Blair William & Co. IL Acquires 1,710,141 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Blair William & Co. IL boosted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 3,835.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,754,732 shares of the company's stock after purchasing an additional 1,710,141 shares during the quarter. Blair William & Co. IL owned about 0.71% of Clearwater Analytics worth $48,290,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in Clearwater Analytics by 12.7% during the 3rd quarter. Victory Capital Management Inc. now owns 17,423 shares of the company's stock worth $440,000 after acquiring an additional 1,964 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Clearwater Analytics by 16.3% in the third quarter. Thrivent Financial for Lutherans now owns 75,148 shares of the company's stock valued at $1,898,000 after acquiring an additional 10,518 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Clearwater Analytics by 38.6% during the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company's stock valued at $90,000 after acquiring an additional 995 shares during the period. Intech Investment Management LLC bought a new stake in Clearwater Analytics during the third quarter worth approximately $717,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Clearwater Analytics by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,295,413 shares of the company's stock worth $32,709,000 after purchasing an additional 60,948 shares during the period. 50.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. DA Davidson raised Clearwater Analytics from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Oppenheimer boosted their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. Piper Sandler upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. UBS Group boosted 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, Royal Bank of Canada lifted their price target 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. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $33.80.

Insider Activity at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the transaction, the chief executive officer now directly owns 615,855 shares in the company, valued at $15,944,485.95. The trade was a 7.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Scott Stanley Erickson sold 76,256 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $2,293,017.92. Following the completion of the transaction, the executive now directly owns 78,363 shares in the company, valued at $2,356,375.41. This trade represents a 49.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 644,510 shares of company stock valued at $18,688,862. Corporate insiders own 4.60% of the company's stock.

Clearwater Analytics Stock Down 1.9 %

Shares of Clearwater Analytics stock traded down $0.51 during midday trading on Tuesday, hitting $26.30. The company's stock had a trading volume of 571,338 shares, compared to its average volume of 2,553,379. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $6.60 billion, a P/E ratio of 15.84, a PEG ratio of 8.23 and a beta of 0.69. The stock has a 50-day simple moving average of $28.26 and a 200-day simple moving average of $27.97.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced 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 business had revenue of $126.47 million for 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%. As a group, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share 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.