Clearwater Analytics (NYSE:CWAN) CTO Souvik Das Sells 10,000 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $24.08, for a total value of $240,800.00. Following the completion of the transaction, the chief technology officer owned 138,230 shares in the company, valued at $3,328,578.40. The trade was a 6.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

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

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock traded down $0.04 on Monday, reaching $24.10. 13,258,789 shares of the stock were exchanged, compared to its average volume of 14,673,521. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $7.05 billion, a PE ratio of 15.75, a P/E/G ratio of 3.49 and a beta of 0.66. The firm’s 50 day moving average is $21.54 and its 200-day moving average is $20.46. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $32.00.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $205.11 million during the quarter, compared to the consensus estimate of $203.66 million. Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The business’s revenue was up 77.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. As a group, analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday, December 29th. Morgan Stanley reissued an “overweight” rating and set a $27.00 price objective on shares of Clearwater Analytics in a report on Monday, November 24th. UBS Group lowered their target price on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Oppenheimer downgraded Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Finally, Wall Street Zen cut Clearwater Analytics from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.42.

Institutional Investors Weigh In On Clearwater Analytics

Institutional investors have recently modified their holdings of the company. First Bank & Trust bought a new stake in Clearwater Analytics during the fourth quarter valued at $223,000. Congress Asset Management Co. lifted its stake in shares of Clearwater Analytics by 18.8% in the 4th quarter. Congress Asset Management Co. now owns 839,499 shares of the company’s stock valued at $20,249,000 after purchasing an additional 132,569 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Clearwater Analytics during the 4th quarter valued at about $314,000. Tealwood Asset Management Inc. acquired a new stake in Clearwater Analytics during the fourth quarter worth approximately $1,498,000. Finally, GAMMA Investing LLC grew its stake in Clearwater Analytics by 241.6% during the fourth quarter. GAMMA Investing LLC now owns 1,578 shares of the company’s stock worth $38,000 after purchasing an additional 1,116 shares during the period. 50.10% of the stock is owned by institutional investors.

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.