Key Points
- Clearwater Analytics CTO Souvik Das sold 10,000 shares on May 8 at an average price of $24.34, for proceeds of $243,400. After the sale, he still owned 190,109 shares, and the transaction reduced his stake by 5%.
- Das has been a frequent seller recently, with additional sales reported in April, March, and February, including a much larger 88,848-share sale on Feb. 18 worth about $2.08 million.
- The company’s latest earnings beat revenue expectations, posting EPS of $0.16 in line with estimates and revenue of $221.23 million, up 74.4% year over year. Analysts currently rate the stock a consensus “Hold” with an average price target of $26.17.
Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CTO Souvik Das sold 10,000 shares of the business's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $24.34, for a total transaction of $243,400.00. Following the transaction, the chief technology officer owned 190,109 shares in the company, valued at approximately $4,627,253.06. This trade represents a 5.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Souvik Das also recently made the following trade(s):
- 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.
- 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.
Clearwater Analytics Trading Up 0.1%
Shares of Clearwater Analytics stock opened at $24.39 on Tuesday. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $25.07. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.39. The company's 50-day simple moving average is $23.77 and its 200-day simple moving average is $22.71. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of -135.46, a price-to-earnings-growth ratio of 3.41 and a beta of 0.61.
Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $214.09 million. During the same period in the previous year, the business posted $0.13 earnings per share. The business's revenue was up 74.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current year.
Institutional Trading of Clearwater Analytics
A number of institutional investors have recently added to or reduced their stakes in the stock. WCM Investment Management LLC purchased a new stake in shares of Clearwater Analytics in the third quarter valued at about $11,268,000. Principal Financial Group Inc. lifted its holdings in shares of Clearwater Analytics by 76.9% in the third quarter. Principal Financial Group Inc. now owns 2,380,238 shares of the company's stock valued at $42,892,000 after purchasing an additional 1,034,906 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Clearwater Analytics by 247.2% in the third quarter. Truist Financial Corp now owns 62,551 shares of the company's stock valued at $1,127,000 after purchasing an additional 44,533 shares in the last quarter. Summit Creek Advisors LLC lifted its holdings in shares of Clearwater Analytics by 14.7% in the third quarter. Summit Creek Advisors LLC now owns 379,156 shares of the company's stock valued at $6,832,000 after purchasing an additional 48,523 shares in the last quarter. Finally, Johnson Investment Counsel Inc. purchased a new stake in shares of Clearwater Analytics in the third quarter valued at about $1,298,000. Hedge funds and other institutional investors own 50.10% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. DA Davidson reiterated a "neutral" rating and set a $24.55 price target on shares of Clearwater Analytics in a research note on Thursday, February 19th. Weiss Ratings downgraded shares of Clearwater Analytics from a "hold (c)" rating to a "sell (d+)" rating in a report on Monday, February 23rd. Morgan Stanley reissued an "equal weight" rating and set a $24.55 price objective (down from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. UBS Group downgraded shares of Clearwater Analytics from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $30.00 to $24.55 in a report on Monday, January 26th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Clearwater Analytics has an average rating of "Hold" and a consensus target price of $26.17.
Read Our Latest Stock Report on Clearwater Analytics
Clearwater Analytics Company Profile
(
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.
Further Reading
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