Abacus FCF Advisors LLC Invests $673,000 in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Abacus FCF Advisors LLC purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,458 shares of the company's stock, valued at approximately $673,000.

Several other institutional investors have also added to or reduced their stakes in CWAN. GAMMA Investing LLC raised its position 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 worth $35,000 after buying an additional 468 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Clearwater Analytics by 3.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock valued at $469,000 after purchasing an additional 502 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Clearwater Analytics by 11.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock valued at $142,000 after acquiring an additional 521 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of Clearwater Analytics by 5.5% in the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company's stock worth $288,000 after buying an additional 598 shares during the period. Finally, Summit Creek Advisors LLC raised its stake in shares of Clearwater Analytics by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock valued at $7,844,000 after acquiring an additional 833 shares during the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 4,141 shares of the 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 sale, the executive now directly owns 7,902 shares of the company's stock, valued at $218,490.30. This trade represents a 34.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total transaction of $503,778.00. Following the completion of the transaction, the chief financial officer now directly owns 279,857 shares in the company, valued at $7,539,347.58. This trade represents a 6.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 594,510 shares of company stock worth $17,394,362 in the last three months. Company insiders own 4.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. 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 research note on Thursday, February 20th. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their target price 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 previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, Wells Fargo & Company increased their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.80.

Clearwater Analytics Stock Performance

Shares of CWAN stock traded down $0.09 during mid-day trading on Monday, reaching $22.98. 295,210 shares of the company's stock traded hands, compared to its average volume of 2,524,816. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The firm has a 50 day moving average price of $27.25 and a two-hundred day moving average price of $27.85. The firm has a market capitalization of $5.77 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $126.47 million for the quarter, compared to analysts' expectations of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. On average, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

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.