Pamalican Asset Management Ltd Makes New $8.26 Million Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Pamalican Asset Management Ltd bought a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 300,000 shares of the company's stock, valued at approximately $8,256,000. Clearwater Analytics accounts for 3.7% of Pamalican Asset Management Ltd's portfolio, making the stock its 7th largest position. Pamalican Asset Management Ltd owned approximately 0.12% of Clearwater Analytics at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CWAN. GAMMA Investing LLC raised its stake in shares of Clearwater Analytics by 57.4% during the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after buying an additional 468 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Clearwater Analytics by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock valued at $469,000 after purchasing an additional 502 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Clearwater Analytics by 11.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock valued at $142,000 after purchasing an additional 521 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of Clearwater Analytics by 5.5% during the 3rd quarter. IHT Wealth Management LLC now owns 11,416 shares of the company's stock worth $288,000 after purchasing an additional 598 shares in the last quarter. Finally, Summit Creek Advisors LLC lifted its stake in Clearwater Analytics by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock valued at $7,844,000 after buying an additional 833 shares in the last quarter. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insider Transactions at Clearwater Analytics

In other news, insider Subi Sethi sold 62,482 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $1,878,833.74. Following the completion of the transaction, the insider now owns 144,973 shares of the company's stock, valued at approximately $4,359,338.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.58, for a total transaction of $497,046.00. Following the completion of the sale, the chief financial officer now directly owns 358,502 shares in the company, valued at approximately $9,528,983.16. This trade represents a 4.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CWAN has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price target on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Wells Fargo & Company lifted their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Finally, UBS Group raised their target price on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $33.80.

Clearwater Analytics Stock Down 0.1 %

NYSE:CWAN traded down $0.03 during mid-day trading on Wednesday, reaching $22.16. The stock had a trading volume of 687,973 shares, compared to its average volume of 2,057,141. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.66 and a quick ratio of 4.66. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 8.23 and a beta of 0.76. Clearwater Analytics Holdings, Inc. has a 1-year low of $15.62 and a 1-year high of $35.71. The stock's 50 day simple moving average is $27.64 and its two-hundred day simple moving average is $27.90.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. Equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current 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.