Insider Selling: Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sells 50,000 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the transaction, the chief executive officer now owns 615,855 shares of the company’s stock, valued at approximately $15,944,485.95. This represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, December 9th, Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68.

Clearwater Analytics Stock Performance

NYSE CWAN traded up $0.57 on Wednesday, hitting $27.02. 107,621 shares of the stock traded hands, compared to its average volume of 1,982,410. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The business’s fifty day moving average is $29.35 and its two-hundred day moving average is $25.56. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 2,704.70, a PEG ratio of 10.56 and a beta of 0.72.

Institutional Investors Weigh In On Clearwater Analytics

Institutional investors have recently added to or reduced their stakes in the business. Park Avenue Securities LLC purchased a new stake in shares of Clearwater Analytics during the 4th quarter valued at approximately $345,000. GAMMA Investing LLC boosted its stake in Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after purchasing an additional 468 shares during the period. Principal Financial Group Inc. grew its holdings in Clearwater Analytics by 348.3% during the 3rd quarter. Principal Financial Group Inc. now owns 84,793 shares of the company’s stock valued at $2,141,000 after buying an additional 65,878 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Clearwater Analytics by 30.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,126 shares of the company’s stock valued at $533,000 after buying an additional 4,923 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Clearwater Analytics by 43.0% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 62,178 shares of the company’s stock worth $1,570,000 after buying an additional 18,712 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Royal Bank of Canada lowered their target price on Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday. Oppenheimer lifted their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price target for the company from $23.00 to $33.00 in a research report on Thursday, November 7th. Finally, DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $35.00 to $32.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.89.

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.