Souvik Das Sells 41,594 Shares of Clearwater Analytics (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 41,594 shares of Clearwater Analytics stock in a transaction that occurred on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $1,001,999.46. Following the completion of the transaction, the chief technology officer directly owned 148,224 shares in the company, valued at $3,570,716.16. This trade represents a 21.91% 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 link.

Souvik Das also recently made the following trade(s):

• On Wednesday, December 31st, Souvik Das sold 5,273 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.08, for a total value of $126,973.84.
• On Monday, December 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $21.59, for a total transaction of $215,900.00.

Clearwater Analytics Price Performance

Shares of NYSE CWAN traded down $0.03 during midday trading on Monday, reaching $24.09. 24,087,029 shares of the company were exchanged, compared to its average volume of 22,436,082. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $32.00. The stock’s 50-day moving average price is $20.99 and its 200-day moving average price is $20.38. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42. The stock has a market cap of $7.05 billion, a P/E ratio of 15.74, a PEG ratio of 3.48 and a beta of 0.66.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The business’s revenue for the quarter was up 77.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. On average, sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Clearwater Analytics

Institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc grew its position in shares of Clearwater Analytics by 189.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after buying an additional 1,024 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Clearwater Analytics by 278.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after acquiring an additional 1,121 shares during the period. Essex Investment Management Co. LLC boosted its stake in Clearwater Analytics by 54.9% during the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after acquiring an additional 640 shares in the last quarter. Bessemer Group Inc. grew its holdings in Clearwater Analytics by 84.6% in the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after purchasing an additional 708 shares during the period. Finally, Danske Bank A S acquired a new stake in Clearwater Analytics in the third quarter worth $36,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CWAN shares. Royal Bank Of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Clearwater Analytics in a research report on Monday, December 22nd. UBS Group lowered their target price on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Warburg Research set a $24.55 price target on Clearwater Analytics in a research report on Monday, December 22nd. Morgan Stanley restated an “overweight” rating and set a $27.00 price objective on shares of Clearwater Analytics in a research report on Monday, November 24th. Finally, Loop Capital cut Clearwater Analytics from a “buy” rating to a “hold” rating and reduced their target price for the company from $25.00 to $24.55 in a report on Monday, December 22nd. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.65.

About Clearwater Analytics

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.