Whittier Trust Co. of Nevada Inc. Takes $45,000 Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,771 shares of the company’s stock, valued at approximately $45,000.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. lifted its holdings in shares of Clearwater Analytics by 268.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after purchasing an additional 1,234 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Clearwater Analytics by 389.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock valued at $34,000 after acquiring an additional 1,549 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Clearwater Analytics in the 3rd quarter valued at approximately $117,000. Amalgamated Bank bought a new stake in Clearwater Analytics in the 2nd quarter valued at approximately $90,000. Finally, Point72 Asset Management L.P. bought a new stake in Clearwater Analytics in the 2nd quarter valued at approximately $91,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Stock Up 0.2 %

NYSE:CWAN opened at $26.27 on Friday. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of -328.38, a price-to-earnings-growth ratio of 9.16 and a beta of 0.62. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $27.65. The stock’s 50 day moving average price is $25.04 and its two-hundred day moving average price is $21.10. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.11.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $106.79 million for the quarter, compared to analyst estimates of $105.51 million. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. The firm’s revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.03) EPS. Equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total transaction of $489,192.00. Following the transaction, the chief financial officer now directly owns 224,044 shares of the company’s stock, valued at approximately $5,860,991.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.16, for a total transaction of $489,192.00. Following the transaction, the chief financial officer now directly owns 224,044 shares of the company’s stock, valued at approximately $5,860,991.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warburg Pincus Llc sold 9,000,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $22.41, for a total value of $201,690,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,879,543 shares of company stock valued at $247,145,339. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Piper Sandler restated a “neutral” rating and issued a $23.00 target price on shares of Clearwater Analytics in a research note on Monday, September 9th. Oppenheimer boosted their target price on Clearwater Analytics from $25.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Morgan Stanley boosted their target price on Clearwater Analytics from $20.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their target price on Clearwater Analytics from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Finally, Citigroup began coverage on Clearwater Analytics in a research note on Monday, August 19th. They issued a “buy” rating and a $28.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.67.

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.