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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the transaction, the chief executive officer now owns 615,855 shares of the company’s stock, valued at approximately $15,944,485.95. The trade was a 7.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, December 9th, Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock. The stock was sold at an average price of $28.94, for a total transaction of $4,027,637.68.

Clearwater Analytics Price Performance

Clearwater Analytics stock opened at $28.01 on Friday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The firm has a 50 day moving average price of $29.12 and a 200 day moving average price of $25.64. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 2,803.40, a PEG ratio of 7.27 and a beta of 0.72.

Institutional Trading of Clearwater Analytics

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after acquiring an additional 468 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Clearwater Analytics in the 3rd quarter worth about $45,000. Financial Management Professionals Inc. acquired a new position in shares of Clearwater Analytics in the 3rd quarter valued at about $58,000. Nisa Investment Advisors LLC grew its holdings in shares of Clearwater Analytics by 174.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after purchasing an additional 1,987 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after purchasing an additional 995 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on CWAN shares. Oppenheimer increased their target price on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Wells Fargo & Company boosted their target price on shares of Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. The Goldman Sachs Group raised their price target on shares of Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley raised shares of Clearwater Analytics from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $30.00 to $34.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

Clearwater Analytics Company Profile

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.