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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $24.35, for a total value of $243,500.00. Following the completion of the transaction, the chief technology officer owned 180,109 shares of the company’s stock, valued at $4,385,654.15. This represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Souvik Das also recently made the following trade(s):

• On Friday, May 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.34, for a total value of $243,400.00.
• On Wednesday, April 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.01, for a total value of $240,100.00.
• On Tuesday, March 31st, Souvik Das sold 14,686 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.80, for a total value of $349,526.80.

Clearwater Analytics Trading Down 0.2%

NYSE:CWAN opened at $24.35 on Wednesday. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.73 and a twelve month 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 business has a 50 day moving average price of $24.19 and a two-hundred day moving average price of $23.56. The company has a market cap of $7.27 billion, a P/E ratio of -135.24, a price-to-earnings-growth ratio of 3.35 and a beta of 0.60.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Clearwater Analytics had a positive return on equity of 3.17% and a negative net margin of 5.88%.The firm had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The business’s revenue was up 74.4% on a year-over-year basis. As a group, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Clearwater Analytics

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in shares of Clearwater Analytics by 211.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after purchasing an additional 720 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Clearwater Analytics during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. raised its stake in shares of Clearwater Analytics by 627.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after purchasing an additional 1,186 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Clearwater Analytics during the 4th quarter worth approximately $33,000. Finally, Private Trust Co. NA raised its stake in shares of Clearwater Analytics by 643.3% during the 4th quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock worth $37,000 after purchasing an additional 1,338 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CWAN shares. DA Davidson reaffirmed a “neutral” rating and set a $24.55 price target on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.17.

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.