Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sells 50,000 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $22.15, for a total transaction of $1,107,500.00. Following the completion of the transaction, the chief executive officer directly owned 895,663 shares in the company, valued at approximately $19,838,935.45. This 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 link.

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

• On Monday, June 30th, Sandeep Sahai sold 16,424 shares of Clearwater Analytics stock. The stock was 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 stock was 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 Trading Down 1.3%

Shares of Clearwater Analytics stock traded down $0.29 during trading on Friday, hitting $21.43. 1,823,324 shares of the company were exchanged, compared to its average volume of 2,640,231. 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 firm's fifty day moving average price is $22.65 and its 200 day moving average price is $25.16. Clearwater Analytics Holdings, Inc. has a 1-year low of $19.46 and a 1-year high of $35.71. The firm has a market capitalization of $6.07 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 4.44 and a beta of 0.74.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share (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 company had revenue of $126.86 million for the quarter, compared to analysts' expectations of $125.11 million. During the same quarter in the prior year, the business posted $0.10 EPS. The business's revenue was up 23.5% compared to the same quarter last year. As a group, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Clearwater Analytics

Large investors have recently modified their holdings of the stock. Nvwm LLC acquired a new stake in shares of Clearwater Analytics during the 1st quarter worth $46,000. Quarry LP grew its holdings in shares of Clearwater Analytics by 979.4% during the 1st quarter. Quarry LP now owns 2,094 shares of the company's stock worth $56,000 after purchasing an additional 1,900 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Clearwater Analytics in the fourth quarter valued at about $82,000. CWM LLC boosted its stake in Clearwater Analytics by 714.6% in the first quarter. CWM LLC now owns 3,071 shares of the company's stock valued at $82,000 after buying an additional 2,694 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Clearwater Analytics in the fourth quarter valued at about $116,000. 50.10% of the stock is 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.