Sandeep Sahai Sells 218,687 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 218,687 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the completion of the sale, the chief executive officer now directly owns 681,588 shares of the company’s stock, valued at approximately $20,495,351.16. This trade represents a 24.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, February 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $27.63, for a total value of $1,381,500.00.
• On Monday, January 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00.
• 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 value of $4,027,637.68.

Clearwater Analytics Trading Up 4.7 %

Shares of Clearwater Analytics stock opened at $31.35 on Monday. The business has a 50 day moving average price of $28.03 and a 200 day moving average price of $27.18. The company has a market capitalization of $7.74 billion, a P/E ratio of 18.88, a P/E/G ratio of 8.23 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The company had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. Sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Clearwater Analytics

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Clearwater Analytics by 57.4% during the 4th 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 Clearwater Analytics in the third quarter valued at about $45,000. Arcadia Investment Management Corp MI purchased a new position in Clearwater Analytics in the fourth quarter valued at about $57,000. Financial Management Professionals Inc. acquired a new stake in Clearwater Analytics during the 3rd quarter valued at approximately $58,000. Finally, R Squared Ltd purchased a new stake in Clearwater Analytics during the 4th quarter worth approximately $80,000. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CWAN shares. Royal Bank of Canada raised their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Oppenheimer upped their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Finally, UBS Group upped their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.80.

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.