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 Thursday, March 13th. The shares were sold at an average price of $26.56, for a total value of $1,328,000.00. Following the transaction, the chief executive officer now directly owns 857,798 shares of the company’s stock, valued at $22,783,114.88. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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 value of $6,575,918.09.
• On Thursday, February 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The shares were 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.

Clearwater Analytics Price Performance

NYSE:CWAN traded up $0.21 during mid-day trading on Friday, reaching $26.61. The stock had a trading volume of 1,002,092 shares, compared to its average volume of 2,494,232. The firm has a 50 day moving average price of $28.33 and a two-hundred day moving average price of $27.68. The stock has a market capitalization of $6.68 billion, a P/E ratio of 16.03, a P/E/G ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one 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 released its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The firm had revenue of $126.47 million during the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. As a group, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Institutional Trading of Clearwater Analytics

A number of hedge funds have recently bought and sold shares of CWAN. Wellington Management Group LLP lifted its position in Clearwater Analytics by 98.2% in the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company’s stock valued at $163,867,000 after purchasing an additional 2,950,555 shares during the last quarter. Alliancebernstein L.P. lifted its position in 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. lifted its position in Clearwater Analytics by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company’s stock valued at $574,607,000 after purchasing an additional 2,455,844 shares during the last quarter. Norges Bank bought a new stake in Clearwater Analytics in the fourth quarter valued at approximately $59,402,000. Finally, Champlain Investment Partners LLC bought a new stake in Clearwater Analytics in the third quarter valued at approximately $53,559,000. Institutional investors own 50.10% of the company’s stock.

Analyst Ratings Changes

CWAN has been the subject of a number of recent analyst reports. Oppenheimer lifted 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. Morgan Stanley reissued an “overweight” rating and set a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Royal Bank of Canada boosted their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Finally, Wells Fargo & Company boosted their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and an average 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.