Victory Capital Management Inc. Has $605,000 Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Victory Capital Management Inc. boosted its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,001 shares of the company’s stock after purchasing an additional 4,578 shares during the quarter. Victory Capital Management Inc.’s holdings in Clearwater Analytics were worth $605,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Clearwater Analytics by 57.4% during 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 period. Arcadia Investment Management Corp MI acquired a new position in Clearwater Analytics during the fourth quarter valued at approximately $57,000. R Squared Ltd acquired a new position in Clearwater Analytics during the fourth quarter valued at approximately $80,000. Nisa Investment Advisors LLC boosted its holdings in shares of Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock valued at $86,000 after buying an additional 1,987 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after buying an additional 995 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

CWAN has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. Piper Sandler upgraded shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and upped their price target for the company from $28.00 to $36.00 in a report on Thursday, February 20th. UBS Group upped their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, 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 report on Friday, February 21st. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to MarketBeat, Clearwater Analytics presently has an average rating of “Moderate Buy” and a consensus price target of $33.80.

Insiders Place Their Bets

In other news, insider Subi Sethi sold 62,482 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $1,878,833.74. Following the transaction, the insider now directly owns 144,973 shares of the company’s stock, valued at $4,359,338.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the completion of the transaction, the chief executive officer now directly owns 615,855 shares in the company, valued at $15,944,485.95. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 644,510 shares of company stock valued at $18,688,862. 4.60% of the stock is currently owned by corporate insiders.

Clearwater Analytics Stock Performance

NYSE CWAN opened at $26.52 on Friday. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average price is $28.26 and its two-hundred day moving average price is $27.77. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The firm has a market capitalization of $6.66 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69.

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

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.