Clearwater Analytics (NYSE:CWAN) Insider Subi Sethi Sells 19,858 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWANGet Free Report) insider Subi Sethi sold 19,858 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $23.80, for a total value of $472,620.40. Following the sale, the insider directly owned 388,256 shares in the company, valued at $9,240,492.80. This trade represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Subi Sethi also recently made the following trade(s):

  • On Wednesday, February 18th, Subi Sethi sold 76,689 shares of Clearwater Analytics stock. The shares were sold at an average price of $23.44, for a total transaction of $1,797,590.16.

Clearwater Analytics Price Performance

Shares of CWAN stock traded up $0.01 on Thursday, reaching $23.80. The company’s stock had a trading volume of 3,977,279 shares, compared to its average volume of 10,208,298. The stock’s fifty day simple moving average is $23.54 and its 200-day simple moving average is $21.61. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $26.94. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of -169.95, a price-to-earnings-growth ratio of 3.28 and a beta of 0.64. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40.

Institutional Investors Weigh In On Clearwater Analytics

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Clearwater Analytics by 21.9% in the 3rd quarter. Vanguard Group Inc. now owns 33,261,349 shares of the company’s stock worth $599,370,000 after acquiring an additional 5,967,798 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Clearwater Analytics by 108.7% during the third quarter. Wellington Management Group LLP now owns 17,793,701 shares of the company’s stock valued at $320,642,000 after acquiring an additional 9,268,950 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Clearwater Analytics by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,715,837 shares of the company’s stock valued at $330,827,000 after purchasing an additional 1,459,150 shares during the period. Starboard Value LP purchased a new stake in shares of Clearwater Analytics in the fourth quarter valued at approximately $240,212,000. Finally, Wasatch Advisors LP grew its stake in Clearwater Analytics by 3.0% in the second quarter. Wasatch Advisors LP now owns 9,567,391 shares of the company’s stock worth $209,813,000 after purchasing an additional 274,664 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. William Blair restated a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. Oppenheimer downgraded shares of Clearwater Analytics from an “outperform” rating to a “market perform” rating in a report on Monday, December 22nd. Weiss Ratings lowered Clearwater Analytics from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, February 23rd. UBS Group cut Clearwater Analytics from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $24.55 in a research note on Monday, January 26th. Finally, Wells Fargo & Company downgraded Clearwater Analytics from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $27.00 to $24.55 in a research report on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Clearwater Analytics has an average rating of “Hold” and a consensus target price of $26.17.

View Our Latest Analysis on Clearwater Analytics

Clearwater Analytics News Roundup

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Clearwater Analytics Company Profile

(Get Free Report)

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.

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