Steward Partners Investment Advisory LLC Has $397,000 Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Steward Partners Investment Advisory LLC boosted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWANFree Report) by 65.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,798 shares of the company’s stock after buying an additional 7,857 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Clearwater Analytics were worth $397,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Natixis Advisors L.P. boosted its stake in shares of Clearwater Analytics by 1.4% in the 4th quarter. Natixis Advisors L.P. now owns 44,198 shares of the company’s stock valued at $885,000 after purchasing an additional 616 shares in the last quarter. KLR Investment Advisors LLC lifted its holdings in Clearwater Analytics by 5.0% during the 4th quarter. KLR Investment Advisors LLC now owns 16,939 shares of the company’s stock valued at $339,000 after purchasing an additional 801 shares during the last quarter. Eagle Bay Advisors LLC boosted its position in Clearwater Analytics by 213.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock valued at $36,000 after buying an additional 1,207 shares in the last quarter. Swiss National Bank grew its stake in Clearwater Analytics by 1.0% during the third quarter. Swiss National Bank now owns 173,000 shares of the company’s stock worth $3,346,000 after buying an additional 1,700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Clearwater Analytics by 13.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,424 shares of the company’s stock worth $429,000 after buying an additional 2,511 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clearwater Analytics

In other news, insider Subi Sethi sold 18,599 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was 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 directly owns 77,519 shares in the company, valued at approximately $1,508,519.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Subi Sethi sold 18,599 shares of Clearwater Analytics 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 transaction, the insider now directly owns 77,519 shares of the company’s stock, valued at $1,508,519.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $16.90, for a total transaction of $274,625,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,268,600 shares of company stock valued at $274,986,956. 2.10% of the stock is currently owned by company insiders.

Clearwater Analytics Trading Down 0.4 %

CWAN opened at $20.11 on Friday. 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 market cap of $4.94 billion, a price-to-earnings ratio of -252.50, a price-to-earnings-growth ratio of 7.64 and a beta of 0.58. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.59 and a quick ratio of 5.59. The firm has a 50 day simple moving average of $17.72 and a 200 day simple moving average of $18.61.

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

Analysts Set New Price Targets

A number of research firms recently commented on CWAN. Wells Fargo & Company decreased their price target on Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Morgan Stanley restated an “equal weight” rating and issued a $19.00 target price on shares of Clearwater Analytics in a research note on Thursday, May 2nd. Piper Sandler reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Clearwater Analytics in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.70.

View Our Latest Report on CWAN

About Clearwater Analytics

(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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