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

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

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

• 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 transaction 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 transaction of $1,294,500.00.
• On Monday, December 9th, Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock. The shares were sold at an average price of $28.94, for a total transaction of $4,027,637.68.

Clearwater Analytics Price Performance

CWAN opened at $31.35 on Friday. The company has a market capitalization of $7.74 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 7.43 and a beta of 0.72. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $28.03 and a 200-day moving average price of $27.11. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71.

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 the consensus estimate of $0.11 by ($0.07). The company had revenue of $126.47 million for the quarter, compared to analysts’ expectations of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. Equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CWAN. Piper Sandler upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $28.00 to $36.00 in a report on Thursday. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their target price for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $23.00 to $33.00 in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Finally, Morgan Stanley reissued an “overweight” rating and set a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a report on Friday. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.80.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CWAN. GAMMA Investing LLC lifted its holdings in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after buying an additional 468 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Clearwater Analytics in the 3rd quarter worth approximately $45,000. Arcadia Investment Management Corp MI purchased a new stake in Clearwater Analytics in the 4th quarter worth approximately $57,000. Financial Management Professionals Inc. purchased a new position in shares of Clearwater Analytics during the 3rd quarter valued at $58,000. Finally, R Squared Ltd purchased a new position in Clearwater Analytics during the fourth quarter worth about $80,000. 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.