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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 10,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $23.37, for a total value of $233,700.00. Following the completion of the transaction, the chief technology officer owned 197,132 shares in the company, valued at approximately $4,606,974.84. The trade was a 4.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Wednesday, February 18th, Souvik Das sold 88,848 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.44, for a total value of $2,082,597.12.
• On Monday, February 9th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.89, for a total value of $238,900.00.
• On Thursday, January 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The stock was sold at an average price of $24.08, for a total value of $240,800.00.
• 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 value of $126,973.84.
• On Thursday, January 1st, Souvik Das sold 41,594 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.09, for a total transaction of $1,001,999.46.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $23.17 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $23.78 and a two-hundred day simple moving average of $21.26. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $28.18. The firm has a market capitalization of $6.85 billion, a PE ratio of -165.49, a price-to-earnings-growth ratio of 3.25 and a beta of 0.67.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Oppenheimer lowered shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Loop Capital lowered Clearwater Analytics from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $25.00 to $24.55 in a report on Monday, December 22nd. UBS Group downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $30.00 to $24.55 in a research note on Monday, January 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a research report on Wednesday, February 25th. Finally, Jefferies Financial Group downgraded Clearwater Analytics to a “hold” rating in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Hold” and a consensus target price of $26.17.

Institutional Investors Weigh In On Clearwater Analytics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Clearwater Analytics by 211.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after buying an additional 720 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Clearwater Analytics in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc grew its holdings in shares of Clearwater Analytics by 189.3% in the third quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock valued at $28,000 after acquiring an additional 1,024 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Clearwater Analytics by 278.9% during the second quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after acquiring an additional 1,121 shares during the last quarter. Finally, Essex Investment Management Co. LLC lifted its holdings in Clearwater Analytics by 54.9% during the third quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after acquiring an additional 640 shares during the period. Hedge funds and other institutional investors own 50.10% of the company’s stock.

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.