Clearwater Analytics (NYSE:CWAN) CTO Sells 10,000 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $23.89, for a total value of $238,900.00. Following the completion of the sale, the chief technology officer directly owned 128,230 shares in the company, valued at $3,063,414.70. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, January 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.08, for a total value of $240,800.00.
• On Wednesday, December 31st, Souvik Das sold 5,273 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.08, for a total value of $126,973.84.
• On Thursday, January 1st, Souvik Das sold 41,594 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.09, for a total transaction of $1,001,999.46.
• 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 value of $215,900.00.

Clearwater Analytics Trading Down 0.1%

Clearwater Analytics stock traded down $0.03 during mid-day trading on Monday, hitting $23.82. 6,116,549 shares of the stock were exchanged, compared to its average volume of 15,719,575. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 3.45 and a beta of 0.66. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $32.00. 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 firm’s fifty day simple moving average is $23.39 and its two-hundred day simple moving average is $20.77.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a research report on Tuesday, January 27th. DA Davidson reissued a “neutral” rating and issued a $24.55 price target (down previously from $30.00) on shares of Clearwater Analytics in a research report on Friday, January 16th. JPMorgan Chase & Co. reduced their price objective on shares of Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. UBS Group downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $30.00 to $24.55 in a research note on Monday, January 26th. Finally, Loop Capital downgraded Clearwater Analytics from a “buy” rating to a “hold” rating and decreased their price target for the stock from $25.00 to $24.55 in a report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.21.

Institutional Trading of Clearwater Analytics

A number of hedge funds and other institutional investors have recently made changes to their positions in CWAN. AQR Capital Management LLC lifted its holdings in Clearwater Analytics by 1,027.1% in the first quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock worth $3,560,000 after buying an additional 121,043 shares during the period. Integrated Wealth Concepts LLC bought a new position in Clearwater Analytics during the 1st quarter valued at about $208,000. Woodline Partners LP lifted its position in Clearwater Analytics by 75.2% during the first quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock valued at $538,000 after purchasing an additional 8,613 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Clearwater Analytics by 1.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock worth $12,309,000 after purchasing an additional 6,826 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its stake in Clearwater Analytics by 18.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 48,776 shares of the company’s stock valued at $1,070,000 after buying an additional 7,476 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors.

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.