3,300 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Purchased by OFI Invest Asset Management

OFI Invest Asset Management acquired a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,300 shares of the company’s stock, valued at approximately $88,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after buying an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics in the fourth quarter valued at approximately $57,000. R Squared Ltd bought a new position in Clearwater Analytics in the fourth quarter valued at approximately $80,000. Nisa Investment Advisors LLC grew its stake in Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock valued at $86,000 after purchasing an additional 1,987 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company’s stock valued at $90,000 after purchasing an additional 995 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the completion of 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 trade represents a 7.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Subi Sethi sold 62,482 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total value of $1,878,833.74. Following the transaction, the insider now owns 144,973 shares in the company, valued at approximately $4,359,338.11. This trade represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 590,369 shares of company stock valued at $17,303,773. Insiders own 4.60% of the company’s stock.

Clearwater Analytics Stock Performance

CWAN opened at $27.56 on Tuesday. 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 $6.92 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 8.23 and a beta of 0.69. The business has a 50 day moving average of $28.35 and a 200-day moving average of $27.65. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

Clearwater Analytics (NYSE:CWAN) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share 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 analyst estimates 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 expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

CWAN has been the subject of a number of analyst reports. UBS Group raised their price target on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Wells Fargo & Company raised their price target on Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, February 20th. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their price target for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Morgan Stanley restated an “overweight” rating and issued a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, Piper Sandler upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price target for the company from $28.00 to $36.00 in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Clearwater Analytics has a consensus rating of “Moderate Buy” and a consensus target price of $33.80.

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.