Ashford Capital Management Inc. Boosts Stock Holdings in Clearwater Analytics Holdings, Inc. $CWAN

Ashford Capital Management Inc. grew its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 63.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 915,444 shares of the company’s stock after purchasing an additional 357,035 shares during the period. Clearwater Analytics makes up about 2.4% of Ashford Capital Management Inc.’s holdings, making the stock its 15th biggest position. Ashford Capital Management Inc. owned about 0.31% of Clearwater Analytics worth $20,076,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in 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 acquiring an additional 1,121 shares during the period. Bessemer Group Inc. grew its position in shares of Clearwater Analytics by 84.6% in the second quarter. Bessemer Group Inc. now owns 1,545 shares of the company’s stock valued at $35,000 after purchasing an additional 708 shares in the last quarter. Quarry LP raised its stake in shares of Clearwater Analytics by 979.4% during the 1st quarter. Quarry LP now owns 2,094 shares of the company’s stock valued at $56,000 after purchasing an additional 1,900 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Clearwater Analytics by 36.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,288 shares of the company’s stock worth $94,000 after purchasing an additional 1,151 shares in the last quarter. Finally, Hilltop National Bank bought a new position in Clearwater Analytics in the 2nd quarter worth about $108,000. 50.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and set a $27.00 price target on shares of Clearwater Analytics in a research report on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a research note on Monday, December 8th. Zacks Research upgraded shares of Clearwater Analytics from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Clearwater Analytics in a report on Wednesday, September 17th. Finally, Wall Street Zen lowered Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Clearwater Analytics currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.56.

Insider Activity

In other Clearwater Analytics news, CTO Souvik Das sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $21.59, for a total transaction of $215,900.00. Following the completion of the transaction, the chief technology officer owned 96,186 shares of the company’s stock, valued at $2,076,655.74. This represents a 9.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Scott Stanley Erickson sold 4,505 shares of Clearwater Analytics stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $17.68, for a total value of $79,648.40. Following the completion of the sale, the executive owned 19,552 shares in the company, valued at approximately $345,679.36. This represents a 18.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 113,302 shares of company stock valued at $2,217,826. 3.31% of the stock is owned by corporate insiders.

Clearwater Analytics Trading Down 0.2%

Shares of CWAN stock opened at $21.79 on Friday. The business has a 50-day moving average of $19.47 and a 200 day moving average of $20.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.73 and a 1-year high of $32.00. The stock has a market capitalization of $6.38 billion, a PE ratio of 14.24, a P/E/G ratio of 5.74 and a beta of 0.67.

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). Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The company had revenue of $205.11 million during the quarter, compared to the consensus estimate of $203.66 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 77.1% compared to the same quarter last year. As a group, sell-side 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 approved a share repurchase program on Wednesday, September 3rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 1.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.