Kapitalo Investimentos Ltda Takes $211,000 Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Kapitalo Investimentos Ltda acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,552 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors have also recently modified their holdings of CWAN. Tower Research Capital LLC TRC boosted its holdings in Clearwater Analytics by 33.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,442 shares of the company’s stock valued at $49,000 after acquiring an additional 616 shares during the period. Natixis Advisors L.P. boosted its holdings in Clearwater Analytics by 1.4% during the 4th quarter. Natixis Advisors L.P. now owns 44,198 shares of the company’s stock valued at $885,000 after acquiring an additional 616 shares during the period. KLR Investment Advisors LLC boosted its holdings in Clearwater Analytics by 5.0% during the 4th quarter. KLR Investment Advisors LLC now owns 16,939 shares of the company’s stock valued at $339,000 after acquiring an additional 801 shares during the period. Eagle Bay Advisors LLC boosted its holdings in Clearwater Analytics by 213.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock valued at $36,000 after acquiring an additional 1,207 shares during the period. Finally, Swiss National Bank boosted its holdings in Clearwater Analytics by 1.0% during the 3rd quarter. Swiss National Bank now owns 173,000 shares of the company’s stock valued at $3,346,000 after acquiring an additional 1,700 shares during the period. 50.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company dropped their price objective on Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price objective on Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Piper Sandler reiterated a “neutral” rating and issued a $20.00 price objective on shares of Clearwater Analytics in a report on Thursday, February 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price objective on shares of Clearwater Analytics in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.70.

Insider Activity at Clearwater Analytics

In related news, insider Scott Stanley Erickson sold 118,204 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $20.10, for a total transaction of $2,375,900.40. Following the completion of the transaction, the insider now owns 3,315 shares of the company’s stock, valued at approximately $66,631.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Clearwater Analytics news, insider Scott Stanley Erickson sold 118,204 shares of Clearwater Analytics stock in a transaction on Friday, June 7th. The stock was sold at an average price of $20.10, for a total value of $2,375,900.40. Following the completion of the sale, the insider now owns 3,315 shares of the company’s stock, valued at approximately $66,631.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Subi Sethi sold 18,599 shares of Clearwater Analytics stock in a transaction on Monday, May 20th. The stock was sold at an average price of $19.46, for a total value of $361,936.54. Following the completion of the sale, the insider now directly owns 77,519 shares of the company’s stock, valued at approximately $1,508,519.74. The disclosure for this sale can be found here. Insiders sold a total of 7,193,079 shares of company stock valued at $141,831,984 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Clearwater Analytics Trading Down 0.2 %

Shares of NYSE:CWAN opened at $19.01 on Wednesday. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.28 and a 52-week high of $21.89. The stock has a 50 day moving average price of $18.10 and a 200-day moving average price of $18.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.59 and a quick ratio of 5.59.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Clearwater Analytics had a positive return on equity of 1.25% and a negative net margin of 3.90%. The firm had revenue of $102.70 million during the quarter, compared to analyst estimates of $100.55 million. During the same quarter in the prior year, the company earned $0.07 EPS. The business’s revenue was up 21.4% compared to the same quarter last year. On average, equities research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.13 EPS for the current 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.