Barclays PLC Cuts Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Barclays PLC reduced its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 393,860 shares of the company's stock after selling 178,000 shares during the quarter. Barclays PLC owned about 0.16% of Clearwater Analytics worth $10,838,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in 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 purchasing an additional 468 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Clearwater Analytics by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock worth $469,000 after acquiring an additional 502 shares during the period. Exchange Traded Concepts LLC increased its position in Clearwater Analytics by 11.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock worth $142,000 after buying an additional 521 shares in the last quarter. Summit Creek Advisors LLC raised its holdings in 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 period. Finally, Truist Financial Corp grew its position in shares of Clearwater Analytics by 5.8% during the fourth quarter. Truist Financial Corp now owns 21,915 shares of the company's stock valued at $603,000 after purchasing an additional 1,209 shares in the last quarter. Institutional investors own 50.10% of the company's stock.

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN traded up $0.05 on Friday, hitting $22.80. The company had a trading volume of 1,772,561 shares, compared to its average volume of 2,151,700. The stock has a 50 day moving average price of $26.30 and a 200 day moving average price of $27.66. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 8.23 and a beta of 0.76. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). The company had revenue of $126.47 million during 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%. Analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on CWAN. JPMorgan Chase & Co. started coverage on shares of Clearwater Analytics in a research report on Friday. They set an "overweight" rating and a $28.00 target price on the stock. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and lowered their price target 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 raised their price target for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. UBS Group increased their price target on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, Royal Bank of Canada boosted their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.80.

Insiders Place Their Bets

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $23.17, for a total transaction of $433,279.00. Following the transaction, the chief financial officer now owns 358,885 shares in the company, valued at approximately $8,315,365.45. This represents a 4.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 615,855 shares in the company, valued at approximately $17,016,073.65. This represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock worth $18,478,363 over the last 90 days. Corporate insiders own 4.60% of the company's stock.

About Clearwater Analytics

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.