Clearwater Analytics (NYSE:CWAN) CTO Sells $243,500.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $24.35, for a total transaction of $243,500.00. Following the completion of the sale, the chief technology officer owned 180,109 shares of the company’s stock, valued at $4,385,654.15. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, May 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.34, for a total transaction of $243,400.00.
• On Wednesday, April 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.01, for a total transaction of $240,100.00.
• On Tuesday, March 31st, Souvik Das sold 14,686 shares of Clearwater Analytics stock. The stock was sold at an average price of $23.80, for a total transaction of $349,526.80.

Clearwater Analytics Stock Down 0.2%

CWAN traded down $0.05 on Tuesday, hitting $24.35. The company had a trading volume of 2,170,914 shares, compared to its average volume of 7,270,240. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $25.07. The stock has a fifty day simple moving average of $24.17 and a 200-day simple moving average of $23.54. The firm has a market capitalization of $7.27 billion, a P/E ratio of -135.24, a P/E/G ratio of 3.35 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The business had revenue of $221.23 million during the quarter, compared to analyst estimates of $214.09 million. During the same period last year, the business posted $0.13 earnings per share. Clearwater Analytics’s quarterly revenue was up 74.4% compared to the same quarter last year. As a group, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. DA Davidson reaffirmed a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $26.17.

Institutional Investors Weigh In On Clearwater Analytics

Several institutional investors and hedge funds have recently made changes to their positions in CWAN. Truist Financial Corp raised its stake in Clearwater Analytics by 247.2% during the 3rd quarter. Truist Financial Corp now owns 62,551 shares of the company’s stock valued at $1,127,000 after buying an additional 44,533 shares during the last quarter. Vanguard Group Inc. raised its stake in Clearwater Analytics by 21.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock valued at $599,370,000 after buying an additional 5,967,798 shares during the last quarter. Gabelli Funds LLC purchased a new stake in Clearwater Analytics during the 4th quarter valued at $7,916,000. Johnson Investment Counsel Inc. purchased a new stake in Clearwater Analytics during the 3rd quarter valued at $1,298,000. Finally, Stephens Investment Management Group LLC raised its stake in Clearwater Analytics by 18.6% during the 4th quarter. Stephens Investment Management Group LLC now owns 3,531,792 shares of the company’s stock valued at $85,187,000 after buying an additional 553,218 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

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.