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

Clearwater Analytics Holdings, Inc. (NYSE:CWAN) CEO Sandeep Sahai sold 139,172 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $28.94, for a total transaction of $4,027,637.68. Following the sale, the chief executive officer now owns 441,724 shares in the company, valued at $12,783,492.56. The trade was a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Clearwater Analytics Trading Up 0.7 %

Shares of NYSE:CWAN traded up $0.19 during midday trading on Tuesday, hitting $29.02. 3,059,390 shares of the stock were exchanged, compared to its average volume of 1,668,962. The business’s 50-day moving average price is $28.33 and its 200 day moving average price is $23.92. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 2,883.00, a P/E/G ratio of 10.62 and a beta of 0.68.

Institutional Investors Weigh In On Clearwater Analytics

Hedge funds have recently added to or reduced their stakes in the business. Chartwell Investment Partners LLC raised its position in shares of Clearwater Analytics by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company’s stock worth $1,233,000 after acquiring an additional 395 shares during the last quarter. IHT Wealth Management LLC increased its position in Clearwater Analytics by 5.5% during the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock valued at $288,000 after purchasing an additional 598 shares during the period. Blair William & Co. IL increased its position in Clearwater Analytics by 1.6% during the 2nd quarter. Blair William & Co. IL now owns 42,436 shares of the company’s stock valued at $786,000 after purchasing an additional 680 shares during the period. Arizona State Retirement System raised its holdings in Clearwater Analytics by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 40,894 shares of the company’s stock worth $757,000 after purchasing an additional 828 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Clearwater Analytics by 38.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after purchasing an additional 995 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on CWAN shares. Piper Sandler increased their price target on shares of Clearwater Analytics from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. DA Davidson downgraded Clearwater Analytics from a “buy” rating to a “neutral” rating and raised their target price for the company from $31.00 to $35.00 in a report on Friday, November 8th. JPMorgan Chase & Co. upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Oppenheimer upped their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company lifted their target price on Clearwater Analytics from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Clearwater Analytics has a consensus rating of “Hold” and an average target price of $31.89.

Clearwater Analytics Company Profile

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.