Key Points
- Clearwater Analytics CTO Souvik Das sold 10,000 shares on April 8 at an average price of $24.01 for $240,100, and the transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
- The April sale is part of a string of recent disposals (including 88,848 shares on Feb. 18 and additional sales in Feb.–Mar.), cutting his stake by 4.76% to 200,109 shares valued at roughly $4.8 million.
- Clearwater shares trade around $24 (12‑month range $15.73–$25.07) with a $7.1B market cap, and analysts' consensus is an average "Hold" rating with a $26.17 target after several downgrades.
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 Wednesday, April 8th. The stock was sold at an average price of $24.01, for a total transaction of $240,100.00. Following the completion of the transaction, the chief technology officer owned 200,109 shares of the company's stock, valued at approximately $4,804,617.09. The trade was a 4.76% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Souvik Das also recently made the following trade(s):
- 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.
- On Monday, March 9th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $23.37, for a total transaction of $233,700.00.
- On Wednesday, February 18th, Souvik Das sold 88,848 shares of Clearwater Analytics stock. The stock was sold at an average price of $23.44, for a total transaction of $2,082,597.12.
- On Monday, February 9th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $23.89, for a total transaction of $238,900.00.
Clearwater Analytics Price Performance
Shares of NYSE CWAN opened at $24.04 on Tuesday. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month high of $25.07. The firm has a market cap of $7.10 billion, a P/E ratio of -171.67, a PEG ratio of 3.33 and a beta of 0.64. The company has a 50 day moving average of $23.50 and a 200 day moving average of $21.92. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.40.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on CWAN shares. Morgan Stanley restated an "equal weight" rating and issued a $24.55 price objective (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. Weiss Ratings lowered shares of Clearwater Analytics from a "hold (c)" rating to a "sell (d+)" rating in a report on Monday, February 23rd. Royal Bank Of Canada restated a "sector perform" rating and issued a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. UBS Group lowered shares of Clearwater Analytics from a "buy" rating to a "neutral" rating and decreased their target price for the company from $30.00 to $24.55 in a research note on Monday, January 26th. Finally, Oppenheimer lowered shares of Clearwater Analytics from an "outperform" rating to a "market perform" rating in a research note on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $26.17.
View Our Latest Research Report on CWAN
Institutional Investors Weigh In On Clearwater Analytics
Hedge funds and other institutional investors have recently modified their holdings of the stock. WCM Investment Management LLC purchased a new stake in shares of Clearwater Analytics in the 3rd quarter worth $11,268,000. Allspring Global Investments Holdings LLC boosted its holdings in Clearwater Analytics by 6.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,407,283 shares of the company's stock worth $42,753,000 after buying an additional 139,236 shares during the period. Paradiem LLC bought a new position in Clearwater Analytics in the 3rd quarter worth $800,000. Principal Financial Group Inc. boosted its holdings in Clearwater Analytics by 76.9% in the 3rd quarter. Principal Financial Group Inc. now owns 2,380,238 shares of the company's stock worth $42,892,000 after buying an additional 1,034,906 shares during the period. Finally, Truist Financial Corp boosted its holdings in Clearwater Analytics by 247.2% in the 3rd quarter. Truist Financial Corp now owns 62,551 shares of the company's stock worth $1,127,000 after buying an additional 44,533 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also
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].
