Clearwater Analytics Holdings, Inc.(CWAN)
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
CWAN
$24.56
—
Snapshot
$24.56
- 52-Week Range
- $15.73 – $24.56
- YTD
- +1.87%
- IV Rank (30D)
- 51.49
- Straddle Price
- $8.03
- P/C Vol Ratio
- 0.08
- Market Cap
- $7.3B
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.51% |
| Beta vs SPY | 1.00 |
| Cost of Equity (CAPM) | 10.01% (VRP-adj) |
| WACC | 9.37% |
| Volatility Risk Premium | +91.8pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +21.6% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.2B |
| Return on Equity (TTM) | -2.4% |
| Book / Price | 29.7% |
| Gross Margin (TTM) | 66.0% |
| FCF Margin (TTM) | 18.5% |
| Debt / Equity | 0.39 |
| Quality Score | 5/6 — high quality (12y DCF) |
| Market-Implied Growth | +21.6% (reverse-DCF on current price) |
| SMA 50 | $24.29 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $24.38 |
| Bollinger Width / SMA20 | 5.8% (drives anchor stability) |
| Net Debt | $0.7B |
| Market Cap | $7B |
Peers used for multiples: AAOI, AXTI, CRM, CRWD, NOW, ORCL, SNOW, VEEV
Model Conviction
69%
20-Day Fair Value
≈ by Jul 24, 2026
$23.08
α -6.0%
rank 8%
40-Day Fair Value
≈ by Aug 24, 2026
$23.17
α -5.7%
rank 24%
60-Day Fair Value
≈ by Sep 22, 2026
$23.70
α -3.5%
rank 42%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $24.60 | 25% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 27.8× · 4 peers |
| Peer EV/EBITDA | $8.57 | 7% | median 24.2× · 5 peers |
| Peer P/B | $79.96 | 10% | median 10.9× · 8 peers |
| Peer P/S | $38.26 | 10% | median 11.8× · 8 peers |
| Market Anchor (SMA50) | $24.29 | 49% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $23.71 | 0% | 5 strikes · skew -0.87 |
As of 2026-06-25 · updated
Info
- Industry (SIC)
- SERVICES-PREPACKAGED SOFTWARE (7372)
- Exchange
- XNYS
- Market Cap
- $7.3B
Clearwater Analytics describes its mission as aiming to be the world's most trusted and comprehensive technology platform for the entire investment cycle. Clearwater has historically focused on back-office functions such as investment accounting, but with acquisitions such Enfusion, Beacon, and Bistro, the firm has broadened its focus with front-office and middle-office capabilities. Clearwater primarily serves insurance companies, asset managers, hedge funds, and corporate treasuries. Pro forma for Enfusion, about 76% of Clearwater's revenue is generated in the US.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | -4.08% | 5 |
| Feb | -1.92% | 5 |
| Mar | +0.91% | 5 |
| Apr | -7.83% | 5 |
| May | +0.45% | 5 |
| Jun | -4.40% | 5 |
| Jul | +5.21% | 4 |
| Aug | +8.01% | 4 |
| Sep | +4.80% | 5 |
| Oct | -2.49% | 5 |
| Nov | +14.25% | 5 |
| Dec | +3.18% | 5 |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $24.38
SMA 50: $24.29
SMA 200: $22.27
Current: $24.56
EMA 12: $24.41
EMA 26: $24.36
MACD: 0.0515 | Signal: 0.0140
BULLISH
ADX (14): 25.78
TREND
+DI: 34.16
−DI: 11.79
Momentum Oscillators
RSI (14): 67.72
NEUTRAL
Stoch %K: 98.91
Stoch %D: 73.27
Williams %R: 0.00
Volume & Volatility
BB Upper: $24.55
BB Lower: $24.20
OVERBOUGHT
OBV: 192,644,700
Vol SMA 20: 7,216,422
Vol ROC: 1038.12%
ATR: $0.08
True Range: $0.02
HV 20: 4.4%
HV 30: 3.8%
HV 60: 3.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-06-26T00:00:00 – 2026-06-24T00:00:00
AI Analysis
Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
Earnings History
5 of 7 under expected move
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2024-07-31 | After-Close | 8.70% | 20.36% | 2.34x | Exceeded |
| 2024-11-06 | After-Close | 6.14% | 15.09% | 2.46x | Exceeded |
| 2025-04-30 | After-Close | 11.51% | 1.92% | 0.17x | Within |
| 2025-08-06 | After-Close | 14.49% | 12.85% | 0.89x | Within |
| 2025-11-05 | After-Close | 64.62% | 17.30% | 0.27x | Within |
| 2026-02-18 | After-Close | 2.59% | 0.65% | 0.25x | Within |
| 2026-05-07 | After-Close | 40.74% | 0.21% | 0.01x | Within |
Options Activity
- IV Rank (30D)
- 51.49
- IV Rank (7D)
- 100
- Avg IV
- 95.6%
- Straddle (30D)
- $8.03
- Straddle (7D)
- $15.00
- P/C Volume
- 0.08
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
- Beta (1Y vs SPY)
- 0.57
- Correlation (SPY)
- 23.8%
- R²
- 0.06
- Ann. Volatility
- 30.8%
- SPY Volatility
- 12.8%
Low volatility - stock moves less than market
Beta & Alpha Over Time
Institutional Ownership (13F)
Latest filings — 2026-03-31
? 13F Guide
Diluted shares outstanding: 281,231,107 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
17 filers$227.51M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | BALYASNY ASSET MANAGEMENT L.P. | $82.89M | 36.43% | 2026-03-31 |
| 2 | Caption Management, LLC | $34.42M | 15.13% | 2026-03-31 |
| 3 | Verition Fund Management LLC | $29.92M | 13.15% | 2026-03-31 |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP Custodian | $18.56M | 8.16% | 2026-03-31 |
| 5 | SIMPLEX TRADING, LLC Custodian | $10.61M | 4.67% | 2026-03-31 |
| 6 | JANE STREET GROUP, LLC Custodian | $9.11M | 4.01% | 2026-03-31 |
| 7 | SummitTX Capital, L.P. | $8.94M | 3.93% | 2026-03-31 |
| 8 | GROUP ONE TRADING LLC Custodian | $7.90M | 3.47% | 2026-03-31 |
| 9 | WOLVERINE TRADING, LLC Custodian | $4.72M | 2.07% | 2025-09-30 |
| 10 | TORONTO DOMINION BANK | $4.67M | 2.05% | 2026-03-31 |
| 11 | SUMMIT SECURITIES GROUP LLC | $4.32M | 1.90% | 2026-03-31 |
| 12 | Walleye Trading LLC | $4.18M | 1.84% | 2026-03-31 |
| 13 | Walleye Capital LLC | $3.87M | 1.70% | 2026-03-31 |
| 14 | CITADEL ADVISORS LLC Custodian | $1.94M | 0.85% | 2026-03-31 |
| 15 | Twin Tree Management, LP | $865.59K | 0.38% | 2026-03-31 |
| 16 | Fortress Investment Group LLC | $591.25K | 0.26% | 2026-03-31 |
| 17 | CSS LLC/IL | $2.37K | <0.01% | 2026-03-31 |
23 filers$189.48M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | BALYASNY ASSET MANAGEMENT L.P. | $65.04M | 34.33% | 2026-03-31 |
| 2 | SUSQUEHANNA INTERNATIONAL GROUP, LLP Custodian | $35.67M | 18.82% | 2026-03-31 |
| 3 | Caption Management, LLC | $22.90M | 12.08% | 2026-03-31 |
| 4 | Walleye Trading LLC | $15.61M | 8.24% | 2026-03-31 |
| 5 | LMR Partners LLP | $14.23M | 7.51% | 2026-03-31 |
| 6 | Centiva Capital, LP | $14.01M | 7.39% | 2026-03-31 |
| 7 | SUMMIT SECURITIES GROUP LLC | $5.38M | 2.84% | 2026-03-31 |
| 8 | JANE STREET GROUP, LLC Custodian | $3.64M | 1.92% | 2026-03-31 |
| 9 | CITADEL ADVISORS LLC Custodian | $3.30M | 1.74% | 2026-03-31 |
| 10 | Galaxy Digital Inc. | $2.37M | 1.25% | 2026-03-31 |
| 11 | Walleye Capital LLC | $1.74M | 0.92% | 2026-03-31 |
| 12 | IMC-Chicago, LLC Custodian | $1.42M | 0.75% | 2026-03-31 |
| 13 | CSS LLC/IL | $1.13M | 0.59% | 2026-03-31 |
| 14 | SIMPLEX TRADING, LLC Custodian | $1.13M | 0.59% | 2026-03-31 |
| 15 | GROUP ONE TRADING LLC Custodian | $695.31K | 0.37% | 2026-03-31 |
| 16 | Twin Tree Management, LP | $454.08K | 0.24% | 2026-03-31 |
| 17 | BOOTHBAY FUND MANAGEMENT, LLC | $446.99K | 0.24% | 2026-03-31 |
| 18 | UBS Group AG Custodian | $179.74K | 0.09% | 2026-03-31 |
| 19 | NINE MASTS CAPITAL Ltd | $77.67K | 0.04% | 2026-03-31 |
| 20 | Westchester Capital Management, LLC | $49.66K | 0.03% | 2026-03-31 |
| 21 | Decagon Asset Management LLP | $16.55K | <0.01% | 2026-03-31 |
| 22 | TORONTO DOMINION BANK | $4.73K | <0.01% | 2026-03-31 |
| 23 | EQUITEC PROPRIETARY MARKETS, LLC | $0 | 0.00% | 2026-03-31 |
Insider Activity
Latest: 2026-06-25
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-06-25 | Eric J. Lee | Director | Mixed | −531,457 | $24.55 | -$13.05M | EDGAR |
| 2026-06-25 | Christopher Hooper | Director | Mixed | −241,833 | $24.55 | -$5.94M | EDGAR |
| 2026-06-25 | JACQUES AIGRAIN | Director | Disp (D) | −20,481 | $24.55 | -$502.8K | EDGAR |
| 2026-06-25 | Mukesh Aghi | Director | Disp (D) | −15,339 RSU | — | EDGAR | |
| 2026-06-25 | Bas NieuweWeme | Director | Disp (D) | −16,713 RSU | — | EDGAR | |
| 2026-06-25 | Scott Stanley Erickson | Chief Revenue Officer | Disp (D) | −155,119 | $24.55 | -$3.81M | EDGAR |
| 2026-06-25 | James S Cox | Chief Financial Officer | Disp (D) | −480,419 | $24.55 | -$11.79M | EDGAR |
| 2026-06-25 | Subi Sethi | Chief Operating Officer | Disp (D) | −388,256 | $24.55 | -$9.53M | EDGAR |
| 2026-06-25 | Lisa Jones | Director | Disp (D) | −26,584 | $24.55 | -$652.6K | EDGAR |
| 2026-06-25 | Souvik Das | Chief Technology Officer | Disp (D) | −180,372 | $24.55 | -$4.43M | EDGAR |
| 2026-06-25 | Sandeep Sahai | See Remarks | Disp (D) | −1,416,794 | $24.55 | -$34.78M | EDGAR |
| 2026-06-17 | D SCOTT MACKESY | Director | Sell (S) | −633,879 | $24.30 | -$15.40M | EDGAR |
| 2026-06-16 | Christopher Hooper | Director | Gift (G) | −30,000 | — | EDGAR | |
| 2026-06-09 | Souvik Das | Chief Technology Officer | Sell (S) | −10,000 | $24.35 | -$243.5K | EDGAR |
| 2026-06-01 | D SCOTT MACKESY | Director | Conv (C) | — | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
Insider Holdings
23 insiders · @ $24.56
Officers, directors, and 10%+ owners ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Welsh, Carson, Anderson & Stowe XII Delaware II, L.P. | 10%+ Owner | 32,684,156 | $802.72M | -$1.89B | 1 | 2023-12-05 |
| 2 | WARBURG PINCUS LLC | Director | 18,192,059 | $446.80M | -$1.38B | 1 | 2024-06-12 |
| 3 | WCAS XII CARBON ANALYTICS ACQUISITION, L.P. | 10%+ Owner | 16,250,000 | $399.10M | -$4.67B | 5 | 2024-03-11 |
| 4 | WCAS GP CW LLC | 10%+ Owner | 11,305,482 | $277.66M | -$3.13B | 2 | 2024-12-04 |
| 5 | Welsh, Carson, Anderson & Stowe XII Cayman, L.P. | 10%+ Owner | 11,245,500 | $276.19M | -$2.05B | 2 | 2023-11-09 |
| 6 | WCAS XIII Associates LLC | 10%+ Owner | 10,786,830 | $264.92M | -$566.35M | 2 | 2024-12-16 |
| 7 | Warburg Pincus Financial Sector (Cayman), L.P. | Director | 9,192,059 | $225.76M | -$2.02B | 1 | 2024-08-12 |
| 8 | Durable Capital Partners LP | 10%+ Owner | 8,132,845 | $199.74M | $13.60M | 23 | 2023-06-01 |
| 9 | Warburg Pincus (Bermuda) Private Equity GP Ltd. | Director | 6,088,609 | $149.54M | -$1.16B | 5 | 2024-11-14 |
| 10 | Permira VII GP S.a r.l. | Director | 4,917,765 | $120.78M | -$484.65M | 1 | 2024-06-14 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
Notice of Proposed Sale (Form 144)
Latest: 2026-06-15
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
4 filings
· $15.9M notice value
· 2 unique filers
· 50% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. Amendments (Form 144/A) and post-cancellation refilings can inflate this if you sum naively; the rollup above excludes filings with zero stated value.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
D. SCOTT MACKESY (2, $15.4M) · SOUVIK DAS (2, $487K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-06-15 | D. SCOTT MACKESY | Director | 206,103 | $5.02M | 2026-06-15 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-06-15 | D. SCOTT MACKESY | Director | 427,776 | $10.42M | 2026-06-15 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-06-08 | SOUVIK DAS | Officer | 10,000 | $243.7K | 2026-06-08 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-05-08 | SOUVIK DAS | Officer | 10,000 | $243.0K | 2026-05-08 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-04-15 | JAMES COX | Officer | 18,700 | $449.9K | 2026-04-15 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-04-08 | SOUVIK DAS | Officer | 10,000 | $239.2K | 2026-04-08 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-03-16 | JAMES COX | Officer | 18,700 | $433.3K | 2026-03-16 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-03-09 | SOUVIK DAS | Officer | 10,000 | $234.5K | 2026-03-09 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-02-17 | JAMES COX | Officer | 18,700 | $432.9K | 2026-02-17 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-02-09 | SOUVIK DAS | Officer | 10,000 | $238.5K | 2026-02-09 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed.
ETF Holders
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
| P/B Ratio | 3.6 |
| P/S Ratio | 8.8 |
| EV/EBITDA | 68.2 |
| TTM Revenue | $0.8B |
| TTM Net Income | $-0.0B |
| TTM EPS | $-0.18 |
| ROE | -2.4% |
| Debt/Equity | 0.39 |