Blair William & Co. IL Raises Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Blair William & Co. IL raised its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 3,835.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,754,732 shares of the company’s stock after acquiring an additional 1,710,141 shares during the period. Blair William & Co. IL’s holdings in Clearwater Analytics were worth $48,290,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after acquiring an additional 468 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Clearwater Analytics by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company’s stock valued at $469,000 after purchasing an additional 502 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Clearwater Analytics by 11.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company’s stock worth $142,000 after purchasing an additional 521 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of Clearwater Analytics by 5.5% in the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company’s stock worth $288,000 after buying an additional 598 shares during the period. Finally, Summit Creek Advisors LLC raised its holdings in Clearwater Analytics by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company’s stock valued at $7,844,000 after buying an additional 833 shares during the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CWAN has been the topic of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Wells Fargo & Company increased their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Oppenheimer boosted their target price on Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Clearwater Analytics presently has an average rating of “Moderate Buy” and an average price target of $33.80.

Insider Buying and Selling

In other news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.58, for a total value of $497,046.00. Following the completion of the transaction, the chief financial officer now owns 358,502 shares of the company’s stock, valued at $9,528,983.16. The trade was a 4.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sandeep Sahai sold 218,687 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the completion of the transaction, the chief executive officer now owns 681,588 shares in the company, valued at approximately $20,495,351.16. The trade was a 24.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock valued at $18,688,862 over the last quarter. Corporate insiders own 4.60% of the company’s stock.

Clearwater Analytics Trading Down 0.9 %

CWAN opened at $27.05 on Friday. 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. The stock has a market cap of $6.79 billion, a PE ratio of 16.29, a PEG ratio of 8.23 and a beta of 0.69. The business has a 50 day moving average of $28.31 and a 200-day moving average of $27.86.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 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 analysts’ expectations of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. Equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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.