Envestnet Portfolio Solutions Inc. Acquires Shares of 10,354 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,354 shares of the company's stock, valued at approximately $285,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in Clearwater Analytics in the 4th quarter worth approximately $57,000. R Squared Ltd purchased a new stake in Clearwater Analytics during the 4th quarter valued at $80,000. Nisa Investment Advisors LLC lifted its holdings in shares of Clearwater Analytics by 174.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock valued at $86,000 after buying an additional 1,987 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Clearwater Analytics during the 4th quarter valued at about $88,000. 50.10% of the stock is currently owned by institutional investors.

Clearwater Analytics Price Performance

NYSE:CWAN traded up $0.30 during trading hours on Monday, reaching $26.83. The stock had a trading volume of 2,560,618 shares, compared to its average volume of 2,026,349. The stock has a market capitalization of $6.74 billion, a PE ratio of 16.16, a PEG ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71. The company has a 50 day moving average price of $28.26 and a two-hundred day moving average price of $27.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $120.34 million. As a group, sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.58, for a total transaction of $497,046.00. Following the transaction, the chief financial officer now directly owns 358,502 shares in the company, valued at approximately $9,528,983.16. This represents a 4.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Scott Stanley Erickson sold 4,141 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $27.65, for a total transaction of $114,498.65. Following the completion of the sale, the executive now directly owns 7,902 shares of the company's stock, valued at approximately $218,490.30. The trade was a 34.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock worth $18,688,862 over the last ninety days. Company insiders own 4.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CWAN. Royal Bank of Canada boosted their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Wells Fargo & Company increased their price target on Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Oppenheimer boosted their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their target price for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. Finally, Morgan Stanley reissued an "overweight" rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.