Emerald Advisers LLC Has $11.40 Million Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Emerald Advisers LLC lifted its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 414,108 shares of the company's stock after purchasing an additional 12,126 shares during the period. Emerald Advisers LLC owned about 0.17% of Clearwater Analytics worth $11,396,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CWAN. GAMMA Investing LLC grew its position in shares of Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after buying an additional 468 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Clearwater Analytics by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock valued at $469,000 after acquiring an additional 502 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Clearwater Analytics by 11.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock valued at $142,000 after purchasing an additional 521 shares during the last quarter. IHT Wealth Management LLC raised its position in shares of Clearwater Analytics by 5.5% during the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company's stock worth $288,000 after purchasing an additional 598 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Clearwater Analytics by 38.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company's stock worth $90,000 after purchasing an additional 995 shares during the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Clearwater Analytics Price Performance

NYSE:CWAN traded down $0.24 during midday trading on Thursday, hitting $27.05. 1,613,524 shares of the stock were exchanged, compared to its average volume of 1,924,213. The business has a 50-day moving average price of $28.31 and a two-hundred day moving average price of $27.86. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. Sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Activity

In other news, insider Subi Sethi sold 62,482 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the sale, the insider now owns 144,973 shares in the company, valued at approximately $4,359,338.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Scott Stanley Erickson sold 4,141 shares of Clearwater Analytics stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.65, for a total value of $114,498.65. Following the completion of the transaction, the executive now owns 7,902 shares in the company, valued at $218,490.30. The trade was a 34.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 644,510 shares of company stock worth $18,688,862. Corporate insiders own 4.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Oppenheimer upped their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Piper Sandler upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. UBS Group lifted their price objective 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. Wells Fargo & Company upped their target price 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. Finally, Royal Bank of Canada lifted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" 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 stock. According to data from MarketBeat.com, Clearwater Analytics currently has a consensus rating of "Moderate Buy" and a consensus price target 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.