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Clearwater Analytics Holdings , Inc. (NYSE:CWAN), a $6.9 billion market cap company, saw its Chief Executive Officer Sandeep Sahai recently sell a significant portion of his holdings. According to a recent SEC filing, Sahai sold 50,000 shares of Class A Common Stock on February 13, 2025. The shares were sold at an average price of $27.63, resulting in a total transaction value of approximately $1.38 million. The stock currently trades near analyst targets, ranging from $28 to $40 per share.
The sale was conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stock. This can help avoid any allegations of insider trading. The shares were sold in multiple trades at prices ranging from $27.29 to $27.81.
In addition to the sale, Sahai also exercised stock options to acquire 108,325 shares at a price of $4.40 per share, totaling $476,630. These transactions are part of routine financial planning and are not necessarily indicative of the CEO's outlook on the company's future performance.
Following these transactions, Sahai's direct ownership in Clearwater Analytics now stands at 615,855 shares. The company, headquartered in Boise, Idaho, specializes in providing software solutions for investment accounting and reporting.
In other recent news, Clearwater Analytics has been making significant strides. The company recently entered into a partnership with Security Mutual Group to enhance its investment analytics capabilities, aiming to improve performance attribution, risk analysis, and decision-making processes. This partnership is expected to boost Clearwater's advanced analytics, facilitating a deeper understanding of performance drivers.
In a separate development, Clearwater announced its intention to acquire Enfusion, an investment management software vendor. This strategic move is anticipated to propel Clearwater's technology roadmap forward, according to DA Davidson analyst Peter Heckmann. Analysts from firms such as Morgan Stanley (NYSE:MS), RBC Capital Markets, and Oppenheimer have also expressed their views on this acquisition, with a general consensus on its potential to enhance Clearwater's offerings and drive future growth.
Further, Clearwater has received various analyst upgrades and downgrades. Morgan Stanley upgraded Clearwater's stock from Equalweight to Overweight and increased their price target. RBC Capital Markets, however, revised their price target for Clearwater, reducing it while continuing to recommend the stock as Outperform. DA Davidson lifted Clearwater's stock rating to Buy, albeit with a reduced price target, while Oppenheimer maintained an Outperform rating with a $40.00 price target.
These recent developments underscore Clearwater's strategic efforts to bolster its position in the market and drive future growth. The company's next steps will be closely monitored as it integrates Enfusion's operations and technologies, and as it works towards fulfilling its fourth-quarter projections.
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