Insider Selling: Clearwater Analytics (NYSE:CWAN) CTO Sells $238,900.00 in Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 10,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $23.89, for a total transaction of $238,900.00. Following the transaction, the chief technology officer owned 128,230 shares in the company, valued at approximately $3,063,414.70. This represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, January 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.08, for a total value of $240,800.00.
• On Wednesday, December 31st, Souvik Das sold 5,273 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.08, for a total value of $126,973.84.
• On Thursday, January 1st, Souvik Das sold 41,594 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.09, for a total value of $1,001,999.46.
• On Monday, December 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $21.59, for a total value of $215,900.00.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $23.68 on Thursday. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $32.00. The stock’s 50-day moving average is $23.49 and its 200 day moving average is $20.80. The company has a market cap of $6.93 billion, a P/E ratio of 15.47, a PEG ratio of 3.44 and a beta of 0.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97.

Analysts Set New Price Targets

Several research firms recently commented on CWAN. William Blair reiterated a “market perform” rating on shares of Clearwater Analytics in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Clearwater Analytics in a report on Monday, December 29th. Morgan Stanley reiterated an “equal weight” rating and set a $24.55 price objective (down previously from $27.00) on shares of Clearwater Analytics in a report on Tuesday, January 27th. Loop Capital downgraded Clearwater Analytics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $25.00 to $24.55 in a research note on Monday, December 22nd. Finally, DA Davidson reiterated a “neutral” rating and issued a $24.55 price target (down from $30.00) on shares of Clearwater Analytics in a research note on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.21.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CWAN. EverSource Wealth Advisors LLC increased its holdings in Clearwater Analytics by 211.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after buying an additional 720 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Clearwater Analytics in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. increased its stake in shares of Clearwater Analytics by 627.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after acquiring an additional 1,186 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Clearwater Analytics by 278.9% during the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock worth $33,000 after purchasing an additional 1,121 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Clearwater Analytics by 84.6% during the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after purchasing an additional 708 shares during 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.