Souvik Das Sells Shares of Clearwater Analytics
Clearwater Analytics CTO Souvik Das sold 180,372 shares, totaling $4.43 million.
Key Points
- Souvik Das, Clearwater Analytics' CTO, sold 180,372 shares at $24.55 per share on June 25, 2026, totaling $4.43 million.
- Clearwater Analytics trades on the NYSE under CWAN, with a market cap of $7.29 billion and a forward P/E of 28.44.
- BlackRock increased its holdings in Clearwater Analytics by 2,038,216 shares, totaling 28,270,108 shares valued at $668.59 million.
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Souvik Das, the Chief Technology Officer of Clearwater Analytics Holdings, Inc. (NYSE: CWAN), sold 180,372 shares of the company on June 25, 2026. The shares were sold at an average price of $24.55 each, amounting to a total transaction value of about $4.43 million. This transaction was not part of a pre-arranged trading plan.
Insider Buying and Selling at Clearwater Analytics Holdings, Inc.
On June 25, 2026, several insider transactions occurred at Clearwater Analytics. Alongside Souvik Das's sale, James Cox, the Chief Financial Officer, bought 109,998 shares at $24.55 each. Scott Stanley Erickson, the Chief Revenue Officer, sold 538,518 shares at an average price of $17.99, while Lisa Jones and Jacques Aigrain also sold shares at different prices.
Other Institutional Activity in Clearwater Analytics
Several institutional investors adjusted their positions in Clearwater Analytics. BlackRock, Inc. increased its holdings by 2,038,216 shares, bringing its total to 28,270,108 shares valued at approximately $668.59 million. Vanguard Portfolio Management LLC initiated a new position with 18,293,833 shares worth $432.65 million. UBS Group AG significantly boosted its stake by 9,515,458 shares, now holding 14,735,354 shares valued at $348.49 million. HBK Investments L.P. also increased its shares by 13,501,697 to a total of 13,875,000 shares, valued at $328.14 million.
Clearwater Analytics Holdings, Inc. Stock Holds Steady
Shares of Clearwater Analytics (NYSE: CWAN) traded near $24.56 on Friday. The company has a market capitalization of $7.29 billion and a forward P/E ratio of 28.44. Its beta of 0.596 suggests lower volatility compared to the market. The stock's 52-week range is between $15.74 and $24.54, with a 50-day moving average of $24.26 and a 200-day moving average of $22.21. The company's current ratio is 2.26, and its quick ratio stands at 1.96, with a debt-to-equity ratio of 41.90.
$CWAN stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Clearwater Analytics reported revenue of $825.73 million, reflecting a growth rate of 74.4%. However, the company faced a net margin of -5.8% and a return on equity of -3.1%. The next earnings report is expected on August 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
Analyst view held steady after the report.
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EPS & revenue
EPS missed estimates by 2.9%. Revenue beat estimates by 1.3%.
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Profit surprise
EBITDA missed by 49 percent. Operating income missed by 88 percent.
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Pre-earnings setup
Expectations were about average.
- Analyst signal
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Earnings quality
Gross margin down 7.5 points. Operating margin down 1.5 points. Negative free cash flow.
Clearly negative report. The company missed important expectations and likely triggers downward revisions.
Analysts Set New Price Targets
Analysts have set new price targets for Clearwater Analytics. On May 20, 2026, DA Davidson maintained a 'hold' rating with a target price of $24.55. RBC Capital, Morgan Stanley, and UBS have downgraded their ratings to 'hold' with similar target prices earlier in the year. The consensus target price stands at $24.47 based on seven analyst opinions.
About Clearwater Analytics
Clearwater Analytics Holdings, Inc., headquartered in Boise, Idaho, offers a Software-as-a-Service (SaaS) platform for investment data management. The company provides solutions for automated data aggregation, reconciliation, and reporting. Its services cater to insurers, asset managers, hedge funds, banks, and government entities. Founded in 2004, Clearwater Analytics employs about 3,000 people under the leadership of CEO Sandeep Sahai.
Bottom Line
Souvik Das's recent share sale at Clearwater Analytics highlights ongoing insider activity at the company. As a leader in the SaaS sector, Clearwater Analytics continues to attract institutional interest, evidenced by substantial changes in major fund holdings. Investors should note that insider and institutional transactions provide insight into company sentiment, but these 13F filings are historical and may not reflect current positions.
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