Sandeep Sahai Sells 134,130 Shares of Clearwater Analytics (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 134,130 shares of the firm’s stock in a transaction on Thursday, January 1st. The shares were sold at an average price of $24.09, for a total transaction of $3,231,191.70. Following the transaction, the chief executive officer owned 1,092,923 shares in the company, valued at $26,328,515.07. This represents a 10.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Sandeep Sahai also recently made the following trade(s):

• On Wednesday, December 31st, Sandeep Sahai sold 16,394 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.08, for a total transaction of $394,767.52.

Clearwater Analytics Stock Down 0.1%

Shares of NYSE CWAN traded down $0.03 during mid-day trading on Monday, reaching $24.09. 24,087,029 shares of the company traded hands, compared to its average volume of 22,436,082. The company’s fifty day moving average is $20.99 and its two-hundred day moving average is $20.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $32.00. The stock has a market cap of $7.05 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 3.48 and a beta of 0.66.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $203.66 million. During the same quarter in the previous year, the company earned $0.14 EPS. Clearwater Analytics’s revenue for the quarter was up 77.1% compared to the same quarter last year. On average, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Clearwater Analytics

Several institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in Clearwater Analytics by 189.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after purchasing an additional 1,024 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Clearwater Analytics by 278.9% in the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after buying an additional 1,121 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings in shares of Clearwater Analytics by 54.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock valued at $33,000 after buying an additional 640 shares during the last quarter. Bessemer Group Inc. lifted its position in Clearwater Analytics by 84.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after buying an additional 708 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Clearwater Analytics during the 3rd quarter worth about $36,000. 50.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CWAN has been the topic of several research analyst reports. Oppenheimer lowered shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $27.00 target price on shares of Clearwater Analytics in a research note on Monday, November 24th. William Blair reissued a “market perform” rating on shares of Clearwater Analytics in a research report on Monday, December 22nd. Loop Capital cut Clearwater Analytics from a “buy” rating to a “hold” rating and cut their price target for the company from $25.00 to $24.55 in a report on Monday, December 22nd. Finally, Wells Fargo & Company reduced their price objective on Clearwater Analytics from $32.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.65.

Clearwater Analytics Company Profile

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.