Clare Market Investments LLC Makes New $413,000 Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Clare Market Investments LLC purchased a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,000 shares of the company's stock, valued at approximately $413,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after purchasing an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Clearwater Analytics during the 4th quarter valued at about $57,000. R Squared Ltd purchased a new position in Clearwater Analytics during the 4th quarter valued at about $80,000. Nisa Investment Advisors LLC grew its stake in Clearwater Analytics by 174.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock valued at $86,000 after acquiring an additional 1,987 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Clearwater Analytics during the 4th quarter valued at about $88,000. Hedge funds and other institutional investors own 50.10% of the company's stock.

Clearwater Analytics Stock Performance

CWAN traded up $0.48 on Friday, hitting $26.88. The company had a trading volume of 2,552,303 shares, compared to its average volume of 2,527,175. The company's fifty day moving average price is $28.33 and its 200 day moving average price is $27.68. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year 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. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69.

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Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CWAN shares. UBS Group lifted their target price on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Piper Sandler raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $28.00 to $36.00 in a research note on Thursday, February 20th. Wells Fargo & Company lifted their price target on Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Finally, Oppenheimer lifted their price target on Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.80.

Insider Buying and Selling

In related news, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $26.56, for a total value of $1,328,000.00. Following the completion of the sale, the chief executive officer now directly owns 857,798 shares in the company, valued at approximately $22,783,114.88. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $26.94, for a total value of $503,778.00. Following the completion of the sale, the chief financial officer now owns 279,857 shares of the company's stock, valued at approximately $7,539,347.58. This trade represents a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 644,510 shares of company stock worth $18,746,271. 4.60% of the stock is currently owned by insiders.

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.