Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lowered its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 36.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,952 shares of the company’s stock after selling 62,667 shares during the quarter. Quadrature Capital Ltd’s holdings in Clearwater Analytics were worth $1,891,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its position in Clearwater Analytics by 268.8% during the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company’s stock valued at $30,000 after buying an additional 1,234 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Clearwater Analytics by 389.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,947 shares of the company’s stock valued at $34,000 after buying an additional 1,549 shares during the period. Eagle Bay Advisors LLC grew its position in Clearwater Analytics by 213.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,773 shares of the company’s stock valued at $36,000 after buying an additional 1,207 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Clearwater Analytics by 33.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,442 shares of the company’s stock valued at $49,000 after purchasing an additional 616 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $90,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Trading Up 2.1 %

CWAN stock traded up $0.43 during trading on Friday, reaching $20.60. 1,375,168 shares of the stock were exchanged, compared to its average volume of 2,463,907. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $19.18 and a 200-day moving average price of $18.42. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $21.89. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of -257.50, a P/E/G ratio of 7.88 and a beta of 0.57.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results on Wednesday, May 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $102.70 million for the quarter, compared to the consensus estimate of $100.55 million. During the same period in the previous year, the firm earned $0.07 earnings per share. Clearwater Analytics’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

CWAN has been the topic of several research analyst reports. Wells Fargo & Company dropped their target price on shares of Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their target price 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. Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 target price on shares of Clearwater Analytics in a research report on Thursday, May 2nd. Finally, Oppenheimer upgraded shares of Clearwater Analytics from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Clearwater Analytics presently has an average rating of “Moderate Buy” and an average price target of $22.00.

Insiders Place Their Bets

In other Clearwater Analytics news, CTO Souvik Das sold 25,000 shares of Clearwater Analytics stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $18.92, for a total transaction of $473,000.00. Following the completion of the sale, the chief technology officer now directly owns 10,453 shares in the company, valued at $197,770.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Scott Stanley Erickson sold 118,204 shares of Clearwater Analytics stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $20.10, for a total value of $2,375,900.40. Following the completion of the transaction, the insider now owns 3,315 shares in the company, valued at $66,631.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Souvik Das sold 25,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $18.92, for a total transaction of $473,000.00. Following the completion of the transaction, the chief technology officer now owns 10,453 shares of the company’s stock, valued at approximately $197,770.76. The disclosure for this sale can be found here. Insiders have sold 7,233,244 shares of company stock valued at $142,594,162 over the last ninety days. Company insiders own 2.10% of the company’s stock.

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.