Clearwater Analytics Holdings, Inc. $CWAN Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 29.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 833,353 shares of the company’s stock after selling 348,246 shares during the period. Arrowstreet Capital Limited Partnership owned 0.29% of Clearwater Analytics worth $18,275,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CWAN. Intech Investment Management LLC lifted its holdings in shares of Clearwater Analytics by 46.4% in the 2nd quarter. Intech Investment Management LLC now owns 157,281 shares of the company’s stock worth $3,449,000 after purchasing an additional 49,845 shares during the last quarter. Future Fund LLC acquired a new stake in Clearwater Analytics in the second quarter worth $732,000. Hillsdale Investment Management Inc. increased its position in Clearwater Analytics by 28.0% in the second quarter. Hillsdale Investment Management Inc. now owns 190,950 shares of the company’s stock worth $4,188,000 after buying an additional 41,800 shares during the period. Segall Bryant & Hamill LLC lifted its stake in Clearwater Analytics by 20.4% in the second quarter. Segall Bryant & Hamill LLC now owns 384,634 shares of the company’s stock valued at $8,435,000 after buying an additional 65,141 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Clearwater Analytics by 8.2% during the second quarter. Swiss National Bank now owns 447,996 shares of the company’s stock valued at $9,825,000 after acquiring an additional 33,896 shares during the period. Institutional investors own 50.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CWAN shares. Zacks Research raised shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Royal Bank Of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Clearwater Analytics in a research report on Wednesday, September 17th. DA Davidson reaffirmed a “buy” rating and set a $30.00 price target on shares of Clearwater Analytics in a report on Tuesday, November 18th. UBS Group reduced their price objective 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. Finally, JPMorgan Chase & Co. decreased their price objective on Clearwater Analytics from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.56.

Clearwater Analytics Stock Performance

Shares of NYSE CWAN opened at $21.71 on Monday. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.73 and a 1 year high of $32.00. The firm has a market cap of $6.35 billion, a P/E ratio of 14.19, a PEG ratio of 5.71 and a beta of 0.67. The stock has a fifty day moving average price of $19.10 and a two-hundred day moving average price of $20.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 1.97.

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

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

Insider Buying and Selling

In other news, CFO James S. Cox sold 29,700 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were 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 trade represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sandeep Sahai sold 16,592 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was 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 owned 913,600 shares in the company, valued at $16,152,448. The trade was a 1.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 103,302 shares of company stock worth $2,001,926 in the last ninety days. Insiders own 3.31% of the company’s stock.

Clearwater Analytics 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.