Clearwater Analytics Holdings, Inc. $CWAN Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,373 shares of the company’s stock after buying an additional 9,552 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Clearwater Analytics were worth $2,985,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Clearwater Analytics by 11.3% during the first quarter. Vanguard Group Inc. now owns 23,246,312 shares of the company’s stock worth $623,001,000 after buying an additional 2,366,715 shares during the period. Wellington Management Group LLP lifted its position in Clearwater Analytics by 7.7% in the first quarter. Wellington Management Group LLP now owns 6,412,929 shares of the company’s stock valued at $171,866,000 after purchasing an additional 458,444 shares during the period. Invesco Ltd. lifted its position in Clearwater Analytics by 34.1% in the first quarter. Invesco Ltd. now owns 5,706,337 shares of the company’s stock valued at $152,930,000 after purchasing an additional 1,452,474 shares during the period. Driehaus Capital Management LLC lifted its position in Clearwater Analytics by 23.8% in the first quarter. Driehaus Capital Management LLC now owns 2,742,511 shares of the company’s stock valued at $73,499,000 after purchasing an additional 528,059 shares during the period. Finally, Blair William & Co. IL lifted its position in Clearwater Analytics by 44.4% in the first quarter. Blair William & Co. IL now owns 2,534,270 shares of the company’s stock valued at $67,918,000 after purchasing an additional 779,538 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insider Buying and Selling at Clearwater Analytics

In related news, insider Subi Sethi sold 7,358 shares of Clearwater Analytics stock in a transaction on Monday, June 30th. The shares were sold at an average price of $21.67, for a total transaction of $159,447.86. Following the transaction, the insider owned 218,788 shares in the company, valued at approximately $4,741,135.96. The trade was a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James S. Cox sold 18,700 shares of the business’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $22.50, for a total transaction of $420,750.00. Following the completion of the transaction, the chief financial officer owned 348,964 shares in the company, valued at $7,851,690. This represents a 5.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 226,748 shares of company stock worth $4,848,614. Insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Zacks Research upgraded shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. DA Davidson reduced their price objective on shares of Clearwater Analytics from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Piper Sandler set a $27.00 price objective on shares of Clearwater Analytics and gave the company an “overweight” rating in a research report on Tuesday, June 24th. The Goldman Sachs Group upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Monday, August 11th. Finally, Oppenheimer reduced their price objective on shares of Clearwater Analytics from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, June 11th. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Clearwater Analytics presently has a consensus rating of “Moderate Buy” and an average price target of $32.67.

Clearwater Analytics Stock Down 1.5%

CWAN stock opened at $19.61 on Friday. The stock has a market capitalization of $5.73 billion, a P/E ratio of 12.33, a PEG ratio of 5.04 and a beta of 0.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.02 and a current ratio of 2.02. Clearwater Analytics Holdings, Inc. has a one year low of $17.98 and a one year high of $35.71. The company has a 50 day moving average price of $20.60 and a two-hundred day moving average price of $22.97.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $181.94 million during the quarter, compared to analyst estimates of $174.16 million. Clearwater Analytics had a net margin of 73.74% and a return on equity of 3.23%. The firm’s revenue for the quarter was up 70.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS. As a group, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Clearwater Analytics announced that its Board of Directors has approved a stock repurchase plan on Wednesday, September 3rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 1.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.