NBC Securities Inc. Buys 12,146 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

NBC Securities Inc. raised its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 53.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,065 shares of the company’s stock after buying an additional 12,146 shares during the period. NBC Securities Inc.’s holdings in Clearwater Analytics were worth $621,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CWAN. Vanguard Group Inc. grew its holdings in shares of Clearwater Analytics by 36.6% during the 4th quarter. Vanguard Group Inc. now owns 12,912,046 shares of the company’s stock valued at $258,628,000 after purchasing an additional 3,461,158 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Clearwater Analytics by 17.9% during the 4th quarter. Wasatch Advisors LP now owns 12,087,022 shares of the company’s stock valued at $242,103,000 after purchasing an additional 1,831,571 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Clearwater Analytics by 65.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,387,928 shares of the company’s stock valued at $67,860,000 after purchasing an additional 1,335,802 shares during the last quarter. Capital World Investors grew its holdings in shares of Clearwater Analytics by 60.5% during the 4th quarter. Capital World Investors now owns 3,051,500 shares of the company’s stock valued at $61,122,000 after purchasing an additional 1,150,538 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Clearwater Analytics by 118.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,751,540 shares of the company’s stock valued at $35,083,000 after purchasing an additional 949,290 shares during the last quarter. Institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Clearwater Analytics Trading Down 2.4 %

NYSE:CWAN opened at $18.56 on Friday. The company has a 50-day moving average price of $18.20 and a 200-day moving average price of $18.51. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.28 and a 12 month high of $21.89. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of -232.00, a P/E/G ratio of 7.43 and a beta of 0.58.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Clearwater Analytics had a negative net margin of 3.90% and a positive return on equity of 1.25%. The firm had revenue of $102.70 million during the quarter, compared to analysts’ expectations of $100.55 million. During the same period last year, the company posted $0.07 EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. Equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.13 EPS for the current year.

Insider Buying and Selling

In related news, insider Subi Sethi sold 18,599 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $19.46, for a total value of $361,936.54. Following the completion of the transaction, the insider now directly owns 77,519 shares in the company, valued at approximately $1,508,519.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Clearwater Analytics news, CFO James S. Cox sold 6,275 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $20.10, for a total transaction of $126,127.50. Following the completion of the sale, the chief financial officer now directly owns 235,962 shares in the company, valued at approximately $4,742,836.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Subi Sethi sold 18,599 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $19.46, for a total transaction of $361,936.54. Following the sale, the insider now owns 77,519 shares of the company’s stock, valued at $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 worth $141,831,984 in the last three months. 2.10% of the stock is owned by corporate insiders.

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.