Emerald Advisers LLC Increases Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Emerald Advisers LLC lifted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 414,108 shares of the company’s stock after acquiring an additional 12,126 shares during the quarter. Emerald Advisers LLC owned 0.17% of Clearwater Analytics worth $11,396,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CWAN. GAMMA Investing LLC boosted its holdings in Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after acquiring an additional 468 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Clearwater Analytics during the fourth quarter worth $57,000. R Squared Ltd purchased a new stake in shares of Clearwater Analytics during the fourth quarter valued at $80,000. Nisa Investment Advisors LLC grew its holdings in shares of Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after purchasing an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in Clearwater Analytics in the 4th quarter worth about $88,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Clearwater Analytics Price Performance

Shares of NYSE:CWAN opened at $26.52 on Friday. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $35.71. 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 market cap of $6.66 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. The company’s 50 day moving average is $28.26 and its 200 day moving average is $27.80.

Clearwater Analytics (NYSE:CWAN) last issued its earnings results 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 business 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, sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Transactions at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the sale, the chief executive officer now directly owns 615,855 shares of the company’s stock, valued at approximately $15,944,485.95. This represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.58, for a total transaction of $497,046.00. Following the sale, the chief financial officer now owns 358,502 shares in the company, valued at approximately $9,528,983.16. This represents a 4.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock worth $18,688,862 over the last quarter. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics 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.