Arcadia Investment Management Corp MI Buys New Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Arcadia Investment Management Corp MI purchased a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,057 shares of the company’s stock, valued at approximately $57,000.

Several other large investors have also added to or reduced their stakes in CWAN. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Clearwater Analytics during the 3rd quarter worth approximately $3,677,000. Loomis Sayles & Co. L P grew its stake in Clearwater Analytics by 11.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company’s stock worth $83,186,000 after purchasing an additional 327,880 shares during the period. Swiss National Bank raised its holdings in Clearwater Analytics by 8.5% in the third quarter. Swiss National Bank now owns 312,900 shares of the company’s stock worth $7,901,000 after purchasing an additional 24,600 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in Clearwater Analytics by 189.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock worth $34,926,000 after purchasing an additional 830,684 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in Clearwater Analytics during the third quarter valued at $523,000. Institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 76,256 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $2,293,017.92. Following the transaction, the executive now directly owns 78,363 shares of the company’s stock, valued at $2,356,375.41. This represents a 49.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sandeep Sahai sold 139,172 shares of Clearwater Analytics stock in a transaction on Monday, December 9th. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68. Following the completion of the sale, the chief executive officer now directly owns 441,724 shares of the company’s stock, valued at $12,783,492.56. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 733,431 shares of company stock worth $21,444,493. Company insiders own 4.60% of the company’s stock.

Clearwater Analytics Stock Performance

CWAN stock opened at $31.35 on Friday. The stock’s 50 day simple moving average is $28.03 and its 200 day simple moving average is $27.11. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The stock has a market capitalization of $7.74 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 7.43 and a beta of 0.72.

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

Analyst Upgrades and Downgrades

CWAN has been the subject of several research reports. UBS Group increased their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their target price for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. The Goldman Sachs Group lifted their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their price target on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Piper Sandler upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $28.00 to $36.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.80.

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.