Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai Sells 139,172 Shares

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the completion of the transaction, the chief executive officer now directly owns 441,724 shares of the company’s stock, valued at approximately $12,783,492.56. This trade represents a 23.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Clearwater Analytics Stock Performance

NYSE CWAN traded up $0.19 on Tuesday, reaching $29.02. The stock had a trading volume of 3,059,390 shares, compared to its average volume of 1,668,962. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The company has a market cap of $7.17 billion, a P/E ratio of 2,883.00, a price-to-earnings-growth ratio of 10.62 and a beta of 0.68. The firm has a fifty day moving average of $28.33 and a two-hundred day moving average of $23.92. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71.

Analysts Set New Price Targets

CWAN has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. Piper Sandler boosted their target price on Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their price target on Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, DA Davidson downgraded shares of Clearwater Analytics from a “buy” rating to a “neutral” rating and upped their price objective for the company from $31.00 to $35.00 in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Clearwater Analytics presently has an average rating of “Hold” and an average target price of $31.89.

Hedge Funds Weigh In On Clearwater Analytics

Several institutional investors and hedge funds have recently modified their holdings of CWAN. Price T Rowe Associates Inc. MD raised its stake in Clearwater Analytics by 38.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 43,573 shares of the company’s stock worth $771,000 after purchasing an additional 12,200 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Clearwater Analytics in the second quarter valued at approximately $355,000. Raymond James & Associates grew its position in Clearwater Analytics by 0.7% during the second quarter. Raymond James & Associates now owns 648,603 shares of the company’s stock worth $12,012,000 after buying an additional 4,602 shares in the last quarter. Bank of New York Mellon Corp grew its position in Clearwater Analytics by 66.0% during the second quarter. Bank of New York Mellon Corp now owns 956,527 shares of the company’s stock worth $17,715,000 after buying an additional 380,154 shares in the last quarter. Finally, RiverPark Advisors LLC raised its holdings in Clearwater Analytics by 33.1% in the 2nd quarter. RiverPark Advisors LLC now owns 7,140 shares of the company’s stock valued at $132,000 after acquiring an additional 1,774 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

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.