931,445 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Clearwater Analytics by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock worth $574,607,000 after acquiring an additional 2,455,844 shares during the last quarter. Norges Bank acquired a new position in Clearwater Analytics in the 4th quarter valued at about $59,402,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Clearwater Analytics in the 1st quarter valued at about $56,648,000. Institutional investors and hedge funds own 50.10% of the company's stock.

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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