Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC raised its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,430,794 shares of the company’s stock after acquiring an additional 66,528 shares during the period. William Blair Investment Management LLC owned 4.25% of Clearwater Analytics worth $193,178,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CWAN. Truist Financial Corp bought a new position in shares of Clearwater Analytics during the fourth quarter worth about $390,000. Victory Capital Management Inc. acquired a new position in Clearwater Analytics during the 4th quarter valued at about $288,000. Swiss National Bank increased its stake in shares of Clearwater Analytics by 37.3% in the fourth quarter. Swiss National Bank now owns 237,500 shares of the company’s stock valued at $4,757,000 after purchasing an additional 64,500 shares during the period. Natixis Advisors L.P. increased its stake in shares of Clearwater Analytics by 1.4% in the fourth quarter. Natixis Advisors L.P. now owns 44,198 shares of the company’s stock valued at $885,000 after purchasing an additional 616 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Clearwater Analytics by 46.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 699,887 shares of the company’s stock valued at $14,019,000 after buying an additional 221,492 shares during the last quarter. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Price Performance

Shares of NYSE CWAN opened at $24.01 on Friday. The firm has a 50-day moving average of $22.14 and a two-hundred day moving average of $19.38. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of -300.13, a PEG ratio of 8.54 and a beta of 0.61. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.11. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month high of $24.93.

Clearwater Analytics (NYSE:CWAN) last announced its earnings results on Wednesday, July 31st. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. The business had revenue of $106.79 million during the quarter, compared to the consensus estimate of $105.51 million. During the same period in the prior year, the business posted ($0.03) earnings per share. Clearwater Analytics’s revenue was up 18.8% compared to the same quarter last year. As a group, analysts expect that Clearwater Analytics Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Subi Sethi sold 21,497 shares of Clearwater Analytics stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $24.30, for a total transaction of $522,377.10. Following the transaction, the insider now owns 81,812 shares in the company, valued at $1,988,031.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO James S. Cox sold 11,275 shares of Clearwater Analytics stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $18.92, for a total transaction of $213,323.00. Following the completion of the sale, the chief financial officer now directly owns 232,503 shares in the company, valued at approximately $4,398,956.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Subi Sethi sold 21,497 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $24.30, for a total value of $522,377.10. Following the completion of the sale, the insider now directly owns 81,812 shares of the company’s stock, valued at approximately $1,988,031.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,878,418 shares of company stock worth $246,862,568. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company raised their target price on Clearwater Analytics from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Oppenheimer raised Clearwater Analytics from a “market perform” rating to an “outperform” rating and set a $25.00 price target on the stock in a report on Monday, July 8th. Citigroup began coverage on shares of Clearwater Analytics in a report on Monday, August 19th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Piper Sandler reiterated a “neutral” rating and issued a $23.00 target price on shares of Clearwater Analytics in a research report on Monday, September 9th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.30.

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.