Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 137.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,549 shares of the company’s stock after acquiring an additional 52,931 shares during the period. LPL Financial LLC’s holdings in Clearwater Analytics were worth $2,537,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CWAN. Fox Run Management L.L.C. purchased a new position in shares of Clearwater Analytics during the 4th quarter worth approximately $869,000. KLP Kapitalforvaltning AS acquired a new position in shares of Clearwater Analytics in the fourth quarter worth $1,112,000. Quantbot Technologies LP raised its holdings in shares of Clearwater Analytics by 211.4% in the fourth quarter. Quantbot Technologies LP now owns 256,336 shares of the company’s stock worth $7,054,000 after acquiring an additional 174,013 shares during the last quarter. Sciencast Management LP purchased a new stake in shares of Clearwater Analytics in the fourth quarter valued at $1,392,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Clearwater Analytics during the fourth quarter valued at $626,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CWAN shares. Royal Bank of Canada upped their target price 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. Morgan Stanley reissued an “overweight” rating and set a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. UBS Group lifted their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Finally, Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and an average target price of $33.80.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total value of $503,778.00. Following the transaction, the chief financial officer now directly owns 279,857 shares of the company’s stock, valued at $7,539,347.58. This trade represents a 6.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Subi Sethi sold 62,482 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $1,878,833.74. Following the completion of the sale, the insider now directly owns 144,973 shares of the company’s stock, valued at $4,359,338.11. The trade was a 30.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 594,510 shares of company stock valued at $17,394,362 over the last ninety days. Corporate insiders own 4.60% of the company’s stock.

Clearwater Analytics Trading Down 0.2 %

CWAN stock opened at $23.02 on Monday. 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 cap of $5.78 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 8.23 and a beta of 0.76. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $27.25 and a 200-day simple moving average of $27.85.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The firm had revenue of $126.47 million during the quarter, compared to analysts’ expectations of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. On average, equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS 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.