Sanctuary Advisors LLC Has $582,000 Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Sanctuary Advisors LLC lessened its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,429 shares of the company’s stock after selling 697 shares during the quarter. Sanctuary Advisors LLC’s holdings in Clearwater Analytics were worth $582,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after purchasing an additional 468 shares during the last quarter. R Squared Ltd acquired a new stake in Clearwater Analytics in the 4th quarter valued at $80,000. Nisa Investment Advisors LLC lifted its position in Clearwater Analytics by 174.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after buying an additional 1,987 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock worth $90,000 after buying an additional 995 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Clearwater Analytics by 11.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company’s stock valued at $142,000 after acquiring an additional 521 shares in the last quarter. Institutional investors own 50.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank of Canada increased their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. The Goldman Sachs Group raised their target price on shares of Clearwater Analytics from $20.00 to $22.00 and gave the company a “sell” rating in a research note on Thursday, November 7th. DA Davidson raised shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Morgan Stanley reiterated an “overweight” rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, Wells Fargo & Company upped their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Clearwater Analytics has a consensus rating of “Moderate Buy” and an average target price of $33.80.

Insider Buying and Selling at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 139,172 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $28.94, for a total value of $4,027,637.68. Following the transaction, the chief executive officer now directly owns 441,724 shares in the company, valued at approximately $12,783,492.56. This represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Scott Stanley Erickson sold 76,256 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $2,293,017.92. Following the transaction, the executive now directly owns 78,363 shares in the company, valued at approximately $2,356,375.41. This represents a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 733,431 shares of company stock valued at $21,444,493 in the last ninety days. 4.60% of the stock is currently owned by corporate insiders.

Clearwater Analytics Stock Performance

Shares of CWAN stock opened at $31.13 on Friday. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 8.23 and a beta of 0.72. The company has a 50-day simple moving average of $28.20 and a 200 day simple moving average of $27.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Clearwater Analytics (NYSE:CWAN) last posted its earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. On average, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

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.