Marco Investment Management LLC Acquires Shares of 7,555 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Marco Investment Management LLC bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,555 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Callan Family Office LLC purchased a new stake in Clearwater Analytics during the fourth quarter worth $454,000. Raymond James Financial Inc. purchased a new stake in shares of Clearwater Analytics during the 4th quarter worth about $20,482,000. Arizona State Retirement System boosted its stake in shares of Clearwater Analytics by 23.8% during the 4th quarter. Arizona State Retirement System now owns 57,156 shares of the company’s stock worth $1,573,000 after acquiring an additional 10,990 shares in the last quarter. Aigen Investment Management LP grew its position in shares of Clearwater Analytics by 20.4% during the 4th quarter. Aigen Investment Management LP now owns 24,921 shares of the company’s stock valued at $686,000 after acquiring an additional 4,220 shares during the period. Finally, Atria Investments Inc increased its stake in shares of Clearwater Analytics by 16.6% in the 4th quarter. Atria Investments Inc now owns 42,733 shares of the company’s stock valued at $1,176,000 after purchasing an additional 6,080 shares in the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Stock Down 1.8 %

Shares of NYSE CWAN opened at $28.76 on Friday. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $28.34 and a 200 day moving average of $27.58. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The stock has a market cap of $7.10 billion, a PE ratio of 17.32, a P/E/G ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The company had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Piper Sandler raised Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $28.00 to $36.00 in a report on Thursday, February 20th. Wells Fargo & Company boosted their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Oppenheimer lifted their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.80.

Insider Transactions at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 139,172 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $28.94, for a total value of $4,027,637.68. Following the completion of the transaction, the chief executive officer now directly owns 441,724 shares in the company, valued at approximately $12,783,492.56. This represents a 23.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Scott Stanley Erickson sold 76,256 shares of Clearwater Analytics stock in a transaction 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 owns 78,363 shares in the company, valued at $2,356,375.41. This represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 733,431 shares of company stock worth $21,444,493 in the last quarter. Company insiders own 4.60% of the company’s stock.

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.