Moody Aldrich Partners LLC Makes New $7.37 Million Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Moody Aldrich Partners LLC acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 291,970 shares of the company's stock, valued at approximately $7,372,000. Clearwater Analytics accounts for about 1.3% of Moody Aldrich Partners LLC's investment portfolio, making the stock its 19th biggest position. Moody Aldrich Partners LLC owned approximately 0.12% of Clearwater Analytics as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wasatch Advisors LP increased its position in Clearwater Analytics by 35.6% during the 1st quarter. Wasatch Advisors LP now owns 16,391,308 shares of the company's stock worth $289,962,000 after buying an additional 4,304,286 shares during the period. Vanguard Group Inc. boosted its holdings in Clearwater Analytics by 36.6% in the 4th quarter. Vanguard Group Inc. now owns 12,912,046 shares of the company's stock valued at $258,628,000 after purchasing an additional 3,461,158 shares during the period. William Blair Investment Management LLC grew its position in shares of Clearwater Analytics by 42.5% during the 1st quarter. William Blair Investment Management LLC now owns 10,364,266 shares of the company's stock worth $183,344,000 after purchasing an additional 3,090,352 shares in the last quarter. Hood River Capital Management LLC acquired a new position in shares of Clearwater Analytics during the 2nd quarter worth approximately $43,280,000. Finally, Bamco Inc. NY increased its holdings in shares of Clearwater Analytics by 30.8% during the first quarter. Bamco Inc. NY now owns 5,359,172 shares of the company's stock worth $94,804,000 after purchasing an additional 1,262,150 shares during the period. Institutional investors own 50.10% of the company's stock.

Analysts Set New Price Targets

CWAN has been the topic of a number of analyst reports. Royal Bank of Canada increased their price target on Clearwater Analytics from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 18th. Wells Fargo & Company increased their target price on Clearwater Analytics from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Citigroup began coverage on Clearwater Analytics in a research note on Monday, August 19th. They issued a "buy" rating and a $28.00 price target for the company. Oppenheimer upped their price objective on shares of Clearwater Analytics from $25.00 to $31.00 and gave the stock an "outperform" rating in a research report on Monday, October 7th. Finally, Piper Sandler reissued a "neutral" rating and issued a $23.00 target price on shares of Clearwater Analytics in a report on Monday, September 9th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.67.

Clearwater Analytics Price Performance

NYSE CWAN traded up $0.04 during trading on Thursday, hitting $26.27. 1,241,912 shares of the company's stock were exchanged, compared to its average volume of 1,454,173. The company has a market cap of $6.45 billion, a PE ratio of -328.38, a P/E/G ratio of 9.16 and a beta of 0.62. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.11. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $15.62 and a fifty-two week high of $27.65. The stock's 50 day moving average price is $25.04 and its two-hundred day moving average price is $21.10.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. Clearwater Analytics had a negative net margin of 1.14% and a positive return on equity of 3.55%. The business had revenue of $106.79 million during the quarter, compared to analysts' expectations of $105.51 million. During the same period in the prior year, the company earned ($0.03) EPS. The firm's quarterly revenue was up 18.8% compared to the same quarter last year. Research analysts expect that Clearwater Analytics Holdings, Inc. will post 0.14 EPS for the current year.

Insider Buying and Selling

In other news, CRO Scott Stanley Erickson sold 3,890 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total value of $92,387.50. Following the completion of the transaction, the executive now owns 4,844 shares of the company's stock, valued at $115,045. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $23.75, for a total value of $92,387.50. Following the completion of the sale, the executive now directly owns 4,844 shares in the company, valued at $115,045. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Subi Sethi sold 21,497 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $24.30, for a total value of $522,377.10. Following the transaction, the insider now directly owns 81,812 shares of the company's stock, valued at approximately $1,988,031.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,879,543 shares of company stock worth $247,145,339 in the last 90 days. Insiders own 2.10% of the company's stock.

About Clearwater Analytics

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.