TimesSquare Capital Management LLC Has $46.80 Million Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

TimesSquare Capital Management LLC grew its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,700,705 shares of the company's stock after purchasing an additional 127,205 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.69% of Clearwater Analytics worth $46,803,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Chartwell Investment Partners LLC boosted its holdings in shares of Clearwater Analytics by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 48,827 shares of the company's stock valued at $1,233,000 after purchasing an additional 395 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after acquiring an additional 468 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Clearwater Analytics by 11.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock valued at $142,000 after acquiring an additional 521 shares during the period. IHT Wealth Management LLC increased its stake in Clearwater Analytics by 5.5% during the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company's stock worth $288,000 after buying an additional 598 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Clearwater Analytics by 38.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company's stock worth $90,000 after buying an additional 995 shares during the period. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $29.65, for a total transaction of $554,455.00. Following the completion of the transaction, the chief financial officer now directly owns 214,044 shares in the company, valued at $6,346,404.60. This represents a 8.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sandeep Sahai sold 218,687 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 transaction of $6,575,918.09. Following the completion of the transaction, the chief executive officer now owns 681,588 shares of the company's stock, valued at approximately $20,495,351.16. This represents a 24.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 733,431 shares of company stock valued at $21,444,493. Company insiders own 4.60% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. 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 research report on Thursday. JPMorgan Chase & Co. raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $23.00 to $33.00 in a research note on Thursday, November 7th. Morgan Stanley restated an "overweight" rating and set a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research report on Friday. DA Davidson upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada boosted 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. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $33.80.

Clearwater Analytics Stock Up 4.7 %

CWAN stock traded up $1.41 during trading hours on Friday, hitting $31.35. The company's stock had a trading volume of 5,089,250 shares, compared to its average volume of 2,158,487. 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 company has a market capitalization of $7.74 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 8.23 and a beta of 0.72. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The stock has a 50 day moving average price of $28.03 and a two-hundred day moving average price of $27.11.

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 (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million for 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, equities research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

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.