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EdgarHawk

CWAN Clearwater Analytics Holdings, Inc. Insider Trading

Latest: CEO Sold $1.2M of Shares · Mar 2026
43 filings analyzed · Latest 2026-04-02
Insider buys
0
Insider sells
43
Unique insiders
8
Direction
Net selling
April 2026
2026-04-02
high
Sahai Sandeep Sell
Chief Executive Officer
51,967 shares
$1,236,789
@ $23.80
Significance 6/10

CEO Sahai Sandeep sold 52.0K shares for $1.2M at CWAN; 3 separate sales on 2026-03-31 at $23.80.

Sahai Sandeep, CEO of Clearwater Analytics, executed three separate sales on 2026-03-31 totaling 51,967 shares for $1,236,788.62 at $23.80, reducing his holdings from 1.47M to 1.42M shares (a 3.5% reduction). The sales occur while the stock trades at -11.2% from its 52-week high of $26.80, near the lower end of the annual range. Across his cross-ticker track record, Sandeep's prior sells have exhibited a 94.12% well-timed rate (measuring 90-day post-sale declines), suggesting a pattern of selling ahead of downward price movement. At CWAN specifically, his two prior measurable 90-day outcomes were both negative (2 of 2 well-timed), consistent with this pattern. However, the company remains unprofitable with full-year net income of -$10,335,000.00, contrasting against strong 61.9% annual revenue growth, leaving fundamental trajectory uncertain. The magnitude of this sale—$1.2M—is material but does not represent a portfolio liquidation given his remaining 1.42M share position.

2026-04-02
medium
Cox James S Sell
Chief Financial Officer
21,631 shares
$514,807
@ $23.80
Significance 5/10

CFO Cox sells 21,631 shares for $514,806.98 at CWAN; holds 485,419 shares post-transaction

James S Cox, CFO of Clearwater Analytics, executed 3 separate sales totaling 21,631 shares for $514,806.98 on 2026-03-31 at $23.80 per share, reducing his holdings by 4.3%. The company reported quarterly revenue of $205,110,000.00 against net income of -$10,335,000.00, indicating ongoing unprofitability despite 61.9% annual revenue growth. Cox's cross-ticker track record shows a 76.47% well-timed sell rate across 20 prior transactions with an average 90-day return of -8.4%, but at CWAN specifically, his 2 measurable prior sales both generated -1.3% 90-day returns with 100% well-timed rate. The current price of $23.80 sits 11.2% below the 52-week high of $26.80, placing the transaction near elevated valuation levels within the annual range.

February 2026
2026-02-20
high
Sethi Subi Sell
Chief Client Officer
76,689 shares
$1,797,721
@ $23.44
Significance 7/10

Clearwater Analytics' CCO Sethi Subi sold 76,689 shares at $23.44 in 3 separate transactions for $1,797,720.53 on 2026-02-18

Sethi Subi, Chief Client Officer at Clearwater Analytics Holdings (CWAN), executed 3 separate sales totaling 76,689 shares for $1,797,720.53 at $23.44 per share on 2026-02-18, reducing his holdings by 17.3% to 365,490 shares. His cross-ticker track record shows a 100.00% well-timed rate across 3 prior open-market sales, with an average 90-day return of -21.3%, indicating a consistent pattern of selling ahead of declines. At the same ticker (CWAN), his 3 prior trades executed on 2025-02-19 all showed -21.3% 90-day returns, demonstrating a repeating timing accuracy at this specific company. The sale occurs against the backdrop of a company generating $205.1M in quarterly revenue but posting a -$10.3M net loss, with the stock currently at $23.30—down -4.2% over 30 days and -25.5% from its 52-week high of $31.26—though annual revenue growth remains strong at +61.9%.

2026-02-20
medium
Cox James S Sell
Chief Financial Officer
93,930 shares
$2,201,879
@ $23.44
Significance 5/10

CFO Cox sells 93,930 shares at $23.44 in 3 separate transactions for $2,201,878.89

Cox James S, CFO of Clearwater Analytics, executed 3 separate sales totaling 93,930 shares for $2,201,878.89 at a blended average price of $23.44, reducing his holdings by 16.5%. The stock currently trades at $23.30, only 0.6% below the transaction price and near its 90-day average (+8.0% over 90 days), indicating the sales occurred near the stock's recent momentum peak. Clearwater is experiencing strong top-line growth (61.9% annual revenue growth) but remains unprofitable with a net loss of $10,335,000 in its most recent quarter, creating tension between expansion performance and current earnings quality. Cox's cross-ticker track record shows 78.57% well-timed sells over his broader trading history, though his specific prior CWAN trades are more mixed and outcome measurement is incomplete for the two most recent January sales.

2026-02-20
high
Das Souvik Sell
Chief Technology Officer
88,848 shares
$2,082,748
@ $23.44
Significance 5/10

CTO Souvik Das sold 88,848 shares for $2,082,748.16 (3 transactions at $23.44); holdings reduced 30.0%.

Souvik Das, Chief Technology Officer of Clearwater Analytics, executed 3 separate sales totaling 88,848 shares for $2,082,748.16 on 2026-02-18 at a blended average price of $23.44, reducing his holdings by 30.0% to 207,132 shares post-transaction. The current stock price of $23.30 is -25.5% from its 52-week high of $31.26, and the company is operating at a loss (net income of $-10,335,000.00 in the latest quarter) despite strong annual revenue growth of +61.9%. His prior trades at CWAN show a 2 of 2 well-timed sell pattern at the 90-day mark, and his cross-ticker track record across 9 prior sells reflects a 83.33% well-timed rate, suggesting a consistent ability to sell ahead of price declines. This substantial open-market liquidation of 30% of his position warrants investor attention given the company's current unprofitability and the CTO's demonstrated historical timing discipline.

2026-02-20
high
Erickson Scott Stanley Sell
Chief Revenue Officer
74,530 shares
$1,747,110
@ $23.44
Significance 6/10

CRO Scott Stanley sells 74,530 shares (35.0% of holdings) at $23.44 after pattern of well-timed exits at CWAN

Scott Stanley, Chief Revenue Officer of Clearwater Analytics, executed 3 separate sales totaling 74,530 shares for $1,747,109.90 on 2026-02-18, reducing his holdings by 35.0% to 138,630 shares post-transaction. His prior 5 trades at CWAN show a consistent timing pattern: 3 of 3 measurable prior sells at this ticker produced negative 90-day returns (-11.4%, -13.2%, -11.9%), indicating the stock declined after he sold. His cross-ticker track record reflects a 71.43% well-timed sell rate across 9 prior transactions with an average 90-day return of -10.8%, suggesting a pattern of selling before declines. The current price of $23.30 is down 4.2% over the past 30 days and down 25.5% from the 52-week high of $31.26, indicating the stock is trading well below its recent peak. Against this backdrop, a substantial reduction in holdings by a revenue-focused executive at a high-growth company (annual revenue growth +61.9%) that remains unprofitable (net income $-10,335,000.00) merits attention to whether his sales reflect observed revenue-execution challenges or market sentiment shifts not yet fully apparent in public disclosures.

2026-02-20
high
Sahai Sandeep Sell
Chief Executive Officer
233,813 shares
$5,480,974
@ $23.44
Significance 7/10

CEO Sandeep Sahai sells 233,813 shares (14.7% of holdings) for $5,480,974.20 at CWAN

Sandeep Sahai, Chief Executive Officer of Clearwater Analytics Holdings, filed 3 separate sales totaling 233,813 shares for $5,480,974.20 on 2026-02-18, reducing his holdings from 1,590,951 shares to 1,357,138 shares. The company is currently unprofitable with net income of $-10,335,000.00 over the most recent full fiscal year, despite strong revenue growth of +61.9% year-over-year (latest quarterly revenue: $205,110,000.00). The stock is trading at $23.30, down 25.5% from its 52-week high of $31.26 and down 4.2% over the past 30 days. Historically, Sahai's cross-ticker track record shows 20 prior sells with a 90-day well-timed rate of 83.33%, though at CWAN specifically, his prior 3 measurable sales showed mixed results (2 of 3 well-timed at the 90-day mark). This large discretionary sale by the CEO occurs as the company navigates unprofitability while pursuing aggressive growth.

January 2026
2026-01-05
medium
Cox James S Sell
Chief Financial Officer
63,709 shares
$1,534,909
@ $24.09
Significance 6/10

CFO Cox sells 63,709 shares at $24.09; consistent with prior same-ticker timing pattern (4 of 4 prior sales well-timed at 90-day mark).

James S Cox, CFO of Clearwater Analytics Holdings, Inc. (CWAN), executed 2 separate sales totaling 63,709 shares for $1,534,909.08 at $24.09 on 2026-01-01, reducing his post-transaction holdings to 400,691 shares (-13.7% reduction). The stock is currently trading at $24.10, near the transaction price, with strong recent momentum (+11.0% over 30 days, +36.4% over 90 days) but remains -22.9% below its 52-week high of $31.26. Cox's execution aligns with a demonstrated pattern at this ticker: his prior 4 measurable same-ticker sales all proved well-timed at the 90-day outcome mark (stock declined after those sales). His cross-ticker track record shows a 78.57% well-timed rate on sells with an average 90-day return of -10.4%, indicating consistent sell-side acumen. The company's fundamentals are mixed—revenue growth of +22.7% year-over-year is solid, but the most recent quarter shows a net loss of $-10,335,000.00 against $205,110,000.00 in quarterly revenue.

2026-01-05
high
Erickson Scott Stanley Sell
Chief Revenue Officer
44,386 shares
$1,069,370
@ $24.09
Significance 6/10

CRO Erickson Scott Stanley sold 44,386 shares for $1,069,369.71; 5 of 5 prior CWAN sales were well-timed (90d declines averaged -23.4%).

Erickson Scott Stanley (Chief Revenue Officer) executed 2 separate sales totaling 44,386 shares for $1,069,369.71 on 2026-01-01, reducing his holdings by -37.8% from 117,303 to 72,917 shares. His prior transaction history at CWAN is notably consistent: all 5 prior sales were well-timed, with 90-day returns averaging -23.4%, suggesting his selling pattern has correctly preceded stock declines. The current price of $24.10 aligns closely with the blended transaction price of $24.09, and the stock has gained 11.0% over 30 days and 36.4% over 90 days—context that will determine whether this sale follows his established pattern. Given the material share reduction and the CRO's demonstrated timing accuracy on this ticker, the outcome of the next 90 days will be instructive for evaluating whether the pattern continues.

2026-01-05
medium
Sahai Sandeep Sell
Chief Executive Officer
134,130 shares
$3,231,527
@ $24.09
Significance 6/10

CEO Sahai Sandeep sold 134,130 shares at $24.09 for $3,231,527.03 on 2026-01-01, reducing holdings by 10.9%

Sahai Sandeep executed 2 separate sales totaling 134,130 shares for $3,231,527.03 at $24.09 per share, reducing his post-transaction holdings to 1,092,923 shares from 1,227,053 shares. The company posted revenue of $205,110,000.00 with a net loss of $10,335,000.00 in the latest quarter, though annual revenue growth reached +22.7%, and the stock is currently trading at $24.10 (-22.9% from its 52-week high of $31.26). His cross-ticker track record of 20 prior sells shows a 75.00% well-timed rate at the 90-day mark with an average 90d return of -9.9%, while his same-ticker history at CWAN spans 5 prior sales with 4 of 5 well-timed at 90 days; the most recent same-ticker sale on 2025-08-22 was poorly timed with 30d -9.4% but recovered at 90d +3.1%. The timing context and prior pattern merit observer attention given the material sale size and mixed recent fundamental backdrop (revenue growth offset by net losses).

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