LPL Financial LLC Has $2.89 Million Stake in Clearwater Analytics Holdings, Inc. $CWAN

LPL Financial LLC lifted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 25.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,179 shares of the company’s stock after purchasing an additional 23,630 shares during the quarter. LPL Financial LLC’s holdings in Clearwater Analytics were worth $2,888,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Clearwater Analytics in the first quarter valued at $314,000. Yorktown Management & Research Co Inc acquired a new position in shares of Clearwater Analytics in the first quarter valued at $409,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Clearwater Analytics in the fourth quarter valued at $8,580,000. GAMMA Investing LLC raised its stake in shares of Clearwater Analytics by 2,644.7% in the first quarter. GAMMA Investing LLC now owns 35,242 shares of the company’s stock valued at $944,000 after purchasing an additional 33,958 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Clearwater Analytics by 10.0% in the first quarter. Rhumbline Advisers now owns 259,291 shares of the company’s stock valued at $6,949,000 after purchasing an additional 23,644 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of the company’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $22.15, for a total transaction of $1,107,500.00. Following the transaction, the chief executive officer owned 895,663 shares of the company’s stock, valued at $19,838,935.45. This represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $22.50, for a total value of $420,750.00. Following the completion of the transaction, the chief financial officer directly owned 348,964 shares in the company, valued at $7,851,690. The trade was a 5.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 208,107 shares of company stock valued at $4,629,708 over the last ninety days. Company insiders own 3.31% of the company’s stock.

Clearwater Analytics Price Performance

Shares of CWAN stock opened at $19.24 on Monday. The stock’s fifty day moving average is $21.48 and its 200-day moving average is $24.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a market capitalization of $5.63 billion, a PE ratio of 12.10, a PEG ratio of 4.53 and a beta of 0.73. Clearwater Analytics Holdings, Inc. has a 52 week low of $17.98 and a 52 week high of $35.71.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, August 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). Clearwater Analytics had a return on equity of 3.23% and a net margin of 73.74%. The business had revenue of $181.94 million for the quarter, compared to the consensus estimate of $174.16 million. During the same quarter in the previous year, the company posted $0.10 EPS. Clearwater Analytics’s revenue for the quarter was up 70.4% on a year-over-year basis. Equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on CWAN. Piper Sandler set a $27.00 target price on Clearwater Analytics and gave the company an “overweight” rating in a research note on Tuesday, June 24th. Oppenheimer lowered their price target on Clearwater Analytics from $40.00 to $36.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 11th. DA Davidson lowered their price target on Clearwater Analytics from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a research report on Friday, April 25th. They issued an “overweight” rating and a $28.00 price target on the stock. Finally, The Goldman Sachs Group upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Monday, August 11th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $32.20.

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.