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 Clearwater Analytics stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $23.89, for a total value of $238,900.00. Following the transaction, the chief technology officer owned 128,230 shares of the company’s stock, valued at $3,063,414.70. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 value of $240,800.00.
• On Wednesday, December 31st, Souvik Das sold 5,273 shares of Clearwater Analytics stock. The shares were 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 stock was sold at an average price of $24.09, for a total transaction of $1,001,999.46.
• On Monday, December 8th, Souvik Das sold 10,000 shares of Clearwater Analytics stock. The shares were sold at an average price of $21.59, for a total transaction of $215,900.00.

Clearwater Analytics Price Performance

Shares of CWAN opened at $23.82 on Tuesday. The company’s 50-day moving average is $23.39 and its 200-day moving average is $20.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $6.97 billion, a PE ratio of 15.57, a PEG ratio of 3.45 and a beta of 0.66. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.73 and a fifty-two week high of $32.00.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CWAN. Wells Fargo & Company cut Clearwater Analytics from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $27.00 to $24.55 in a report on Thursday, January 8th. JPMorgan Chase & Co. dropped their price target on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Royal Bank Of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Clearwater Analytics in a research note on Monday, December 22nd. Oppenheimer cut Clearwater Analytics from an “outperform” rating to a “market perform” rating in a research report on Monday, December 22nd. Finally, DA Davidson reissued a “neutral” rating and set a $24.55 target price (down previously from $30.00) on shares of Clearwater Analytics in a report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.21.

Hedge Funds Weigh In On Clearwater Analytics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CWAN. Geode Capital Management LLC lifted its position in shares of Clearwater Analytics by 6.5% during the 4th quarter. Geode Capital Management LLC now owns 6,590,192 shares of the company’s stock valued at $158,984,000 after acquiring an additional 399,581 shares during the period. Arnhold LLC acquired a new position in Clearwater Analytics in the fourth quarter valued at about $8,358,000. Legal & General Group Plc raised its stake in Clearwater Analytics by 11.9% in the fourth quarter. Legal & General Group Plc now owns 332,979 shares of the company’s stock valued at $8,031,000 after purchasing an additional 35,520 shares in the last quarter. Swedbank AB bought a new stake in Clearwater Analytics during the fourth quarter worth about $14,472,000. Finally, EverSource Wealth Advisors LLC grew its stake in Clearwater Analytics by 211.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,061 shares of the company’s stock worth $26,000 after buying an additional 720 shares in the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

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.