Key Points
- CTO Souvik Das sold 10,000 Clearwater Analytics shares on Dec. 8 at an average price of $21.59 for $215,900, reducing his stake by 9.42% to 96,186 shares (worth about $2.08M).
- Clearwater reported $0.14 EPS (missing estimates by $0.02) and revenue of $205.11M—up 77.1% year‑over‑year—with a reported net margin of 61.28%.
- The board approved a $100 million share buyback (up to ~1.7% of shares) while large institutions like Vanguard and Wellington materially increased their positions, leaving institutional ownership at about 50.1%.
Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CTO Souvik Das sold 10,000 shares of the business's stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $21.59, for a total value of $215,900.00. Following the completion of the sale, the chief technology officer owned 96,186 shares in the company, valued at $2,076,655.74. The trade was a 9.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Souvik Das also recently made the following trade(s):
- On Tuesday, September 30th, Souvik Das sold 5,327 shares of Clearwater Analytics stock. The stock was sold at an average price of $17.68, for a total transaction of $94,181.36.
Clearwater Analytics Price Performance
NYSE CWAN opened at $20.93 on Wednesday. The firm's 50 day moving average is $19.23 and its 200-day moving average is $20.35. 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 company has a market capitalization of $6.12 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 5.73 and a beta of 0.67. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.73 and a 12-month high of $32.00.
Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The business had revenue of $205.11 million during the quarter, compared to the consensus estimate of $203.66 million. During the same period last year, the business posted $0.14 EPS. The firm's revenue for the quarter was up 77.1% on a year-over-year basis. Equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.
Clearwater Analytics declared that its board has approved a share buyback program on Wednesday, September 3rd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 1.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on CWAN. Wall Street Zen downgraded Clearwater Analytics from a "hold" rating to a "sell" rating in a research report on Saturday, November 22nd. Wells Fargo & Company decreased their price target on Clearwater Analytics from $32.00 to $27.00 and set an "overweight" rating for the company in a research note on Thursday, November 6th. DA Davidson reiterated a "buy" rating and set a $30.00 price objective on shares of Clearwater Analytics in a research note on Tuesday, November 18th. Morgan Stanley reissued an "overweight" rating and issued a $27.00 price objective on shares of Clearwater Analytics in a report on Monday, November 24th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Clearwater Analytics in a report on Monday. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $29.56.
View Our Latest Stock Analysis on Clearwater Analytics
Hedge Funds Weigh In On Clearwater Analytics
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Clearwater Analytics by 21.9% during the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company's stock worth $599,370,000 after buying an additional 5,967,798 shares during the last quarter. Wellington Management Group LLP lifted its position in Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company's stock worth $320,642,000 after acquiring an additional 9,268,950 shares during the last quarter. Wasatch Advisors LP lifted its position in Clearwater Analytics by 3.0% during the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company's stock worth $209,813,000 after acquiring an additional 274,664 shares during the last quarter. Bamco Inc. NY boosted its holdings in shares of Clearwater Analytics by 25.9% during the third quarter. Bamco Inc. NY now owns 7,675,038 shares of the company's stock worth $138,304,000 after acquiring an additional 1,580,323 shares during the period. Finally, Blair William & Co. IL grew its position in shares of Clearwater Analytics by 83.5% in the third quarter. Blair William & Co. IL now owns 7,134,647 shares of the company's stock valued at $128,566,000 after purchasing an additional 3,245,986 shares during the last quarter. 50.10% of the stock is owned by institutional investors.
About Clearwater Analytics
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
