Osterweis Capital Management Inc. Has $9.68 Million Stock Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Osterweis Capital Management Inc. grew its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 351,560 shares of the company's stock after acquiring an additional 61,995 shares during the period. Osterweis Capital Management Inc. owned 0.14% of Clearwater Analytics worth $9,675,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CWAN. Principal Financial Group Inc. grew its holdings in Clearwater Analytics by 1,600.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company's stock valued at $39,690,000 after purchasing an additional 1,357,425 shares during the last quarter. Alliancebernstein L.P. grew its stake in Clearwater Analytics by 66.0% in the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock valued at $202,931,000 after buying an additional 2,931,445 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Clearwater Analytics in the 4th quarter worth $1,112,000. Stephens Investment Management Group LLC boosted its holdings in Clearwater Analytics by 189.5% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock valued at $34,926,000 after acquiring an additional 830,684 shares during the period. Finally, Moody Aldrich Partners LLC grew its position in shares of Clearwater Analytics by 32.4% in the fourth quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company's stock valued at $10,634,000 after purchasing an additional 94,454 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Insider Buying and Selling at Clearwater Analytics

In other news, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total value of $511,071.00. Following the transaction, the chief financial officer now owns 274,857 shares of the company's stock, valued at approximately $7,511,841.81. This trade represents a 6.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sandeep Sahai sold 218,687 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the completion of the transaction, the chief executive officer now owns 681,588 shares in the company, valued at $20,495,351.16. This represents a 24.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 644,510 shares of company stock worth $18,478,363. 4.60% of the stock is currently owned by corporate insiders.

Clearwater Analytics Price Performance

NYSE:CWAN traded up $0.61 on Tuesday, reaching $21.94. The stock had a trading volume of 524,493 shares, compared to its average volume of 2,105,164. The company has a market capitalization of $5.51 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. The stock has a fifty day moving average price of $26.59 and a 200-day moving average price of $27.75. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. 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 issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.47 million during the quarter, compared to the consensus estimate of $120.34 million. Research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on CWAN shares. Morgan Stanley restated an "overweight" rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Royal Bank of Canada raised their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Wells Fargo & Company cut their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Tuesday. Piper Sandler upgraded shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Finally, UBS Group boosted their price target on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $33.30.

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.