Headlands Technologies LLC Buys New Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Headlands Technologies LLC purchased a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,403 shares of the company’s stock, valued at approximately $176,000.

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

Insider Transactions at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $27.63, for a total value of $1,381,500.00. Following the completion of the transaction, the chief executive officer now owns 615,855 shares in the company, valued at $17,016,073.65. The trade was a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.58, for a total value of $497,046.00. Following the transaction, the chief financial officer now directly owns 358,502 shares in the company, valued at approximately $9,528,983.16. The trade was a 4.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 644,510 shares of company stock valued at $18,688,862 in the last quarter. 4.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CWAN. Morgan Stanley reiterated an “overweight” rating and issued a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Royal Bank of Canada lifted their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. 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, Piper Sandler upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $28.00 to $36.00 in a research report 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.80.

Clearwater Analytics Price Performance

Shares of CWAN opened at $23.45 on Friday. The firm’s 50-day simple moving average is $28.01 and its two-hundred day simple moving average is $27.97. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The stock has a market cap of $5.89 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share 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 company had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. Analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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.