EntryPoint Capital LLC Takes Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

EntryPoint Capital LLC purchased a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,043 shares of the company's stock, valued at approximately $359,000.

Several other large investors also recently added to or reduced their stakes in CWAN. GAMMA Investing LLC raised its stake in shares of Clearwater Analytics by 57.4% in the fourth 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 purchased a new stake in Clearwater Analytics in the 4th quarter worth about $57,000. R Squared Ltd purchased a new stake in Clearwater Analytics in the 4th quarter worth about $80,000. Nisa Investment Advisors LLC lifted 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 worth $86,000 after purchasing an additional 1,987 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Clearwater Analytics during the fourth quarter valued at approximately $88,000. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Stock Up 1.1 %

Shares of CWAN traded up $0.30 during mid-day trading on Monday, hitting $26.83. The company's stock had a trading volume of 2,560,618 shares, compared to its average volume of 2,026,350. 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's 50-day moving average is $28.26 and its 200-day moving average is $27.97. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 8.23 and a beta of 0.69.

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

Insider Buying and Selling

In related news, CRO Scott Stanley Erickson sold 4,141 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $27.65, for a total transaction of $114,498.65. Following the completion of the transaction, the executive now owns 7,902 shares in the company, valued at $218,490.30. The trade was a 34.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sandeep Sahai sold 218,687 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 transaction of $6,575,918.09. Following the completion of the sale, the chief executive officer now owns 681,588 shares of the company's stock, valued at approximately $20,495,351.16. This trade represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 644,510 shares of company stock worth $18,688,862 in the last three months. 4.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CWAN shares. Wells Fargo & Company raised their price target on Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Oppenheimer lifted their target price on Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. UBS Group upped their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Morgan Stanley reiterated an "overweight" rating and set a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Finally, Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $33.80.

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.