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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CTO Souvik Das sold 10,000 shares of Clearwater Analytics stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $24.35, for a total transaction of $243,500.00. Following the completion of the transaction, the chief technology officer directly owned 180,109 shares of the company’s stock, valued at approximately $4,385,654.15. This trade represents a 5.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, May 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.34, for a total transaction of $243,400.00.
• On Wednesday, April 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $24.01, for a total transaction of $240,100.00.
• On Tuesday, March 31st, Souvik Das sold 14,686 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.80, for a total transaction of $349,526.80.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $24.33 on Thursday. The firm has a 50-day moving average of $24.20 and a 200-day moving average of $23.59. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $24.42. The company has a market cap of $7.26 billion, a PE ratio of -135.16, a price-to-earnings-growth ratio of 3.34 and a beta of 0.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.26 and a quick ratio of 2.26.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Clearwater Analytics had a negative net margin of 5.88% and a positive return on equity of 3.17%. The company had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. During the same quarter last year, the firm posted $0.13 EPS. The company’s quarterly revenue was up 74.4% on a year-over-year basis. As a group, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.36 earnings per share for the current year.

Institutional Trading of Clearwater Analytics

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Clearwater Analytics by 211.1% during 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 acquired a new stake in Clearwater Analytics in the 4th quarter worth about $26,000. Essex Investment Management Co. LLC raised its stake in Clearwater Analytics by 54.9% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,806 shares of the company’s stock worth $33,000 after purchasing an additional 640 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in Clearwater Analytics by 627.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,375 shares of the company’s stock worth $33,000 after purchasing an additional 1,186 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Clearwater Analytics in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

CWAN has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Royal Bank Of Canada restated a “sector perform” rating and set a $24.55 target price (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Finally, DA Davidson restated a “neutral” rating and set a $24.55 target price on shares of Clearwater Analytics in a research note on Wednesday, May 20th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Clearwater Analytics presently has an average rating of “Hold” and an average target price of $25.19.

About Clearwater Analytics

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.