Stephens Investment Management Group LLC Invests $11.07 Million in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Stephens Investment Management Group LLC purchased a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 438,437 shares of the company's stock, valued at approximately $11,071,000. Stephens Investment Management Group LLC owned 0.18% of Clearwater Analytics as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of CWAN. Advisors Asset Management Inc. grew its stake in shares of Clearwater Analytics by 268.8% in the first quarter. Advisors Asset Management Inc. now owns 1,693 shares of the company's stock worth $30,000 after purchasing an additional 1,234 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Clearwater Analytics during the third quarter valued at about $45,000. Financial Management Professionals Inc. acquired a new stake in Clearwater Analytics in the third quarter worth about $58,000. Benjamin F. Edwards & Company Inc. increased its stake in Clearwater Analytics by 124.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,372 shares of the company's stock valued at $81,000 after buying an additional 2,425 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Clearwater Analytics in the 3rd quarter worth approximately $117,000. Institutional investors and hedge funds own 50.10% of the company's stock.

Clearwater Analytics Stock Up 0.7 %

Shares of CWAN traded up $0.18 during mid-day trading on Friday, reaching $26.29. The company's stock had a trading volume of 1,032,607 shares, compared to its average volume of 1,444,280. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $27.65. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.48 billion, a price-to-earnings ratio of -1,314.50, a price-to-earnings-growth ratio of 9.74 and a beta of 0.62. The business has a fifty day moving average of $25.30 and a 200 day moving average of $21.51.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CWAN shares. Piper Sandler reiterated a "neutral" rating and set a $23.00 price target on shares of Clearwater Analytics in a research report on Monday, September 9th. Oppenheimer boosted their target price on shares of Clearwater Analytics from $25.00 to $31.00 and gave the stock an "outperform" rating in a report on Monday, October 7th. Royal Bank of Canada raised their target price on shares of Clearwater Analytics from $25.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, September 18th. Citigroup initiated coverage on Clearwater Analytics in a report on Monday, August 19th. They issued a "buy" rating and a $28.00 price target on the stock. Finally, Wells Fargo & Company raised their price objective on Clearwater Analytics from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.67.

Insider Buying and Selling

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