Souvik Das Sells 10,000 Shares of Clearwater Analytics (NYSE:CWAN) Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 10,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $24.34, for a total transaction of $243,400.00. Following the sale, the chief technology officer directly owned 190,109 shares of the company’s stock, valued at $4,627,253.06. The trade was a 5.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 Price Performance

Shares of Clearwater Analytics stock traded up $0.04 during trading hours on Monday, reaching $24.39. 4,886,039 shares of the company’s stock were exchanged, compared to its average volume of 8,341,758. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $25.07. The company has a market capitalization of $7.21 billion, a P/E ratio of -135.46, a price-to-earnings-growth ratio of 3.41 and a beta of 0.61. The business has a fifty day moving average of $23.74 and a two-hundred day moving average of $22.63. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.39.

Clearwater Analytics (NYSE:CWAN) last released its 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 during the quarter, compared to analyst estimates of $214.09 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was up 74.4% compared to the same quarter last year. As a group, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. WCM Investment Management LLC acquired a new position in Clearwater Analytics in the third quarter valued at about $11,268,000. Principal Financial Group Inc. lifted its position in 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 buying an additional 1,034,906 shares during the last quarter. Truist Financial Corp lifted its position in 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 buying an additional 44,533 shares during the last quarter. Summit Creek Advisors LLC lifted its position in 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 buying an additional 48,523 shares during the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new position in Clearwater Analytics in the third quarter valued at about $1,298,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Analyst Ratings Changes

CWAN has been the subject of a number of analyst reports. UBS Group lowered shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $24.55 in a report on Monday, January 26th. DA Davidson reissued a “neutral” rating and issued a $24.55 price objective on shares of Clearwater Analytics in a report on Thursday, February 19th. Jefferies Financial Group lowered shares of Clearwater Analytics to a “hold” rating in a report on Friday, January 16th. Morgan Stanley reissued 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. Finally, Weiss Ratings lowered shares of Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Clearwater Analytics presently has an average rating of “Hold” and a consensus price target of $26.17.

About Clearwater Analytics

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.