Insider Selling: Souvik Das Sells 25,000 Shares of Clearwater Analytics Holdings Inc (CWAN)
Chief Technology Officer Souvik Das sold 25,000 shares of Clearwater Analytics Holdings Inc (NYSE:CWAN) on July 15, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 10,453 shares of the company.
Clearwater Analytics Holdings Inc specializes in providing investment data aggregation, reconciliation, accounting, and reporting services for investors, insurers, and investment managers. The company's technology-driven solutions aim to enhance data transparency and provide accurate, timely information to support investment decisions.
Over the past year, Souvik Das has sold a total of 125,588 shares and has not purchased any shares. This recent transaction is part of a broader trend observed at Clearwater Analytics Holdings Inc, where there have been 46 insider sells and no insider buys over the past year.
Shares of Clearwater Analytics Holdings Inc were trading at $18.92 on the day of the transaction. The company has a market cap of approximately $4.23 billion.
According to the GF Value, the stock is currently Fairly Valued with a price-to-GF-Value ratio of 0.96. The GF Value of $19.81 is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider selling activity may be of interest to investors monitoring insider behaviors and company valuation metrics to inform their investment decisions in Clearwater Analytics Holdings Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.