Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Bought by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC raised its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,778,457 shares of the company's stock after purchasing an additional 107,210 shares during the period. Clearwater Analytics makes up approximately 2.3% of Conestoga Capital Advisors LLC's holdings, making the stock its 18th biggest position. Conestoga Capital Advisors LLC owned 2.76% of Clearwater Analytics worth $171,156,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. William Blair Investment Management LLC raised its position in shares of Clearwater Analytics by 42.5% in the 1st quarter. William Blair Investment Management LLC now owns 10,364,266 shares of the company's stock valued at $183,344,000 after acquiring an additional 3,090,352 shares during the period. Hood River Capital Management LLC acquired a new position in Clearwater Analytics during the second quarter worth approximately $43,280,000. Vanguard Group Inc. raised its position in shares of Clearwater Analytics by 17.2% in the first quarter. Vanguard Group Inc. now owns 15,131,505 shares of the company's stock valued at $267,676,000 after purchasing an additional 2,219,459 shares during the period. Bamco Inc. NY boosted its stake in Clearwater Analytics by 30.8% in the 1st quarter. Bamco Inc. NY now owns 5,359,172 shares of the company's stock valued at $94,804,000 after purchasing an additional 1,262,150 shares during the period. Finally, Stephens Investment Management Group LLC bought a new stake in Clearwater Analytics in the 3rd quarter valued at about $11,071,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Analysts Set New Price Targets

CWAN has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on Clearwater Analytics from $25.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, September 18th. Morgan Stanley boosted their price objective on Clearwater Analytics from $20.00 to $30.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Wells Fargo & Company increased their price target on Clearwater Analytics from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. Piper Sandler reiterated a "neutral" rating and issued a $23.00 target price on shares of Clearwater Analytics in a research note on Monday, September 9th. Finally, Citigroup assumed coverage on shares of Clearwater Analytics in a research note on Monday, August 19th. They issued a "buy" rating and a $28.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Clearwater Analytics has a consensus rating of "Moderate Buy" and an average price target of $25.67.

Insider Activity

In related news, Director Warburg Pincus Llc sold 9,000,000 shares of Clearwater Analytics stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $22.41, for a total transaction of $201,690,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO James S. Cox sold 13,700 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $23.64, for a total transaction of $323,868.00. Following the completion of the transaction, the chief financial officer now directly owns 232,503 shares in the company, valued at approximately $5,496,370.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Warburg Pincus Llc sold 9,000,000 shares of the company's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $22.41, for a total value of $201,690,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,864,693 shares of company stock worth $246,818,342. 3.46% of the stock is currently owned by corporate insiders.

Clearwater Analytics Price Performance

Shares of CWAN stock traded up $0.19 on Friday, hitting $26.30. 1,032,607 shares of the stock traded hands, compared to its average volume of 1,444,280. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of -1,312.00, a PEG ratio of 9.74 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.78 and a quick ratio of 4.78. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $27.65. The firm has a 50 day simple moving average of $25.27 and a two-hundred day simple moving average of $21.44.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Clearwater Analytics had a positive return on equity of 3.55% and a negative net margin of 1.14%. The company had revenue of $106.79 million for the quarter, compared to analyst estimates of $105.51 million. During the same quarter in the prior year, the firm posted ($0.03) EPS. Clearwater Analytics's quarterly revenue was up 18.8% compared to the same quarter last year. As a group, equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

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.