Grandeur Peak Global Advisors LLC Sells 56,632 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Grandeur Peak Global Advisors LLC decreased its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 11.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 427,649 shares of the company's stock after selling 56,632 shares during the period. Clearwater Analytics comprises about 1.0% of Grandeur Peak Global Advisors LLC's investment portfolio, making the stock its 29th biggest holding. Grandeur Peak Global Advisors LLC owned 0.17% of Clearwater Analytics worth $11,769,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CWAN. Wellington Management Group LLP raised its position in Clearwater Analytics by 98.2% during the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock valued at $163,867,000 after buying an additional 2,950,555 shares during the period. Alliancebernstein L.P. increased its stake in Clearwater Analytics by 66.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock valued at $202,931,000 after buying an additional 2,931,445 shares during the period. Vanguard Group Inc. lifted its position in Clearwater Analytics by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock worth $574,607,000 after buying an additional 2,455,844 shares in the last quarter. Norges Bank acquired a new position in shares of Clearwater Analytics in the fourth quarter worth $59,402,000. Finally, Blair William & Co. IL boosted its position in Clearwater Analytics by 3,835.2% during the fourth quarter. Blair William & Co. IL now owns 1,754,732 shares of the company's stock valued at $48,290,000 after purchasing an additional 1,710,141 shares during the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Clearwater Analytics news, insider Subi Sethi sold 62,482 shares of the 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 owns 144,973 shares in the company, valued at $4,359,338.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $27.63, for a total value of $1,381,500.00. Following the completion of the sale, the chief executive officer now owns 615,855 shares of the company's stock, valued at approximately $17,016,073.65. This trade represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 625,810 shares of company stock valued at $18,045,084 over the last 90 days. 4.60% of the stock is currently owned by insiders.

Clearwater Analytics Trading Up 0.4 %

CWAN stock traded up $0.10 during midday trading on Thursday, reaching $23.17. The stock had a trading volume of 962,276 shares, compared to its average volume of 2,506,420. Clearwater Analytics Holdings, Inc. has a twelve month low of $15.62 and a twelve month 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. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 8.23 and a beta of 0.76. The business has a fifty day simple moving average of $26.91 and a two-hundred day simple moving average of $27.77.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The company had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. As a group, research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on CWAN. Piper Sandler raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. Wells Fargo & Company upped their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. UBS Group boosted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Royal Bank of Canada raised their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Clearwater Analytics has an average rating of "Moderate Buy" and an average price target of $33.80.

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.