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 the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $24.35, for a total transaction of $243,500.00. Following the sale, the chief technology officer owned 180,109 shares of the company’s stock, valued at approximately $4,385,654.15. This represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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

CWAN traded down $0.05 during mid-day trading on Tuesday, reaching $24.35. 2,170,914 shares of the company traded hands, compared to its average volume of 7,270,240. The stock has a market capitalization of $7.27 billion, a P/E ratio of -135.24, a P/E/G ratio of 3.35 and a beta of 0.60. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average price is $24.17 and its 200-day moving average price is $23.54. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.73 and a 52-week high of $25.07.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.16 earnings per share (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 firm had revenue of $221.23 million during the quarter, compared to the consensus estimate of $214.09 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 74.4% compared to the same quarter last year. On average, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.36 EPS for the current year.

Analyst Upgrades and Downgrades

CWAN has been the subject of a number of recent research reports. DA Davidson reissued a “neutral” rating and set a $24.55 price objective on shares of Clearwater Analytics in a research report on Wednesday, May 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $24.55 price objective (down from $36.00) on shares of Clearwater Analytics in a research note on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Analytics in a research report on Friday, May 22nd. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Clearwater Analytics has a consensus rating of “Hold” and a consensus target price of $26.17.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CWAN. AQR Capital Management LLC lifted its stake in shares of Clearwater Analytics by 1,027.1% during the 1st quarter. AQR Capital Management LLC now owns 132,828 shares of the company’s stock valued at $3,560,000 after buying an additional 121,043 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Clearwater Analytics during the 1st quarter valued at $208,000. Woodline Partners LP lifted its stake in shares of Clearwater Analytics by 75.2% during the 1st quarter. Woodline Partners LP now owns 20,066 shares of the company’s stock valued at $538,000 after buying an additional 8,613 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Clearwater Analytics by 1.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 459,292 shares of the company’s stock valued at $12,309,000 after buying an additional 6,826 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Clearwater Analytics by 51.8% during the 2nd quarter. M&T Bank Corp now owns 13,164 shares of the company’s stock valued at $289,000 after buying an additional 4,492 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

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.