Oppenheimer & Co. Inc. Lowers Position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Oppenheimer & Co. Inc. lessened its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 26.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,152 shares of the company's stock after selling 8,910 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Clearwater Analytics were worth $665,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC raised its position in shares of Clearwater Analytics by 47.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 20,970 shares of the company's stock worth $577,000 after acquiring an additional 6,710 shares in the last quarter. Amalgamated Bank grew its stake in Clearwater Analytics by 25.9% during the fourth quarter. Amalgamated Bank now owns 6,098 shares of the company's stock worth $168,000 after purchasing an additional 1,254 shares during the period. Bank of New York Mellon Corp increased its holdings in Clearwater Analytics by 46.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,040,188 shares of the company's stock worth $28,626,000 after purchasing an additional 328,542 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Clearwater Analytics in the fourth quarter valued at approximately $450,000. Finally, Olympiad Research LP bought a new position in shares of Clearwater Analytics during the 4th quarter worth approximately $409,000. Institutional investors own 50.10% of the company's stock.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CRO Scott Stanley Erickson sold 3,890 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $29.07, for a total transaction of $113,082.30. Following the sale, the executive now owns 6,373 shares in the company, valued at $185,263.11. This represents a 37.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Monday, December 16th. The shares were sold at an average price of $29.65, for a total value of $554,455.00. Following the completion of the transaction, the chief financial officer now owns 214,044 shares of the company's stock, valued at approximately $6,346,404.60. This trade represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 594,259 shares of company stock worth $17,416,855 over the last ninety days. 4.60% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

A number of research analysts recently issued reports on CWAN shares. UBS Group boosted their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Wells Fargo & Company increased their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their target price for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Finally, Oppenheimer raised their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.80.

Clearwater Analytics Stock Performance

CWAN traded down $1.18 during trading on Monday, hitting $27.56. 2,078,540 shares of the company traded hands, compared to its average volume of 2,520,735. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The stock's fifty day moving average is $28.35 and its 200 day moving average is $27.65. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The firm has a market cap of $6.81 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). The company had revenue of $126.47 million for the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. As a group, equities analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

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.