Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP boosted its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 35.6% during the first quarter, Holdings Channel reports. The institutional investor owned 16,391,308 shares of the company’s stock after buying an additional 4,304,286 shares during the period. Clearwater Analytics makes up 1.5% of Wasatch Advisors LP’s portfolio, making the stock its 18th biggest holding. Wasatch Advisors LP owned approximately 0.07% of Clearwater Analytics worth $289,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC boosted its position in shares of Clearwater Analytics by 213.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock worth $36,000 after acquiring an additional 1,207 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Clearwater Analytics by 33.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,442 shares of the company’s stock valued at $49,000 after buying an additional 616 shares during the period. Essex Investment Management Co. LLC acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth $90,000. Asset Management One Co. Ltd. purchased a new position in shares of Clearwater Analytics in the 4th quarter worth $134,000. Finally, D.A. Davidson & CO. acquired a new position in Clearwater Analytics in the fourth quarter valued at $211,000. Hedge funds and other institutional investors own 50.10% of the company’s stock.

Insider Buying and Selling

In other news, Director Warburg Pincus Llc sold 7,000,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $19.71, for a total transaction of $137,970,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Warburg Pincus Llc sold 7,000,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $19.71, for a total value of $137,970,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Subi Sethi sold 18,599 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $19.46, for a total transaction of $361,936.54. Following the transaction, the insider now directly owns 77,519 shares in the company, valued at approximately $1,508,519.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,193,079 shares of company stock worth $141,831,984. 2.10% of the stock is currently owned by corporate insiders.

Clearwater Analytics Stock Down 0.5 %

Shares of CWAN traded down $0.10 during mid-day trading on Tuesday, reaching $18.24. 1,147,423 shares of the stock traded hands, compared to its average volume of 1,438,408. The stock has a fifty day simple moving average of $18.55 and a 200 day simple moving average of $18.46. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.28 and a 12-month high of $21.89. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of -228.00, a P/E/G ratio of 7.23 and a beta of 0.57.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Clearwater Analytics had a negative net margin of 3.90% and a positive return on equity of 1.25%. The firm had revenue of $102.70 million for the quarter, compared to the consensus estimate of $100.55 million. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS. Sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CWAN. Wells Fargo & Company dropped their price target on Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Morgan Stanley reissued an “equal weight” rating and set a $19.00 target price on shares of Clearwater Analytics in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.70.

About Clearwater Analytics

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.