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Clearwater Analytics Holdings Inc (NYSE:CWAN), a $6.09 billion market cap company with a solid financial health score according to InvestingPro, saw its Chief Technology Officer Souvik Das sell 10,000 shares of Class A Common Stock on September 8, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $20.575, with individual sales prices ranging from $20.45 to $20.75, for a total transaction value of $205,750.
Following the transaction, Das directly owns 121,549 shares of Clearwater Analytics Holdings Inc.
The sale was executed under a Rule 10b5-1 trading plan adopted on May 5, 2025.
In other recent news, Clearwater Analytics has announced a $100 million share repurchase program, which aims to buy back approximately 5 million shares based on a recent closing price. This move is intended to partially offset the dilutive impact of recent share issuances and reduce the company’s public float. Additionally, Clearwater Analytics reported a significant 70% year-over-year growth in total revenue and a 74% increase in adjusted EBITDA for the second quarter, surpassing DA Davidson’s forecasts by 5% and 10%, respectively.
Goldman Sachs has upgraded Clearwater Analytics to a Buy rating from Neutral, maintaining a $27 price target, and expressing confidence in a structured plan for growth. Meanwhile, DA Davidson has lowered its price target on the company to $34 while maintaining a Buy rating, following the impressive quarterly results. Morgan Stanley also adjusted its price target to $27, citing a less explosive performance in net new annual recurring revenue than anticipated. These developments reflect a mix of strategic financial maneuvers and varied analyst perspectives on Clearwater Analytics’ future performance.
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