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BOISE, Idaho—Scott Erickson, the Chief Revenue Officer at Clearwater Analytics Holdings , Inc. (NYSE:CWAN), has recently sold shares of the company’s stock, according to a filing with the Securities and Exchange Commission. The transactions, reported for March 10, 2025, included the sale of 4,141 shares of Class A Common Stock at an average price of $27.65, totaling approximately $114,488. The sale comes as CWAN shares have experienced an 8.2% decline over the past week, though the stock has delivered an impressive 64% return over the last year. According to InvestingPro analysis, the company currently appears fairly valued based on its Fair Value assessment.
This sale was carried out under a Rule 10b5-1 trading plan, which Erickson adopted on November 22, 2024. The shares were sold in multiple transactions, with prices ranging from $27.38 to $28.20, reflecting a weighted average sale price.
In related transactions, Erickson also executed options to acquire 9,891 shares of Class A Common Stock at $4.00 per share, resulting in a total acquisition value of $39,564. Additionally, 5,750 shares were withheld to cover tax obligations, valued at $27.65 per share, amounting to $158,973.
Following these transactions, Erickson holds 7,902 shares directly. Clearwater Analytics is headquartered in Boise, Idaho, and specializes in prepackaged software services.
In other recent news, Clearwater Analytics Holdings reported impressive fourth-quarter 2024 earnings, surpassing Wall Street expectations with an earnings per share of $0.13 against a forecast of $0.11. The company’s revenue reached $126.5 million, exceeding the anticipated $120.39 million, marking a 28% year-over-year increase. Clearwater’s financial performance was further highlighted by a 25% growth in Annual Recurring Revenue (ARR), supported by a Net Revenue Retention (NRR) rate of 116%. This achievement met the company’s fiscal year 2025 exit goal a year early.
Analyst firms have responded positively to Clearwater’s performance, with DA Davidson maintaining a Buy rating and a $32 target, while Piper Sandler upgraded the stock from Neutral to Overweight, raising the price target to $36. Piper Sandler’s analysts noted that Clearwater’s recent acquisition of Enfusion could enhance its data solutions offerings, potentially increasing market share and improving client acquisition rates. The company’s full-year revenue grew by 22.7%, driven by strong demand and product innovation, with a focus on generative AI and the Enfusion acquisition.
Looking forward, Clearwater projects revenue between $535.5 million and $542 million for 2025, indicating a growth rate of 19-20%. The acquisition of Enfusion, expected to close in the second quarter of 2025, is anticipated to enhance Clearwater’s platform capabilities, particularly in regulatory reporting and compliance. Despite issuing fiscal year 2025 guidance slightly above consensus estimates, Piper Sandler views these targets as conservative, suggesting potential for further growth.
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