Curi RMB Capital LLC Makes New $5.91 Million Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Curi RMB Capital LLC bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 214,578 shares of the company's stock, valued at approximately $5,905,000. Curi RMB Capital LLC owned approximately 0.09% of Clearwater Analytics at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Clearwater Analytics by 171.4% during the third quarter. FMR LLC now owns 9,169 shares of the company's stock worth $232,000 after buying an additional 5,790 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Clearwater Analytics in the third quarter valued at approximately $237,000. Barclays PLC increased its holdings in shares of Clearwater Analytics by 105.6% in the third quarter. Barclays PLC now owns 571,860 shares of the company's stock valued at $14,439,000 after purchasing an additional 293,719 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Clearwater Analytics by 30.4% during the third quarter. Sanctuary Advisors LLC now owns 21,126 shares of the company's stock worth $533,000 after buying an additional 4,923 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Clearwater Analytics by 348.3% in the 3rd quarter. Principal Financial Group Inc. now owns 84,793 shares of the company's stock valued at $2,141,000 after buying an additional 65,878 shares in the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $23.17, for a total transaction of $433,279.00. Following the sale, the chief financial officer now owns 358,885 shares of the company's stock, valued at approximately $8,315,365.45. The trade was a 4.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $27.63, for a total value of $1,381,500.00. Following the sale, the chief executive officer now directly owns 615,855 shares in the company, valued at $17,016,073.65. This trade represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 644,510 shares of company stock worth $18,478,363. Company insiders own 4.60% of the company's stock.

Clearwater Analytics Stock Performance

NYSE:CWAN traded up $0.39 during mid-day trading on Wednesday, reaching $22.30. 3,859,391 shares of the stock were exchanged, compared to its average volume of 2,144,154. 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 Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The company has a 50 day simple moving average of $26.38 and a 200-day simple moving average of $27.67. The stock has a market capitalization of $5.60 billion, a P/E ratio of 13.43, a P/E/G ratio of 8.23 and a beta of 0.76.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly 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 business had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. Analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CWAN has been the subject of several recent analyst reports. DA Davidson upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. Wells Fargo & Company dropped their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Tuesday. 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. Finally, UBS Group boosted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.30.

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.