Blueshift Asset Management LLC Makes New $556,000 Investment in Clearwater Analytics Holdings, Inc. $CWAN

Blueshift Asset Management LLC bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 25,331 shares of the company’s stock, valued at approximately $556,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Redwood Investments LLC raised its holdings in Clearwater Analytics by 0.8% in the 1st quarter. Redwood Investments LLC now owns 74,651 shares of the company’s stock worth $2,001,000 after purchasing an additional 608 shares during the period. Bessemer Group Inc. raised its stake in shares of Clearwater Analytics by 84.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock worth $35,000 after buying an additional 708 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Clearwater Analytics by 278.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,523 shares of the company’s stock valued at $33,000 after buying an additional 1,121 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Clearwater Analytics by 36.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock valued at $94,000 after acquiring an additional 1,151 shares during the period. Finally, Cetera Investment Advisers increased its holdings in Clearwater Analytics by 8.3% in the 1st quarter. Cetera Investment Advisers now owns 15,423 shares of the company’s stock worth $413,000 after acquiring an additional 1,180 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CWAN shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Clearwater Analytics in a report on Wednesday, September 17th. Wall Street Zen downgraded shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. The Goldman Sachs Group upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Monday, August 11th. Zacks Research upgraded Clearwater Analytics from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Finally, UBS Group dropped their price target on Clearwater Analytics from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.56.

Clearwater Analytics Stock Down 1.1%

NYSE CWAN opened at $21.06 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.42. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.73 and a 52 week high of $32.00. The business’s fifty day simple moving average is $18.89 and its 200-day simple moving average is $20.39. The firm has a market cap of $6.16 billion, a PE ratio of 13.76, a P/E/G ratio of 5.60 and a beta of 0.67.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. Clearwater Analytics had a return on equity of 2.77% and a net margin of 61.28%.Clearwater Analytics’s revenue for the quarter was up 77.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share. As a group, equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Clearwater Analytics announced that its Board of Directors has initiated a share 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 buy up to 1.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 16,592 shares of Clearwater Analytics stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $17.68, for a total transaction of $293,346.56. Following the completion of the sale, the chief executive officer directly owned 913,600 shares in the company, valued at $16,152,448. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James S. Cox sold 29,700 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $22.00, for a total transaction of $653,400.00. Following the completion of the transaction, the chief financial officer owned 333,983 shares in the company, valued at approximately $7,347,626. This represents a 8.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,302 shares of company stock valued at $2,207,626 in the last ninety days. Company insiders own 3.31% of the company’s stock.

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.