D.A. Davidson & CO. Makes New $211,000 Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

D.A. Davidson & CO. bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWANFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,545 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors have also made changes to their positions in CWAN. Allspring Global Investments Holdings LLC lifted its position in shares of Clearwater Analytics by 65.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,387,928 shares of the company’s stock valued at $67,860,000 after acquiring an additional 1,335,802 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Clearwater Analytics by 13.8% in the third quarter. Vanguard Group Inc. now owns 9,450,888 shares of the company’s stock worth $182,780,000 after buying an additional 1,148,338 shares during the period. Loomis Sayles & Co. L P purchased a new position in shares of Clearwater Analytics during the third quarter valued at $19,506,000. TimesSquare Capital Management LLC raised its position in Clearwater Analytics by 118.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,751,540 shares of the company’s stock valued at $35,083,000 after buying an additional 949,290 shares during the period. Finally, Brown Advisory Inc. raised its position in Clearwater Analytics by 171.7% during the fourth quarter. Brown Advisory Inc. now owns 1,139,777 shares of the company’s stock valued at $22,830,000 after buying an additional 720,312 shares during the period. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Price Performance

NYSE CWAN opened at $18.98 on Friday. The firm has a market cap of $4.66 billion, a P/E ratio of -231.25, a price-to-earnings-growth ratio of 7.39 and a beta of 0.50. The stock’s 50-day moving average is $17.52 and its two-hundred day moving average is $18.67. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $21.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.59 and a quick ratio of 5.59.

Clearwater Analytics (NYSE:CWANGet Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Clearwater Analytics had a positive return on equity of 1.25% and a negative net margin of 3.90%. The firm had revenue of $102.70 million during the quarter, compared to analyst estimates of $100.55 million. During the same period in the previous year, the company earned $0.07 EPS. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on CWAN shares. DA Davidson reaffirmed a “buy” rating and set a $24.00 target price on shares of Clearwater Analytics in a research note on Monday, February 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 price objective on shares of Clearwater Analytics in a research report on Thursday, May 2nd. JPMorgan Chase & Co. cut their target price on shares of Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Wells Fargo & Company lowered their price target on shares of Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Piper Sandler reiterated a “neutral” rating and set a $20.00 price objective on shares of Clearwater Analytics in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.70.

Check Out Our Latest Stock Report on Clearwater Analytics

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 18,599 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $19.46, for a total transaction of $361,936.54. Following the completion of the transaction, the insider now owns 77,519 shares of the company’s stock, valued at approximately $1,508,519.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $16.90, for a total transaction of $274,625,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Subi Sethi sold 18,599 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $19.46, for a total transaction of $361,936.54. Following the completion of the transaction, the insider now owns 77,519 shares in the company, valued at $1,508,519.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,268,600 shares of company stock worth $274,986,956. 2.10% of the stock is owned by insiders.

Clearwater Analytics Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Clearwater Analytics (NYSE:CWAN)

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