WCAS XIII CARBON ANALYTICS ACQUISITION, L.P.

WCAS XIII Carbon Analytics sold 14,137,500 CWAN shares ($340.3M) at $24.07; holds 2,069,714 post-sale (-87.2%).

WCAS XIII Carbon Analytics, a 10% owner of Clearwater Analytics, executed a large open-market sale of 14,137,500 shares (14.14M shares) at $24.07 on June 12, 2025, reducing its stake by 87.2% to 2,069,714 shares (2.07M shares). The transaction occurred at a price $1.25 above the current market price of $22.82, though the stock is now down 30.4% from its 52-week high of $32.79 and has declined 6.1% in the past 30 days. The company's fundamentals show stable profitability with annual revenue growth of 22.7%, a net income of $6.5M on quarterly revenue of $126.9M, and a modest P/E of 11.82. This sale marks a substantial reduction in the fund's CWAN exposure and should be evaluated in context of the company's operational performance and the seller's broader portfolio positioning; the transaction does not represent a complete exit due to derivative holdings in Table II that are not yet reflected in the database.

10% Owner WCAS XIII Carbon Analytics Acquisition sold 10,645,133 shares of CWAN at $29.25 on 2024-12-04 for $311.4M.

WCAS XIII Carbon Analytics Acquisition, a 10% owner of Clearwater Analytics Holdings, reduced its position via a sale of 10,645,133 shares at $29.25, totaling $311.4M. The transaction occurred as CWAN stock has advanced 14.0% over the prior 30 days and 25.7% over the prior 90 days, trading near its 52-week high of $32.79. The seller's holdings post-transaction reflect a conversion of derivative securities rather than a complete exit; the insider's full position includes additional derivative holdings not yet reflected in structured form in this database. The fundamentals show the company generated $115.8M in latest-quarter revenue with 21.3% annual growth, though it remains unprofitable on a full-year basis with net income of $3.6M in the most recent quarter offset by negative full-year results. This large-block sale by a long-term holder warrants investor attention given the company's still-fragile profitability profile despite revenue momentum.

VC fund WCAS XIII converts and sells 15.54M CWAN shares ($452.4M) at $29.11; now holds 0 shares but retains derivative position

WCAS XIII CARBON ANALYTICS ACQUISITION, L.P., a 10% owner, converted derivative securities and sold 15,539,445 shares of Clearwater Analytics on 2024-11-13 at $29.11 for $452,353,243.95. Per Form 4 Table I, the insider's common-share holdings dropped to 0; however, this is a derivative conversion, and the investor retains an undisclosed derivative position in Table II not yet populated in this database—the sale should not be construed as a complete exit. The transaction occurred at a price 3.8% below the current market price of $30.25, and within the 52-week range of $15.78–$32.79. CWAN's underlying business posted $115,828,000 in latest-quarter revenue with +21.3% annual growth, though the company was unprofitable over its most recent full fiscal year. The timing and scale of this conversion-linked sale reflects portfolio execution rather than a discretionary sentiment signal and warrants scrutiny of the investor's remaining derivative stake.