B. Metzler seel. Sohn & Co. AG Sells 64,501 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

B. Metzler seel. Sohn & Co. AG lowered its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 44.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 81,103 shares of the company’s stock after selling 64,501 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Clearwater Analytics were worth $2,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics during the fourth quarter valued at $57,000. R Squared Ltd purchased a new stake in shares of Clearwater Analytics in the fourth quarter valued at $80,000. Nisa Investment Advisors LLC lifted its holdings in shares of Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after acquiring an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Clearwater Analytics during the 4th quarter worth about $88,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $26.58, for a total transaction of $497,046.00. Following the completion of the transaction, the chief financial officer now owns 358,502 shares in the company, valued at $9,528,983.16. The trade was a 4.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction on Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the completion of the transaction, the chief executive officer now directly owns 615,855 shares in the company, valued at $15,944,485.95. This represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 644,510 shares of company stock valued at $18,688,862. Corporate insiders own 4.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. 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. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price objective for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. UBS Group lifted their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company upped their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat, Clearwater Analytics currently has an average rating of “Moderate Buy” and a consensus target price of $33.80.

Clearwater Analytics Stock Up 2.0 %

Shares of Clearwater Analytics stock opened at $26.72 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 8.23 and a beta of 0.69. The firm’s 50-day moving average is $28.17 and its two-hundred day moving average is $27.97. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71.

Clearwater Analytics (NYSE:CWAN) last issued 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 business 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%. As a group, research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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.