Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Position Decreased by Champlain Investment Partners LLC

Champlain Investment Partners LLC decreased its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,817,308 shares of the company's stock after selling 303,847 shares during the period. Champlain Investment Partners LLC owned about 0.74% of Clearwater Analytics worth $50,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CWAN. GAMMA Investing LLC grew its position in shares of Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after buying an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Clearwater Analytics in the 4th quarter valued at about $57,000. R Squared Ltd purchased a new stake in Clearwater Analytics in the 4th quarter valued at about $80,000. Aster Capital Management DIFC Ltd acquired a new stake in Clearwater Analytics during the 4th quarter worth approximately $82,000. Finally, Nisa Investment Advisors LLC lifted its position in Clearwater Analytics by 174.1% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insider Activity

In related news, CRO Scott Stanley Erickson sold 4,141 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.65, for a total transaction of $114,498.65. Following the sale, the executive now owns 7,902 shares of the company's stock, valued at $218,490.30. This trade represents a 34.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $27.63, for a total transaction of $1,381,500.00. Following the sale, the chief executive officer now directly owns 615,855 shares of the company's stock, valued at $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. In the last quarter, insiders have sold 644,510 shares of company stock valued at $18,478,363. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics Price Performance

Shares of CWAN stock traded up $0.36 on Wednesday, hitting $22.27. 1,100,269 shares of the stock traded hands, compared to its average volume of 2,129,722. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 8.23 and a beta of 0.76. The firm has a 50 day simple moving average of $26.48 and a two-hundred day simple moving average of $27.71. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. 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 quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. As a group, equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CWAN has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Tuesday. Royal Bank of Canada raised their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. DA Davidson upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. UBS Group raised their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.30.

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.