Fox Run Management L.L.C. Buys Shares of 31,571 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Fox Run Management L.L.C. acquired a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 31,571 shares of the company's stock, valued at approximately $869,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after acquiring an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Clearwater Analytics in the 4th quarter valued at approximately $57,000. R Squared Ltd acquired a new stake in Clearwater Analytics in the 4th quarter worth approximately $80,000. Nisa Investment Advisors LLC lifted its stake in shares of Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after buying an additional 1,987 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in Clearwater Analytics during the 4th quarter valued at about $88,000. Institutional investors own 50.10% of the company's stock.

Clearwater Analytics Price Performance

Shares of Clearwater Analytics stock traded down $0.52 during mid-day trading on Friday, reaching $26.51. 1,370,390 shares of the stock traded hands, compared to its average volume of 2,024,213. The stock has a market capitalization of $6.65 billion, a PE ratio of 15.97, a PEG ratio of 8.23 and a beta of 0.69. The business has a 50-day moving average of $28.28 and a 200 day moving average of $27.88. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

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Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS 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 analyst estimates of $120.34 million. On average, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on CWAN. UBS Group upped their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $28.00 to $36.00 in a research note on Thursday, February 20th. Wells Fargo & Company boosted their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Finally, Royal Bank of Canada lifted their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.80.

Insider Transactions at Clearwater Analytics

In related news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.58, for a total transaction of $497,046.00. Following the transaction, the chief financial officer now owns 358,502 shares in the company, valued at approximately $9,528,983.16. This trade represents a 4.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Scott Stanley Erickson sold 4,141 shares of the company's stock in a transaction dated Monday, March 10th. The shares were 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 $218,490.30. This represents a 34.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 644,510 shares of company stock valued at $18,688,862. Corporate insiders own 4.60% of the company's stock.

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.