LPL Financial LLC Has $2.54 Million Stock Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

LPL Financial LLC grew its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 137.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,549 shares of the company's stock after purchasing an additional 52,931 shares during the quarter. LPL Financial LLC's holdings in Clearwater Analytics were worth $2,537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CWAN. GAMMA Investing LLC grew its position in shares of 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 last quarter. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics during the fourth quarter worth $57,000. R Squared Ltd acquired a new position in Clearwater Analytics during the 4th quarter valued at $80,000. Nisa Investment Advisors LLC boosted its holdings in Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock valued at $86,000 after purchasing an additional 1,987 shares during the period. Finally, OFI Invest Asset Management bought a new position in shares of Clearwater Analytics during the 4th quarter worth about $88,000. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 218,687 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the transaction, the chief executive officer now owns 681,588 shares of the company's stock, valued at $20,495,351.16. The trade was a 24.29 % 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 firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.58, for a total transaction of $497,046.00. Following the completion of the transaction, the chief financial officer now directly owns 358,502 shares of the company's stock, valued at $9,528,983.16. This represents a 4.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 625,810 shares of company stock valued at $18,045,084. 4.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CWAN has been the topic of a number of recent research reports. Royal Bank of Canada boosted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Piper Sandler raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. Morgan Stanley reissued an "overweight" rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. DA Davidson upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and decreased their target price for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company increased their price target 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 equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Clearwater Analytics presently has a consensus rating of "Moderate Buy" and an average target price of $33.80.

Clearwater Analytics Price Performance

Shares of CWAN stock remained flat at $23.07 during trading hours on Thursday. 1,081,617 shares of the stock were exchanged, compared to its average volume of 2,507,965. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month 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 fifty day moving average price of $26.91 and a two-hundred day moving average price of $27.77. The firm has a market cap of $5.79 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $120.34 million. On average, research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

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.