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BOISE, Idaho—Sandeep Sahai, the Chief Executive Officer of Clearwater Analytics Holdings , Inc. (NYSE:CWAN), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Sahai sold 50,000 shares of Class A Common Stock on April 14, 2025. The shares were sold at a weighted average price of $23.09, resulting in a total transaction value of approximately $1.15 million. The transaction comes as the stock, currently valued at $5.8 billion by market cap, has seen a 43% gain over the past year despite a 16% decline year-to-date.
The sale was conducted under a Rule 10b5-1 trading plan, which Sahai adopted on September 9, 2024. The shares were sold in multiple transactions at prices ranging from $22.78 to $23.77.
In addition to the sale, Sahai also exercised stock options to acquire 112,516 shares at a price of $4.40 per share, totaling approximately $495,070. Furthermore, 62,516 shares were withheld to cover tax obligations related to the exercise of stock options, valued at around $1.44 million at the price of $23.09 per share.
Following these transactions, Sahai now directly owns 876,754 shares of Clearwater Analytics. With the company trading at a P/E ratio of 16x and set to report earnings on April 30, 2025, investors can access comprehensive valuation analysis and 10+ additional exclusive insights through InvestingPro’s detailed research report.
In other recent news, Clearwater Analytics Holdings has announced plans to acquire Beacon Platform and Bistro for a total of $685 million. This acquisition is part of Clearwater’s strategy to enhance its investment management platform. The company will spend approximately $560 million on Beacon, which specializes in cross-asset class modeling and risk analytics, and $125 million on Bistro, a portfolio visualization software. These acquisitions are set to be funded through a combination of Clearwater’s existing resources, including an $800 million term loan and cash reserves.
DA Davidson has maintained its Buy rating for Clearwater, with a price target of $36.00, expressing confidence in the company’s growth trajectory and the positive impact of these acquisitions. Similarly, Oppenheimer has reiterated an Outperform rating with a $40.00 price target, highlighting Clearwater’s business momentum and strategic initiatives. The analysts at Oppenheimer also pointed out the potential for Clearwater to surpass expectations and improve its financial guidance in the near future.
These recent developments underscore Clearwater’s commitment to expanding its capabilities and market position. The integration of Beacon and Bistro is expected to create a unique offering in the investment management technology sector, potentially streamlining operations for global investment managers. Investors are closely monitoring Clearwater’s progress as it embarks on this ambitious expansion phase.
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