Bryce Point Capital LLC Invests $472,000 in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Bryce Point Capital LLC bought a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 17,154 shares of the company's stock, valued at approximately $472,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC grew its stake 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 acquiring an additional 468 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Clearwater Analytics by 3.0% during the 4th 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 in the last quarter. Exchange Traded Concepts LLC grew its stake in Clearwater Analytics by 11.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock worth $142,000 after buying an additional 521 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of Clearwater Analytics by 5.5% in the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company's stock valued at $288,000 after acquiring an additional 598 shares during the period. Finally, Summit Creek Advisors LLC lifted its holdings 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 worth $7,844,000 after purchasing an additional 833 shares during the period. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insider Buying and Selling at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 218,687 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $6,575,918.09. Following the sale, the chief executive officer now directly owns 681,588 shares of the company's stock, valued at $20,495,351.16. This represents a 24.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Subi Sethi sold 62,482 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 value of $1,878,833.74. Following the sale, the insider now owns 144,973 shares of the company's stock, valued at approximately $4,359,338.11. This represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is owned by corporate insiders.

Clearwater Analytics Trading Down 5.1 %

Shares of NYSE:CWAN traded down $1.21 during mid-day trading on Thursday, hitting $22.75. The company had a trading volume of 481,326 shares, compared to its average volume of 2,066,148. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a market capitalization of $5.71 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The firm has a fifty day moving average price of $27.46 and a 200 day moving average price of $27.87. 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 (NYSE:CWAN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The business had revenue of $126.47 million for the quarter, compared to analysts' expectations of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. As a group, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CWAN shares. UBS Group boosted 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. Piper Sandler upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $28.00 to $36.00 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. Royal Bank of Canada increased their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Finally, Morgan Stanley restated an "overweight" rating and set a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat.com, Clearwater Analytics currently has an average rating of "Moderate Buy" and a consensus target price of $33.80.

Clearwater Analytics 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.