Monitor for actual sale execution on Form 4; a director selling ~$10.4M in a single block is notable and may signal lack of confidence. Given the 75% historical win rate on CWAN reports and recent institutional trimming, consider reducing exposure or hedging ahead of potential selling pressure.
Price Chart
Executive Summary
Director D. Scott Mackesy filed a Form 144 to sell 427,776 shares of Clearwater Analytics (CWAN) Class A Common Stock, with an estimated aggregate market value of approximately $10.4 million based on a filing date of June 15, 2026. The shares were acquired via compensation on November 2, 2020, and the sale is planned through J.P. Morgan Securities LLC. This is a large proposed sale by a director, representing about 0.06% of the $7.3B market cap, and comes amid mixed institutional activity and a 75% historical win rate on prior CWAN reports.
Key Facts
- Director D. Scott Mackesy filed a Form 144 to sell 427,776 shares of CWAN Class A Common Stock.
- Estimated aggregate market value of the proposed sale is approximately $10.4 million.
- Shares were acquired via compensation on November 2, 2020.
- Sale is planned through J.P. Morgan Securities LLC.
- Filing date is June 15, 2026.
- Market cap of CWAN is $7.3 billion.
- Recent insider activity (30 days) includes 1 sell totaling $244K.
- Institutional 13F shows top holders BlackRock ($669M) and Vanguard ($433M), with recent trimming and exits.
Financial Impact
Proposed sale of 427,776 shares valued at approximately $10.4 million, representing about 0.14% of outstanding shares (based on ~300M shares outstanding implied by $7.3B market cap and ~$24.35 stock price).
Risk Factors
- Insider sale may signal reduced confidence in near-term prospects.
- Large block sale could pressure stock price if executed quickly.
- Institutional trimming and exits suggest cautious sentiment among large holders.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001968582-26-000611 |
| Document: 0001968582-26-000611-index.html | 0001968582-26-000611 |
| Document: 0001968582-26-000611.txt | 0001968582-26-000611 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 6, 2026 12w ago | 15-12G | $24.56 awaiting T+5 | awaiting T+5 | — | — |
Jun 22, 2026 14w ago | 8-K | $24.53 $24.56 | ▲ +0.12% | ▲ +0.58% | — |
Jun 17, 2026 15w ago | Insider Cluster | $24.29 $24.56 | ▲ +1.11% | ▲ +2.78% | — |
Jun 15, 2026 15w ago | 144 | $24.25 $24.55 | ▲ +1.24% | ▲ +3.47% | — |
Jun 15, 2026 15w ago | 144 | $24.25 $24.55 | ▼ −1.24% | ▼ −3.47% | — |
May 7, 2026 21w ago | 8-K | $24.35 $24.37 | ▲ +0.08% | ▼ −1.38% | — |
Apr 15, 2026 24w ago | 144 | $24.11 $24.18 | ▲ +0.29% | ▼ −0.69% | — |
Apr 8, 2026 25w ago | DEFM14A | $24.02 $24.04 | ▲ +0.08% | ▼ −3.43% | — |
Apr 8, 2026 25w ago | Insider Cluster | $24.02 $24.04 | ▼ −0.08% | ▲ +3.43% | — |
Apr 1, 2026 26w ago | 10-K/A | $23.80 $24.00 | ▲ +0.84% | ▼ −2.78% | — |
US Market Status
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