Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sells $1,328,000.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $26.56, for a total transaction of $1,328,000.00. Following the completion of the transaction, the chief executive officer now owns 857,798 shares in the company, valued at $22,783,114.88. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, February 19th, Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock. The shares were sold at an average price of $30.07, for a total transaction of $6,575,918.09.
• 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 transaction of $1,381,500.00.
• On Monday, January 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00.

Clearwater Analytics Stock Up 1.8 %

CWAN opened at $26.88 on Monday. The firm has a 50 day moving average price of $28.31 and a 200 day moving average price of $27.75. The company has a market cap of $6.75 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. 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.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CWAN shares. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Oppenheimer raised 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. Wells Fargo & Company lifted their price target on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Royal Bank of Canada lifted their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Finally, UBS Group lifted their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. One 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, Clearwater Analytics has an average rating of “Moderate Buy” and an average target price of $33.80.

Hedge Funds Weigh In On Clearwater Analytics

A number of institutional investors and hedge funds have recently bought and sold shares of CWAN. GAMMA Investing LLC boosted its holdings in Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after acquiring an additional 468 shares during the period. Arcadia Investment Management Corp MI purchased a new position in Clearwater Analytics in the 4th quarter worth approximately $57,000. R Squared Ltd purchased a new position in Clearwater Analytics in the 4th quarter worth approximately $80,000. Aster Capital Management DIFC Ltd purchased a new position in Clearwater Analytics in the 4th quarter worth approximately $82,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after acquiring an additional 1,987 shares during the period. Hedge funds and other institutional investors own 50.10% of the company’s stock.

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.