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 that occurred on Monday, March 9th. The shares were sold at an average price of $23.37, for a total transaction of $233,700.00. Following the completion of the sale, the chief technology officer owned 197,132 shares in the company, valued at $4,606,974.84. This trade represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

Clearwater Analytics Stock Down 0.9%

Shares of NYSE CWAN traded down $0.22 during mid-day trading on Tuesday, hitting $23.17. The company had a trading volume of 6,653,902 shares, compared to its average volume of 12,340,768. The company has a market capitalization of $6.85 billion, a PE ratio of -165.49, a price-to-earnings-growth ratio of 3.26 and a beta of 0.67. The firm has a 50-day simple moving average of $23.79 and a two-hundred day simple moving average of $21.25. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.40. Clearwater Analytics Holdings, Inc. has a one year low of $15.73 and a one year high of $28.18.

Institutional Trading of Clearwater Analytics

Several institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of Clearwater Analytics by 211.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock valued at $26,000 after buying an additional 720 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Clearwater Analytics during the 4th quarter worth approximately $26,000. Versant Capital Management Inc increased its holdings in shares of Clearwater Analytics by 189.3% during the 3rd quarter. Versant Capital Management Inc now owns 1,565 shares of the company’s stock worth $28,000 after acquiring an additional 1,024 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Clearwater Analytics by 278.9% in the 2nd 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 period. Finally, 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 valued at $33,000 after acquiring an additional 640 shares during the period. Institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $24.55 price target (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. William Blair reissued a “market perform” rating on shares of Clearwater Analytics in a report on Monday, December 22nd. UBS Group cut shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $24.55 in a research note on Monday, January 26th. Wells Fargo & Company downgraded shares of Clearwater Analytics from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $27.00 to $24.55 in a report on Thursday, January 8th. Finally, Warburg Research set a $24.55 price target on shares of Clearwater Analytics in a research report on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.17.

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.