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This Fund Just Sold $11.5 Million in Clearwater Analytics — Here's What the Move Signals for Software Stocks

On Friday, Dallas-based Scalar Gauge Management disclosed in an SEC filing that it sold out of Clearwater Analytics Holdings (CWAN +1.21%) in the third quarter, with an estimated transaction value of 11.5million.WhatHappenedAccordingtoaSecuritiesandExchangeCommission(SEC)filingreleasedFriday,ScalarGaugeManagementsolditsentireholdingof524,244sharesinClearwaterAnalyticsHoldingsduringthethirdquarter.Thetransactionvaluewas11.5 million.What HappenedAccording to a Securities and Exchange Commission (SEC) filing released Friday, Scalar Gauge Management sold its entire holding of 524,244 shares in Clearwater Analytics Holdings during the third quarter. The transaction value was 11.5 million based on the average share price for the ...