Royce & Associates LP Purchases 13,000 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Royce & Associates LP grew its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,000 shares of the company's stock after buying an additional 13,000 shares during the quarter. Royce & Associates LP's holdings in Clearwater Analytics were worth $2,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CWAN. Wasatch Advisors LP grew its stake in shares of Clearwater Analytics by 3.2% in the third quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company's stock worth $457,909,000 after purchasing an additional 559,564 shares during the last quarter. State Street Corp grew its position in shares of Clearwater Analytics by 38.7% in the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company's stock worth $91,341,000 after buying an additional 1,009,548 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Clearwater Analytics by 5.7% during the third quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company's stock valued at $88,710,000 after buying an additional 187,881 shares during the period. Loomis Sayles & Co. L P lifted its stake in Clearwater Analytics by 11.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company's stock worth $83,186,000 after acquiring an additional 327,880 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Clearwater Analytics by 10.4% in the third quarter. Wellington Management Group LLP now owns 3,003,930 shares of the company's stock valued at $75,849,000 after acquiring an additional 281,958 shares in the last quarter. 50.10% of the stock is owned by institutional investors.

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Clearwater Analytics Stock Up 2.0 %

Shares of CWAN traded up $0.53 on Tuesday, hitting $27.60. 2,390,090 shares of the stock traded hands, compared to its average volume of 1,918,579. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The business has a 50 day simple moving average of $28.28 and a 200 day simple moving average of $27.85. The company has a market capitalization of $6.93 billion, a PE ratio of 16.63, a P/E/G ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced 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). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The firm had revenue of $126.47 million during the quarter, compared to analysts' expectations of $120.34 million. As a group, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Transactions at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 4,141 shares of Clearwater Analytics stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.65, for a total value of $114,498.65. Following the sale, the executive now directly owns 7,902 shares of the company's stock, valued at approximately $218,490.30. The trade was a 34.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Subi Sethi sold 62,482 shares of the stock in a transaction that occurred 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 owns 144,973 shares of the company's stock, valued at $4,359,338.11. This represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 644,510 shares of company stock valued at $18,688,862 over the last three months. Corporate insiders own 4.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CWAN shares. Piper Sandler raised shares of 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. Morgan Stanley reiterated an "overweight" rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Royal Bank of Canada raised their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Oppenheimer upped their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Finally, UBS Group boosted their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Clearwater Analytics has a consensus rating of "Moderate Buy" and a consensus target price of $33.80.

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.