Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sells $957,000.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $19.14, for a total transaction of $957,000.00. Following the completion of the transaction, the chief executive officer now owns 34,450 shares in the company, valued at approximately $659,373. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, August 4th, Sandeep Sahai sold 1,625 shares of Clearwater Analytics stock. The shares were sold at an average price of $18.00, for a total transaction of $29,250.00.

Clearwater Analytics Stock Down 0.8 %

CWAN stock traded down $0.16 during trading on Tuesday, hitting $19.24. 258,748 shares of the stock traded hands, compared to its average volume of 624,425. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.29 and a quick ratio of 6.29. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of -176.36 and a beta of 0.44. Clearwater Analytics Holdings, Inc. has a 1 year low of $13.02 and a 1 year high of $20.00. The firm’s 50 day moving average is $17.52 and its two-hundred day moving average is $16.28.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $89.88 million during the quarter, compared to the consensus estimate of $87.59 million. Clearwater Analytics had a negative net margin of 6.35% and a positive return on equity of 0.24%. On average, sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CWAN shares. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price target on shares of Clearwater Analytics in a report on Friday, September 8th. The Goldman Sachs Group raised their price target on Clearwater Analytics from $14.00 to $16.00 and gave the stock a “sell” rating in a research note on Thursday, August 3rd. Piper Sandler reissued a “neutral” rating and set a $17.00 price objective on shares of Clearwater Analytics in a research report on Thursday, August 3rd. Morgan Stanley raised their target price on shares of Clearwater Analytics from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Finally, Wells Fargo & Company boosted their price target on shares of Clearwater Analytics from $19.00 to $22.00 in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Salem Investment Counselors Inc. boosted its holdings in Clearwater Analytics by 2.3% in the fourth quarter. Salem Investment Counselors Inc. now owns 24,050 shares of the company’s stock worth $451,000 after purchasing an additional 550 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Clearwater Analytics by 35.3% during the 1st quarter. Captrust Financial Advisors now owns 2,663 shares of the company’s stock valued at $56,000 after buying an additional 695 shares during the period. Fifth Third Bancorp grew its holdings in shares of Clearwater Analytics by 67.5% in the first quarter. Fifth Third Bancorp now owns 1,732 shares of the company’s stock worth $28,000 after acquiring an additional 698 shares during the period. Osaic Holdings Inc. increased its position in Clearwater Analytics by 9.6% during the second quarter. Osaic Holdings Inc. now owns 8,923 shares of the company’s stock valued at $142,000 after acquiring an additional 778 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in Clearwater Analytics by 2.2% in the second quarter. Natixis Advisors L.P. now owns 41,113 shares of the company’s stock valued at $652,000 after acquiring an additional 896 shares during the period. 50.10% of the stock is owned by institutional investors.

About Clearwater Analytics

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.