Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai Sells 50,000 Shares of Stock

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00. Following the completion of the sale, the chief executive officer now directly owns 615,855 shares of the company’s stock, valued at approximately $15,944,485.95. This trade represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sandeep Sahai also recently made the following trade(s):

• On Monday, December 9th, Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock. The stock was sold at an average price of $28.94, for a total transaction of $4,027,637.68.

Clearwater Analytics Price Performance

Shares of CWAN opened at $26.89 on Thursday. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. The stock has a market capitalization of $6.64 billion, a P/E ratio of 2,691.69, a P/E/G ratio of 10.56 and a beta of 0.72. The company has a 50 day moving average of $29.31 and a 200-day moving average of $25.56.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Seven Eight Capital LP acquired a new position in shares of Clearwater Analytics during the 2nd quarter worth about $1,797,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Clearwater Analytics in the third quarter valued at approximately $3,677,000. Loomis Sayles & Co. L P grew its stake in Clearwater Analytics by 11.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock valued at $83,186,000 after purchasing an additional 327,880 shares in the last quarter. Swiss National Bank raised its stake in shares of Clearwater Analytics by 8.5% during the 3rd quarter. Swiss National Bank now owns 312,900 shares of the company’s stock worth $7,901,000 after purchasing an additional 24,600 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Clearwater Analytics in the 3rd quarter valued at approximately $523,000. Institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Piper Sandler boosted their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their price target on Clearwater Analytics from $20.00 to $22.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price objective for the company from $35.00 to $32.00 in a report on Tuesday. Morgan Stanley increased their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada cut their price target on shares of Clearwater Analytics from $36.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.89.

About Clearwater Analytics

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.