Callan Family Office LLC Invests $454,000 in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Callan Family Office LLC purchased a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,480 shares of the company's stock, valued at approximately $454,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CWAN. GAMMA Investing LLC increased its holdings 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 during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Clearwater Analytics in the fourth quarter valued at about $57,000. R Squared Ltd bought a new position in shares of Clearwater Analytics during the fourth quarter worth about $80,000. Nisa Investment Advisors LLC lifted its stake in shares of Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after acquiring an additional 1,987 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Clearwater Analytics by 38.6% in 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 last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 615,855 shares in the company, valued at approximately $15,944,485.95. This represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Subi Sethi sold 62,482 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $1,878,833.74. Following the transaction, the insider now directly owns 144,973 shares of the company's stock, valued at approximately $4,359,338.11. This trade represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 594,510 shares of company stock valued at $17,418,271. Insiders own 4.60% of the company's stock.

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Clearwater Analytics Stock Down 4.2 %

Shares of Clearwater Analytics stock traded down $1.15 during trading hours on Thursday, reaching $26.39. The company's stock had a trading volume of 2,462,694 shares, compared to its average volume of 2,526,636. The company has a market capitalization of $6.62 billion, a P/E ratio of 15.90, a P/E/G ratio of 8.23 and a beta of 0.69. 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 Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The stock's fifty day simple moving average is $28.35 and its two-hundred day simple moving average is $27.69.

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

Analysts Set New Price Targets

Several research firms recently issued reports on CWAN. Oppenheimer boosted their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. UBS Group upped their target price on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Piper Sandler upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Royal Bank of Canada increased their price target on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company raised their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.