Wellington Shields & Co. LLC Acquires Shares of 10,000 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Wellington Shields & Co. LLC purchased a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $177,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Clearwater Analytics by 389.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock worth $34,000 after buying an additional 1,549 shares during the last quarter. Eagle Bay Advisors LLC boosted its position in shares of Clearwater Analytics by 213.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock worth $36,000 after purchasing an additional 1,207 shares during the period. Tower Research Capital LLC TRC boosted its position in Clearwater Analytics by 33.7% in 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 purchased a new position in Clearwater Analytics in the 4th quarter valued at approximately $90,000. Finally, RiverPark Advisors LLC boosted its position in Clearwater Analytics by 361.0% in the 1st quarter. RiverPark Advisors LLC now owns 5,366 shares of the company’s stock valued at $95,000 after buying an additional 4,202 shares during the period. Institutional investors and hedge funds own 50.10% of the company’s stock.

Insiders Place Their Bets

In other Clearwater Analytics news, insider Subi Sethi sold 18,599 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were 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 $1,508,519.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Subi Sethi sold 18,599 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $19.46, for a total value of $361,936.54. Following the sale, the insider now directly owns 77,519 shares in the company, valued at $1,508,519.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James S. Cox sold 6,275 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $20.10, for a total transaction of $126,127.50. Following the completion of the sale, the chief financial officer now owns 235,962 shares in the company, valued at $4,742,836.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,193,079 shares of company stock worth $141,831,984. 2.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CWAN. Oppenheimer raised shares of Clearwater Analytics from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a research report on Monday. Wells Fargo & Company cut their price target on shares of Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Morgan Stanley reiterated an “equal weight” rating and set a $19.00 price target on shares of Clearwater Analytics in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. cut 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 note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.00.

Clearwater Analytics Price Performance

NYSE CWAN traded down $0.76 during trading on Wednesday, reaching $17.99. The company’s stock had a trading volume of 386,851 shares, compared to its average volume of 1,423,856. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.61 and a twelve month high of $21.89. The business’s fifty day moving average price is $18.81 and its 200-day moving average price is $18.42. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.11.

Clearwater Analytics (NYSE:CWAN) last posted 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. The firm had revenue of $102.70 million during the quarter, compared to analysts’ expectations of $100.55 million. Clearwater Analytics had a negative net margin of 3.90% and a positive return on equity of 1.25%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. On average, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.13 earnings per share for the current fiscal year.

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.