Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Stock Position Increased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 21.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,459 shares of the company’s stock after buying an additional 2,734 shares during the quarter. Victory Capital Management Inc.’s holdings in Clearwater Analytics were worth $286,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CWAN. Kornitzer Capital Management Inc. KS boosted its holdings in Clearwater Analytics by 40.6% during the second quarter. Kornitzer Capital Management Inc. KS now owns 401,365 shares of the company’s stock worth $7,433,000 after buying an additional 115,855 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Clearwater Analytics by 8,171.7% during the 2nd quarter. Rhumbline Advisers now owns 185,948 shares of the company’s stock worth $3,444,000 after acquiring an additional 183,700 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Clearwater Analytics by 4.2% during the 2nd quarter. Natixis Advisors LLC now owns 44,754 shares of the company’s stock worth $829,000 after acquiring an additional 1,813 shares in the last quarter. Equitable Trust Co. grew its holdings in shares of Clearwater Analytics by 21.5% in the 2nd quarter. Equitable Trust Co. now owns 29,842 shares of the company’s stock worth $553,000 after acquiring an additional 5,277 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Clearwater Analytics during the second quarter worth $215,000. Institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CWAN shares. Wells Fargo & Company lifted their price target on Clearwater Analytics from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Oppenheimer upgraded shares of Clearwater Analytics from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a report on Monday, July 8th. Citigroup initiated coverage on shares of Clearwater Analytics in a research report on Monday, August 19th. They issued a “buy” rating and a $28.00 price target for the company. Piper Sandler reiterated a “neutral” rating and set a $23.00 price objective on shares of Clearwater Analytics in a research report on Monday, September 9th. Finally, Royal Bank of Canada increased their target price on Clearwater Analytics from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.90.

Clearwater Analytics Trading Up 1.5 %

Clearwater Analytics stock opened at $25.66 on Tuesday. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $25.81. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.31 billion, a P/E ratio of -320.75, a P/E/G ratio of 8.54 and a beta of 0.61. The company’s fifty day simple moving average is $23.01 and its 200-day simple moving average is $19.74.

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

Insider Buying and Selling

In other Clearwater Analytics news, insider Subi Sethi sold 21,497 shares of Clearwater Analytics stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $24.30, for a total value of $522,377.10. Following the completion of the sale, the insider now directly owns 81,812 shares in the company, valued at $1,988,031.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $24.44, for a total transaction of $457,028.00. Following the completion of the sale, the chief financial officer now owns 227,503 shares in the company, valued at approximately $5,560,173.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Subi Sethi sold 21,497 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $24.30, for a total value of $522,377.10. Following the completion of the transaction, the insider now directly owns 81,812 shares in the company, valued at $1,988,031.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,897,118 shares of company stock worth $247,319,596. Insiders own 2.10% of the company’s stock.

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.