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Clearwater Analytics Holdings Inc. (NASDAQ:CWAN) Chief Technology Officer Souvik Das sold a total of 5,327 shares of Class A Common Stock on September 30, 2025. The sales were executed at a price of $17.6772, amounting to $94,166. The transaction comes as the stock trades near its 52-week low of $17.61, having declined over 33% in the past six months. According to InvestingPro data, the company maintains strong financial health with liquid assets exceeding short-term obligations.
On the same day, Das also acquired a total of 9,844 shares of Class A Common Stock, upon the vesting of Restricted Stock Units, at a price of $0.
Additionally, the filing details the conversion of Restricted Stock Units into 9,844 shares of Class A Common Stock.
In other recent news, Clearwater Analytics announced enhancements to its Alternative Assets Solution at its annual Connect™25 user conference. These improvements aim to address challenges in the $2.5 trillion private credit market by automating loan structures and consolidating mortgage reporting. Additionally, Clearwater Analytics has authorized a $100 million share repurchase program to offset the dilutive impact of recent share issuances. The program would allow the buyback of approximately 5 million shares based on the recent closing price. In financial updates, Clearwater reported a 70% year-over-year growth in total revenue and a 74% increase in adjusted EBITDA, surpassing DA Davidson’s forecasts. Consequently, DA Davidson maintained a Buy rating but adjusted its price target to $34.00. Meanwhile, RBC Capital reiterated an Outperform rating with a $36.00 price target, and Goldman Sachs maintained a Buy rating, highlighting confidence in Clearwater’s ongoing growth strategies. These developments come as Clearwater Analytics continues to focus on scaling its operations and enhancing its offerings.
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