Callan Family Office LLC Buys New Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Callan Family Office LLC purchased a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 16,480 shares of the company’s stock, valued at approximately $454,000.

A number of other hedge funds also recently made changes to their positions in CWAN. Champlain Investment Partners LLC purchased a new stake in shares of Clearwater Analytics during the 3rd quarter worth about $53,559,000. Principal Financial Group Inc. lifted its position in Clearwater Analytics by 1,600.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company’s stock valued at $39,690,000 after buying an additional 1,357,425 shares in the last quarter. State Street Corp grew its stake in Clearwater Analytics by 38.7% during the third quarter. State Street Corp now owns 3,617,462 shares of the company’s stock worth $91,341,000 after buying an additional 1,009,548 shares during the period. Stephens Investment Management Group LLC grew its stake in Clearwater Analytics by 189.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock worth $34,926,000 after buying an additional 830,684 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Clearwater Analytics in the 4th quarter valued at $20,482,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $28.76 on Monday. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 8.23 and a beta of 0.69. The business’s 50 day moving average is $28.35 and its two-hundred day moving average is $27.65. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. Analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CWAN has been the subject of a number of research reports. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. Royal Bank of Canada upped their target price on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Morgan Stanley reiterated an “overweight” rating and issued a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company increased their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.80.

Insider Buying and Selling

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $29.07, for a total transaction of $113,082.30. Following the sale, the executive now directly owns 6,373 shares in the company, valued at approximately $185,263.11. This represents a 37.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00. Following the transaction, the chief executive officer now owns 615,855 shares of the company’s stock, valued at $15,944,485.95. This represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 594,259 shares of company stock worth $17,416,855 over the last ninety days. 4.60% of the stock is owned by insiders.

Clearwater Analytics Company Profile

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.