MIG Capital LLC Makes New Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

MIG Capital LLC acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,961 shares of the company's stock, valued at approximately $329,000.

Several other hedge funds also recently made changes to their positions in CWAN. GAMMA Investing LLC lifted its position in Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after acquiring an additional 468 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth $57,000. R Squared Ltd purchased a new position in Clearwater Analytics in the 4th quarter valued at $80,000. Nisa Investment Advisors LLC grew its position in Clearwater Analytics by 174.1% in 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 last quarter. Finally, OFI Invest Asset Management acquired a new position in Clearwater Analytics in the 4th quarter valued at $88,000. Hedge funds and other institutional investors own 50.10% of the company's stock.

Clearwater Analytics Price Performance

Clearwater Analytics stock traded down $0.21 during midday trading on Friday, reaching $22.85. 559,617 shares of the company were exchanged, compared to its average volume of 2,069,613. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 8.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The firm's 50-day simple moving average is $27.35 and its 200-day simple moving average is $27.85. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 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 company 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, analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CWAN shares. Royal Bank of Canada lifted their target price 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. Wells Fargo & Company lifted their price objective on Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. UBS Group increased 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. Morgan Stanley restated an "overweight" rating and issued a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.80.

Insider Buying and Selling

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction dated 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 $9,528,983.16. The trade was a 4.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $26.56, for a total value of $1,328,000.00. Following the completion of the sale, the chief executive officer now directly owns 857,798 shares of the company's stock, valued at $22,783,114.88. The trade was a 5.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 644,510 shares of company stock valued at $18,688,862. 4.60% of the stock is currently owned by corporate insiders.

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.