William Blair Investment Management LLC Decreases Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

William Blair Investment Management LLC cut its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,411,306 shares of the company's stock after selling 971,876 shares during the period. William Blair Investment Management LLC owned about 3.81% of Clearwater Analytics worth $258,999,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Clearwater Analytics by 1,600.9% in the 4th quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company's stock worth $39,690,000 after purchasing an additional 1,357,425 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Clearwater Analytics in the third quarter worth about $3,677,000. Loomis Sayles & Co. L P raised its stake in shares of 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 buying an additional 327,880 shares during the period. Swiss National Bank lifted its position in shares of Clearwater Analytics by 8.5% during the 3rd quarter. Swiss National Bank now owns 312,900 shares of the company's stock valued at $7,901,000 after buying an additional 24,600 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in shares of Clearwater Analytics by 189.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock valued at $34,926,000 after acquiring an additional 830,684 shares during the period. 50.10% of the stock is owned by institutional investors.

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Insider Buying and Selling at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00. Following the transaction, the chief executive officer now owns 615,855 shares of the company's stock, valued at $15,944,485.95. This trade represents a 7.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total transaction of $511,071.00. Following the completion of the sale, the chief financial officer now directly owns 274,857 shares of the company's stock, valued at approximately $7,511,841.81. This trade represents a 6.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 644,510 shares of company stock worth $18,688,862 over the last 90 days. Company insiders own 4.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CWAN. Wells Fargo & Company lifted their price target on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. UBS Group boosted their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Royal Bank of Canada increased their target price on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Piper Sandler raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Finally, DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their price objective for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. One equities 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 stock has an average rating of "Moderate Buy" and an average price target of $33.80.

Clearwater Analytics Trading Down 0.6 %

Shares of NYSE CWAN traded down $0.17 during trading hours on Friday, hitting $26.52. 5,389,729 shares of the company traded hands, compared to its average volume of 1,922,303. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. The company's 50 day moving average price is $28.27 and its 200 day moving average price is $27.76. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10.

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