Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Sold by EAM Investors LLC

EAM Investors LLC trimmed its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 171,576 shares of the company’s stock after selling 3,942 shares during the period. EAM Investors LLC’s holdings in Clearwater Analytics were worth $4,722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after purchasing an additional 468 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Clearwater Analytics by 3.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company’s stock valued at $469,000 after buying an additional 502 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Clearwater Analytics by 11.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company’s stock valued at $142,000 after buying an additional 521 shares during the last quarter. Summit Creek Advisors LLC increased its position in Clearwater Analytics by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company’s stock worth $7,844,000 after buying an additional 833 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Clearwater Analytics by 5.8% in the fourth quarter. Truist Financial Corp now owns 21,915 shares of the company’s stock worth $603,000 after acquiring an additional 1,209 shares during the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Stock Up 1.1 %

Shares of CWAN opened at $23.37 on Wednesday. The firm has a market cap of $5.87 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average is $27.02 and its two-hundred day moving average is $27.80. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71.

Clearwater Analytics (NYSE:CWAN) last posted 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). 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%. Analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO James S. Cox sold 18,700 shares of the company’s 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 sale, the chief financial officer now owns 358,502 shares of the company’s stock, valued at $9,528,983.16. This represents a 4.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $23.09, for a total value of $1,154,500.00. Following the sale, the chief executive officer now owns 876,754 shares in the company, valued at approximately $20,244,249.86. The trade was a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 625,810 shares of company stock valued at $18,045,084. 4.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CWAN has been the topic of a number of analyst reports. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. UBS Group lifted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $28.00 to $36.00 in a research note on Thursday, February 20th. Wells Fargo & Company raised their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada boosted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. One investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $33.80.

Clearwater Analytics 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.