Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $26.56, for a total transaction of $1,328,000.00. Following the completion of the transaction, the chief executive officer now owns 857,798 shares of the company's stock, valued at $22,783,114.88. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Sandeep Sahai also recently made the following trade(s):
- On Wednesday, February 19th, Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock. The shares were sold at an average price of $30.07, for a total transaction of $6,575,918.09.
- On Thursday, February 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $27.63, for a total transaction of $1,381,500.00.
- On Monday, January 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $25.89, for a total transaction of $1,294,500.00.
Clearwater Analytics Stock Performance
NYSE CWAN opened at $26.88 on Friday. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm's fifty day moving average price is $28.33 and its two-hundred day moving average price is $27.68. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The firm has a market capitalization of $6.75 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69.
Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. As a group, research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.
Analyst Ratings Changes
Several research analysts have recently weighed in on CWAN shares. Morgan Stanley reiterated an "overweight" rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Piper Sandler upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. UBS Group increased their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Oppenheimer increased their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada increased their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Clearwater Analytics presently has an average rating of "Moderate Buy" and an average price target of $33.80.
Read Our Latest Report on Clearwater Analytics
Hedge Funds Weigh In On Clearwater Analytics
Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after purchasing an additional 468 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Clearwater Analytics by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock valued at $469,000 after purchasing an additional 502 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Clearwater Analytics by 11.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock valued at $142,000 after purchasing an additional 521 shares during the period. IHT Wealth Management LLC raised its position in shares of Clearwater Analytics by 5.5% in the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company's stock valued at $288,000 after purchasing an additional 598 shares during the period. Finally, Summit Creek Advisors LLC raised its position in shares of Clearwater Analytics by 0.3% in the fourth quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock valued at $7,844,000 after purchasing an additional 833 shares during the period. 50.10% of the stock is owned by institutional investors.
About Clearwater Analytics
(
Get Free Report)
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.
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