Cookson Peirce & Co. Inc. Takes $605,000 Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Cookson Peirce & Co. Inc. acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 21,976 shares of the company's stock, valued at approximately $605,000.

A number of other large investors have also modified their holdings of CWAN. Creative Planning bought a new position in Clearwater Analytics in the 3rd quarter valued at about $505,000. US Bancorp DE grew its position in Clearwater Analytics by 418.5% in the 3rd quarter. US Bancorp DE now owns 25,153 shares of the company's stock valued at $635,000 after buying an additional 20,302 shares in the last quarter. Principal Financial Group Inc. grew its position in Clearwater Analytics by 348.3% in the 3rd quarter. Principal Financial Group Inc. now owns 84,793 shares of the company's stock valued at $2,141,000 after buying an additional 65,878 shares in the last quarter. Atria Investments Inc grew its position in Clearwater Analytics by 5.7% in the 3rd quarter. Atria Investments Inc now owns 36,653 shares of the company's stock valued at $925,000 after buying an additional 1,971 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Clearwater Analytics in the 3rd quarter valued at about $360,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Insider Transactions at Clearwater Analytics

In related news, CTO Souvik Das sold 76,844 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $2,310,699.08. Following the transaction, the chief technology officer now owns 68,902 shares of the company's stock, valued at approximately $2,071,883.14. This trade represents a 52.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Subi Sethi sold 62,482 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the transaction, the insider now directly owns 144,973 shares in the company, valued at approximately $4,359,338.11. The trade was a 30.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 733,431 shares of company stock valued at $21,444,493 over the last three months. 4.60% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

CWAN has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Oppenheimer increased their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Morgan Stanley restated an "overweight" rating and set a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Wells Fargo & Company raised their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Finally, DA Davidson upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.80.

Clearwater Analytics Trading Down 1.8 %

Shares of CWAN traded down $0.52 during midday trading on Friday, hitting $28.76. The stock had a trading volume of 3,184,205 shares, compared to its average volume of 2,530,786. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The business has a 50-day simple moving average of $28.35 and a two-hundred day simple moving average of $27.63. The firm has a market cap of $7.10 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69. 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 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. As a group, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Clearwater Analytics Company 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.