Sanctuary Advisors LLC Makes New Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Sanctuary Advisors LLC acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,203 shares of the company’s stock, valued at approximately $300,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ghisallo Capital Management LLC acquired a new stake in Clearwater Analytics during the 2nd quarter worth about $4,630,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Clearwater Analytics in the second quarter worth about $805,000. Point72 Asset Management L.P. acquired a new stake in shares of Clearwater Analytics during the second quarter worth about $91,000. Algert Global LLC boosted its position in Clearwater Analytics by 19.0% in the second quarter. Algert Global LLC now owns 134,081 shares of the company’s stock valued at $2,483,000 after buying an additional 21,401 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its holdings in Clearwater Analytics by 16.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 54,282 shares of the company’s stock worth $1,005,000 after buying an additional 7,647 shares during the period. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Stock Up 0.9 %

NYSE CWAN opened at $27.40 on Friday. The business has a fifty day moving average price of $24.66 and a 200 day moving average price of $20.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.78 and a current ratio of 4.78. The company has a market cap of $6.73 billion, a P/E ratio of -341.00, a P/E/G ratio of 9.16 and a beta of 0.62. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $27.41.

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

Insider Buying and Selling at Clearwater Analytics

In other news, CFO James S. Cox sold 14,850 shares of Clearwater Analytics stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $22.02, for a total transaction of $326,997.00. Following the transaction, the chief financial officer now owns 232,503 shares in the company, valued at $5,119,716.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Clearwater Analytics news, Director Warburg Pincus Llc sold 9,000,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $22.41, for a total transaction of $201,690,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James S. Cox sold 14,850 shares of Clearwater Analytics stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $22.02, for a total value of $326,997.00. Following the completion of the sale, the chief financial officer now owns 232,503 shares in the company, valued at $5,119,716.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,879,543 shares of company stock worth $247,145,339 in the last three months. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CWAN has been the topic of several recent research reports. Piper Sandler reaffirmed a “neutral” rating and issued a $23.00 price objective on shares of Clearwater Analytics in a report on Monday, September 9th. Wells Fargo & Company increased their price target on Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Citigroup began coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 price objective for the company. Morgan Stanley raised their target price on Clearwater Analytics from $20.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Oppenheimer lifted their price target on Clearwater Analytics from $25.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, October 7th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.67.

Clearwater Analytics Company 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.