B. Metzler seel. Sohn & Co. AG Trims Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

B. Metzler seel. Sohn & Co. AG cut its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 44.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 81,103 shares of the company's stock after selling 64,501 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Clearwater Analytics were worth $2,232,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Scalar Gauge Management LLC increased its holdings in shares of Clearwater Analytics by 3.5% during the fourth quarter. Scalar Gauge Management LLC now owns 586,998 shares of the company's stock valued at $16,154,000 after purchasing an additional 20,013 shares during the period. Alliancebernstein L.P. raised its holdings in Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock worth $202,931,000 after buying an additional 2,931,445 shares during the period. Axiom Investors LLC DE lifted its holdings in shares of Clearwater Analytics by 9.3% in the fourth quarter. Axiom Investors LLC DE now owns 745,800 shares of the company's stock valued at $20,524,000 after purchasing an additional 63,340 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Clearwater Analytics by 98.2% during the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock valued at $163,867,000 after buying an additional 2,950,555 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new position in Clearwater Analytics in the fourth quarter valued at about $248,000. 50.10% of the stock is owned by institutional investors.

Clearwater Analytics Stock Performance

Shares of NYSE CWAN traded down $0.62 during mid-day trading on Monday, reaching $22.81. 1,028,879 shares of the company's stock were exchanged, compared to its average volume of 2,043,639. The firm has a 50-day moving average price of $28.01 and a two-hundred day moving average price of $27.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. 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 $5.73 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76.

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

Insider Activity at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.58, for a total value of $497,046.00. Following the sale, the chief financial officer now directly owns 358,502 shares of the company's stock, valued at $9,528,983.16. This represents a 4.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $25.89, for a total value of $1,294,500.00. Following the completion of the transaction, the chief executive officer now owns 615,855 shares of the company's stock, valued at $15,944,485.95. This represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 644,510 shares of company stock valued at $18,688,862. Corporate insiders own 4.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CWAN. Wells Fargo & Company upped their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Piper Sandler upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. Royal Bank of Canada boosted their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. UBS Group lifted their target price 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. Finally, Morgan Stanley reissued an "overweight" rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average 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.