Vanguard Group Inc. Boosts Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Vanguard Group Inc. raised its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 36.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,912,046 shares of the company’s stock after purchasing an additional 3,461,158 shares during the period. Vanguard Group Inc. owned about 5.28% of Clearwater Analytics worth $258,628,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Eagle Bay Advisors LLC boosted its position in Clearwater Analytics by 213.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock worth $36,000 after acquiring an additional 1,207 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Clearwater Analytics by 33.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,442 shares of the company’s stock valued at $49,000 after purchasing an additional 616 shares during the period. Essex Investment Management Co. LLC acquired a new position in Clearwater Analytics in the fourth quarter valued at $90,000. Asset Management One Co. Ltd. purchased a new position in Clearwater Analytics during the fourth quarter worth about $134,000. Finally, D.A. Davidson & CO. purchased a new stake in Clearwater Analytics in the 4th quarter valued at about $211,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on CWAN. Wells Fargo & Company decreased their target price on shares of Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $19.00 target price 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 given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.70.

Clearwater Analytics Trading Up 0.4 %

NYSE:CWAN opened at $18.52 on Monday. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.28 and a 12 month high of $21.89. The business’s 50-day moving average is $18.48 and its two-hundred day moving average is $18.48. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.59 and a quick ratio of 5.59. The firm has a market capitalization of $4.55 billion, a PE ratio of -231.50, a price-to-earnings-growth ratio of 7.23 and a beta of 0.58.

Clearwater Analytics (NYSE:CWAN) last released its quarterly 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 positive return on equity of 1.25% and a negative net margin of 3.90%. The firm had revenue of $102.70 million for the quarter, compared to analyst estimates of $100.55 million. During the same period in the previous year, the company posted $0.07 EPS. Clearwater Analytics’s revenue for the quarter was up 21.4% on a year-over-year basis. Research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Subi Sethi sold 18,599 shares of Clearwater Analytics stock in a transaction on 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 approximately $1,508,519.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO James S. Cox sold 6,275 shares of the firm’s stock in a transaction that occurred on 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 owns 235,962 shares of the company’s stock, valued at $4,742,836.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Subi Sethi sold 18,599 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $19.46, for a total transaction of $361,936.54. Following the completion of the sale, the insider now directly owns 77,519 shares in the company, valued at $1,508,519.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,193,079 shares of company stock worth $141,831,984. 2.10% of the stock is currently owned by company insiders.

About Clearwater Analytics

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.