Arcadia Investment Management Corp MI Takes Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Arcadia Investment Management Corp MI acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,057 shares of the company’s stock, valued at approximately $57,000.

Other institutional investors also recently bought and sold shares of the company. Handelsbanken Fonder AB increased its position in Clearwater Analytics by 41.7% in the fourth quarter. Handelsbanken Fonder AB now owns 38,400 shares of the company’s stock worth $1,057,000 after buying an additional 11,300 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in shares of Clearwater Analytics by 8.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,700,705 shares of the company’s stock valued at $46,803,000 after acquiring an additional 127,205 shares during the period. Truist Financial Corp increased its holdings in Clearwater Analytics by 5.8% in the 4th quarter. Truist Financial Corp now owns 21,915 shares of the company’s stock worth $603,000 after acquiring an additional 1,209 shares in the last quarter. Principal Financial Group Inc. raised its stake in Clearwater Analytics by 1,600.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company’s stock worth $39,690,000 after acquiring an additional 1,357,425 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Clearwater Analytics by 20.2% during the fourth quarter. Rhumbline Advisers now owns 235,647 shares of the company’s stock valued at $6,485,000 after purchasing an additional 39,559 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 62,482 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the sale, the insider now directly owns 144,973 shares in the company, valued at $4,359,338.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Scott Stanley Erickson sold 76,256 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $2,293,017.92. Following the completion of the sale, the executive now directly owns 78,363 shares of the company’s stock, valued at $2,356,375.41. The trade was a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 733,431 shares of company stock valued at $21,444,493 over the last 90 days. 4.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CWAN shares. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $23.00 to $33.00 in a research note on Thursday, November 7th. Royal Bank of Canada increased their price target on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday. Morgan Stanley restated an “overweight” rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research report on Friday. Wells Fargo & Company increased their target price on Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $28.00 to $36.00 in a research note on Thursday. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.80.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $31.35 on Friday. The business’s 50-day moving average is $28.03 and its 200 day moving average is $27.11. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The company has a market capitalization of $7.74 billion, a P/E ratio of 18.88, a P/E/G ratio of 7.43 and a beta of 0.72. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

Clearwater Analytics (NYSE:CWAN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million for the quarter, compared to analysts’ expectations of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. On average, equities research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Clearwater Analytics Company 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.