Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Get Free Report) CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $23.09, for a total value of $1,154,500.00. Following the sale, the chief executive officer now directly owns 876,754 shares of the company's stock, valued at approximately $20,244,249.86. This represents a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Sandeep Sahai also recently made the following trade(s):
- On Thursday, March 13th, Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $26.56, for a total value of $1,328,000.00.
- On Wednesday, February 19th, Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock. The stock was sold at an average price of $30.07, for a total value 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.
Clearwater Analytics Trading Up 1.1 %
CWAN opened at $23.37 on Wednesday. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The firm has a 50-day moving average price of $27.02 and a two-hundred day moving average price of $27.80. The stock has a market capitalization of $5.87 billion, a PE ratio of 14.08, a PEG ratio of 8.23 and a beta of 0.76. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.
Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued 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). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The firm had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. As a group, equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently commented on CWAN shares. DA Davidson upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their price target for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. UBS Group increased their target price on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Wells Fargo & Company lifted their price target on Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Royal Bank of Canada increased their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $33.80.
View Our Latest Research Report on Clearwater Analytics
Institutional Trading of Clearwater Analytics
A number of hedge funds have recently modified their holdings of the company. Abacus FCF Advisors LLC grew its holdings in shares of Clearwater Analytics by 2.8% in the 1st quarter. Abacus FCF Advisors LLC now owns 25,140 shares of the company's stock valued at $674,000 after buying an additional 682 shares during the period. CHICAGO TRUST Co NA bought a new position in Clearwater Analytics during the first quarter worth about $361,000. Portside Wealth Group LLC acquired a new position in Clearwater Analytics in the first quarter valued at about $206,000. Toth Financial Advisory Corp acquired a new position in Clearwater Analytics in the first quarter valued at about $604,000. Finally, Park Avenue Securities LLC increased its holdings in shares of Clearwater Analytics by 53.8% in the first quarter. Park Avenue Securities LLC now owns 19,305 shares of the company's stock worth $517,000 after acquiring an additional 6,757 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.
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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