28,781 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake 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 purchased 28,781 shares of the company's stock, valued at approximately $792,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CWAN. The Manufacturers Life Insurance Company raised its stake in Clearwater Analytics by 6.4% in the third quarter. The Manufacturers Life Insurance Company now owns 79,809 shares of the company's stock valued at $2,015,000 after buying an additional 4,821 shares in the last quarter. FMR LLC lifted its stake in Clearwater Analytics by 171.4% during the third quarter. FMR LLC now owns 9,169 shares of the company's stock worth $232,000 after purchasing an additional 5,790 shares during the last quarter. Captrust Financial Advisors raised its holdings in Clearwater Analytics by 7.7% during the third quarter. Captrust Financial Advisors now owns 14,319 shares of the company's stock worth $362,000 after purchasing an additional 1,026 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Clearwater Analytics in the 3rd quarter valued at $237,000. Finally, IHT Wealth Management LLC grew its position in shares of Clearwater Analytics by 5.5% in the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company's stock valued at $288,000 after buying an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insider Transactions at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.33, for a total value of $511,071.00. Following the completion of the sale, the chief financial officer now owns 274,857 shares of the company's stock, valued at $7,511,841.81. This represents a 6.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 218,687 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $6,575,918.09. Following the sale, the chief executive officer now owns 681,588 shares in the company, valued at approximately $20,495,351.16. The trade was a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock worth $18,688,862 over the last quarter. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics Price Performance

Shares of NYSE:CWAN traded down $0.15 on Friday, reaching $22.91. 511,468 shares of the company were exchanged, compared to its average volume of 2,069,362. 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 Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The company has a 50-day moving average of $27.35 and a 200-day moving average of $27.85. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released 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). 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%. Equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Morgan Stanley restated an "overweight" rating and issued a $36.00 price objective (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Piper Sandler raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. Royal Bank of Canada increased their price objective on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. DA Davidson upgraded shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company increased their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.80.

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.