Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Get Free Report) CTO Souvik Das sold 10,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $24.34, for a total value of $243,400.00. Following the completion of the transaction, the chief technology officer directly owned 190,109 shares in the company, valued at approximately $4,627,253.06. The trade was a 5.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 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.
- On Monday, March 9th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.37, for a total value of $233,700.00.
- On Wednesday, February 18th, Souvik Das sold 88,848 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.44, for a total value of $2,082,597.12.
Clearwater Analytics Stock Performance
Shares of NYSE CWAN opened at $24.34 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of -135.19, a P/E/G ratio of 3.52 and a beta of 0.61. The business’s 50-day simple moving average is $23.81 and its 200-day simple moving average is $22.78. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $25.07.
Analysts Set New Price Targets
A number of analysts have issued reports on CWAN shares. DA Davidson reaffirmed a “neutral” rating and issued a $24.55 target price on shares of Clearwater Analytics in a report on Thursday, February 19th. Weiss Ratings downgraded Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. Royal Bank Of Canada restated a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Jefferies Financial Group downgraded Clearwater Analytics to a “hold” rating in a research report on Friday, January 16th. Finally, UBS Group cut Clearwater Analytics from a “buy” rating to a “neutral” rating and dropped their price target for the company from $30.00 to $24.55 in a report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.17.
View Our Latest Stock Report on CWAN
Institutional Investors Weigh In On Clearwater Analytics
A number of institutional investors have recently made changes to their positions in CWAN. Starboard Value LP acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth $240,212,000. Wellington Management Group LLP lifted its holdings in Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock worth $320,642,000 after acquiring an additional 9,268,950 shares in the last quarter. Norges Bank bought a new position in Clearwater Analytics during the fourth quarter worth about $184,271,000. Vanguard Group Inc. lifted its holdings in Clearwater Analytics by 21.9% during the third quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after acquiring an additional 5,967,798 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in Clearwater Analytics by 1,757.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,487,790 shares of the company’s stock valued at $84,125,000 after acquiring an additional 3,300,037 shares in the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.
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.
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