Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 67.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,162 shares of the company’s stock after selling 12,982 shares during the quarter. SG Americas Securities LLC’s holdings in Clearwater Analytics were worth $156,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in shares of Clearwater Analytics by 268.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock worth $30,000 after acquiring an additional 1,234 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Clearwater Analytics by 389.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock worth $34,000 after purchasing an additional 1,549 shares during the period. Amalgamated Bank purchased a new position in Clearwater Analytics during the second quarter worth approximately $90,000. Point72 Asset Management L.P. acquired a new stake in Clearwater Analytics in the second quarter valued at approximately $91,000. Finally, RiverPark Advisors LLC increased its position in shares of Clearwater Analytics by 361.0% in the first quarter. RiverPark Advisors LLC now owns 5,366 shares of the company’s stock valued at $95,000 after buying an additional 4,202 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Price Performance

CWAN stock opened at $26.27 on Friday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $27.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.78 and a quick ratio of 4.78. The firm has a market capitalization of $6.45 billion, a PE ratio of -328.38, a price-to-earnings-growth ratio of 9.16 and a beta of 0.62. The business has a 50 day simple moving average of $25.04 and a 200-day simple moving average of $21.10.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. The company had revenue of $106.79 million during the quarter, compared to analysts’ expectations of $105.51 million. During the same period in the prior year, the business earned ($0.03) EPS. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. Equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Warburg Pincus Llc sold 9,000,000 shares of Clearwater Analytics stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $22.41, for a total transaction of $201,690,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Clearwater Analytics news, CFO James S. Cox sold 14,850 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $22.02, for a total value of $326,997.00. Following the transaction, the chief financial officer now owns 232,503 shares of the company’s stock, valued at $5,119,716.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Warburg Pincus Llc sold 9,000,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $22.41, for a total transaction of $201,690,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,879,543 shares of company stock worth $247,145,339. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

CWAN has been the topic of a number of research analyst reports. Piper Sandler reissued a “neutral” rating and issued a $23.00 price target on shares of Clearwater Analytics in a research note on Monday, September 9th. Morgan Stanley boosted their target price on shares of Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Oppenheimer upped their price target on shares of Clearwater Analytics from $25.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, October 7th. Wells Fargo & Company lifted their price objective on Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Citigroup started coverage on Clearwater Analytics in a report on Monday, August 19th. They set a “buy” rating and a $28.00 target price for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.67.

About Clearwater Analytics

Clearwater Analytics Holdings, Inc develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.