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 business’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $24.01, for a total transaction of $240,100.00. Following the completion of the sale, the chief technology officer directly owned 200,109 shares of the company’s stock, valued at approximately $4,804,617.09. The trade was a 4.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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.
• On Monday, February 9th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $23.89, for a total transaction of $238,900.00.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $24.05 on Wednesday. The firm has a market cap of $7.11 billion, a PE ratio of -171.77, a PEG ratio of 3.34 and a beta of 0.64. The firm has a fifty day moving average of $23.51 and a 200 day moving average of $21.97. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.83 and a current ratio of 1.83. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $25.07.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings cut shares of Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, February 23rd. Wells Fargo & Company cut shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $27.00 to $24.55 in a research note on Thursday, January 8th. Jefferies Financial Group cut shares of Clearwater Analytics to a “hold” rating in a research note on Friday, January 16th. DA Davidson reaffirmed a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research note on Thursday, February 19th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $24.55 target price (down from $27.00) on shares of Clearwater Analytics in a research note on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Clearwater Analytics presently has a consensus rating of “Hold” and a consensus price target of $26.17.

Institutional Trading of Clearwater Analytics

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised 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 valued at $26,000 after buying an additional 720 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Clearwater Analytics in the 4th quarter valued at about $26,000. SBI Securities Co. Ltd. raised its holdings in Clearwater Analytics by 627.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock valued at $33,000 after buying an additional 1,186 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Clearwater Analytics in the 4th quarter valued at about $33,000. Finally, Private Trust Co. NA raised its holdings in Clearwater Analytics by 643.3% in the 4th quarter. Private Trust Co. NA now owns 1,546 shares of the company’s stock valued at $37,000 after buying an additional 1,338 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

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.