Key Points
- Souvik Das, Clearwater Analytics’ CTO, sold 10,000 shares on Jan. 8 at an average price of $24.08 for $240,800, leaving him with 138,230 shares and reducing his ownership by 6.75%.
- Those sales follow other recent disposals (Dec. 8, Dec. 31 and Jan. 1) bringing total recent sales to about 66,867 shares for ~$1.59M“Moderate Buy” analyst consensus with an average target of $28.42.
Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $24.08, for a total transaction of $240,800.00. Following the sale, the chief technology officer directly owned 138,230 shares in the company, valued at $3,328,578.40. This trade represents a 6.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Souvik Das also recently made the following trade(s):
- 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 transaction of $126,973.84.
- On Thursday, January 1st, Souvik Das sold 41,594 shares of Clearwater Analytics stock. The stock was 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%
NYSE CWAN opened at $24.10 on Tuesday. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 3.49 and a beta of 0.66. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve 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 business's fifty day moving average is $21.66 and its 200 day moving average is $20.47.
Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.The firm had revenue of $205.11 million during the quarter, compared to analyst estimates of $203.66 million. During the same period in the previous year, the company earned $0.14 EPS. Clearwater Analytics's revenue for the quarter was up 77.1% on a year-over-year basis. As a group, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Morgan Stanley reissued an "overweight" rating and set a $27.00 target price on shares of Clearwater Analytics in a report on Monday, November 24th. JPMorgan Chase & Co. reduced their price objective on shares of Clearwater Analytics from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Thursday, November 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $36.00 target price on shares of Clearwater Analytics in a research report on Monday, December 22nd. Warburg Research set a $24.55 price target on Clearwater Analytics in a research report on Monday, December 22nd. Finally, Wall Street Zen cut Clearwater Analytics from a "hold" rating to a "sell" rating in a research note on Saturday, November 22nd. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $28.42.
Read Our Latest Stock Report on Clearwater Analytics
Institutional Trading of Clearwater Analytics
A number of large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. raised its position in shares of Clearwater Analytics by 278.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company's stock worth $33,000 after acquiring an additional 1,121 shares in the last quarter. Bessemer Group Inc. increased 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 in the last quarter. Versant Capital Management Inc increased its holdings in Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company's stock worth $28,000 after purchasing an additional 1,024 shares in the last quarter. GAMMA Investing LLC lifted its stake in Clearwater Analytics by 241.6% in the fourth quarter. GAMMA Investing LLC now owns 1,578 shares of the company's stock valued at $38,000 after buying an additional 1,116 shares during the period. Finally, Essex Investment Management Co. LLC boosted its holdings in shares of Clearwater Analytics by 54.9% during the 3rd quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company's stock worth $33,000 after buying an additional 640 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.
About Clearwater Analytics
(
Get Free Report)
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.
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