HighTower Advisors LLC Buys 88,159 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

HighTower Advisors LLC boosted its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 937.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,559 shares of the company's stock after buying an additional 88,159 shares during the period. HighTower Advisors LLC's holdings in Clearwater Analytics were worth $2,685,000 at the end of the most recent reporting period.

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

Clearwater Analytics Stock Performance

Shares of NYSE:CWAN traded up $0.53 during trading on Tuesday, hitting $27.60. The company's stock had a trading volume of 2,389,188 shares, compared to its average volume of 1,918,579. The company has a 50-day moving average of $28.28 and a 200-day moving average of $27.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.62 and a 12 month high of $35.71.

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Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $126.47 million for the quarter, compared to analysts' expectations of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. On average, sell-side analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Buying and Selling at Clearwater Analytics

In related news, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $25.89, for a total value of $1,294,500.00. Following the completion of the transaction, the chief executive officer now owns 615,855 shares of the company's stock, valued at approximately $15,944,485.95. This represents a 7.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Subi Sethi sold 62,482 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 $1,878,833.74. Following the sale, the insider now directly owns 144,973 shares in the company, valued at approximately $4,359,338.11. This represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 644,510 shares of company stock valued at $18,688,862. Company insiders own 4.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Oppenheimer upped their price target on Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $35.00 to $32.00 in a report on Tuesday, January 14th. Piper Sandler upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and upped their target price for the company from $28.00 to $36.00 in a research note on Thursday, February 20th. Finally, Morgan Stanley reissued an "overweight" rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a report 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. According to MarketBeat.com, the company presently 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.