Souvik Das, the Chief Technology Officer at Clearwater Analytics Holdings, Inc., sold 88,848 shares of the company’s Class A common stock on February 18, 2026. Each share was sold at a price of $23.4417, producing total proceeds of about $2.08 million. The disposition was carried out in three separate transactions on that date.
On the same day as those sales, Das also received 167,750 shares of Class A common stock stemming from the vesting of performance stock units, at a price of $0 per share.
The stock trades near $23.30, and platform analysis indicates that this trading level is slightly higher than the platform’s calculated Fair Value, which has led to the company being placed on a Most Overvalued watchlist.
Company fundamentals cited in filings and announcements show Clearwater Analytics carries a market valuation of $6.85 billion. The business reported revenue growth of 62% over the last twelve months, despite remaining unprofitable on a current basis. Analysts polled by market consensus are projecting positive earnings per share of $0.73 for fiscal 2026.
In corporate activity related to a planned change of ownership, Clearwater announced that the go-shop period tied to an agreed sale has expired without attracting any alternative acquisition proposals. The pending transaction will see the company acquired by an investor group led by Permira and Warburg Pincus.
The proposed go-private deal has prompted several brokerages to revise their recommendations on Clearwater Analytics stock. Morgan Stanley downgraded its rating from Overweight to Equalweight and set a price target at $24.55. UBS lowered its view from Buy to Neutral and also set a $24.55 price target. DA Davidson moved from Buy to Neutral, citing the pending go-private transaction as a reason for the change.
Separately, Clearwater secured a multi-year mandate from Generali Deutschland to manage a €40 billion unit-linked life insurance fund business. The engagement is intended to consolidate Generali’s portfolio management and order execution processes onto Clearwater’s platform.
This series of insider transactions, the vesting of equity awards, the lack of competing acquisition bids during the go-shop window, analyst rating changes and a material client win are the principal public developments reported in filings and company announcements.