SG Americas Securities LLC Sells 12,982 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

SG Americas Securities LLC reduced its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 67.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,162 shares of the company’s stock after selling 12,982 shares during the period. SG Americas Securities LLC’s holdings in Clearwater Analytics were worth $156,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in shares of Clearwater Analytics by 268.8% in 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 during the last quarter. Benjamin F. Edwards & Company Inc. raised its position 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 worth $34,000 after purchasing an additional 1,549 shares during the period. Amalgamated Bank bought a new stake in Clearwater Analytics in the second quarter worth about $90,000. Point72 Asset Management L.P. purchased a new position in shares of Clearwater Analytics during the second quarter valued at approximately $91,000. Finally, RiverPark Advisors LLC grew its stake in shares of Clearwater Analytics by 361.0% during the first quarter. RiverPark Advisors LLC now owns 5,366 shares of the company’s stock valued at $95,000 after buying an additional 4,202 shares during the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 14,850 shares of the stock in a transaction dated Thursday, August 1st. The stock was 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 directly owns 232,503 shares in the company, valued at approximately $5,119,716.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Warburg Pincus Llc sold 9,000,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $22.41, for a total transaction of $201,690,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James S. Cox sold 14,850 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $22.02, for a total value of $326,997.00. Following the completion of the transaction, the chief financial officer now owns 232,503 shares of the company’s stock, valued at $5,119,716.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,879,543 shares of company stock valued at $247,145,339. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

CWAN has been the subject of a number of recent analyst reports. Citigroup began coverage on shares of Clearwater Analytics in a research note on Monday, August 19th. They set a “buy” rating and a $28.00 target price for the company. Oppenheimer raised their price objective on Clearwater Analytics from $25.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, October 7th. Wells Fargo & Company upped their target price on Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Morgan Stanley raised their price target 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. Finally, Royal Bank of Canada increased their target price on shares of Clearwater Analytics from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.67.

Clearwater Analytics Price Performance

CWAN opened at $26.27 on Friday. The firm has a market capitalization of $6.45 billion, a PE ratio of -328.38, a price-to-earnings-growth ratio of 9.16 and a beta of 0.62. The business’s 50-day moving average is $25.04 and its two-hundred day moving average is $21.10. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $27.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.78 and a quick ratio of 4.78.

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

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.