Pier Capital LLC Makes New $3.54 Million Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Pier Capital LLC bought a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 128,570 shares of the company's stock, valued at approximately $3,538,000. Pier Capital LLC owned about 0.05% of Clearwater Analytics as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CWAN. GAMMA Investing LLC lifted its holdings 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 valued at $35,000 after purchasing an additional 468 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in 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 buying an additional 502 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Clearwater Analytics by 11.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock worth $142,000 after acquiring an additional 521 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of Clearwater Analytics by 5.5% during the third quarter. IHT Wealth Management LLC now owns 11,416 shares of the company's stock worth $288,000 after acquiring an additional 598 shares during the last quarter. Finally, Summit Creek Advisors LLC increased its holdings in shares of Clearwater Analytics by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 285,045 shares of the company's stock valued at $7,844,000 after acquiring an additional 833 shares in the last quarter. 50.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on CWAN shares. Morgan Stanley reissued an "overweight" rating and set a $36.00 target price (up previously from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Royal Bank of Canada upped their target price on Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Oppenheimer lifted their price target on Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. Piper Sandler raised Clearwater Analytics from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $28.00 to $36.00 in a report on Thursday, February 20th. Finally, UBS Group lifted their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.80.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 62,482 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 $4,359,338.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.58, for a total value of $497,046.00. Following the sale, the chief financial officer now owns 358,502 shares of the company's stock, valued at $9,528,983.16. The trade was a 4.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 644,510 shares of company stock valued at $18,688,862. 4.60% of the stock is owned by company insiders.

Clearwater Analytics Stock Performance

NYSE CWAN traded down $0.52 during mid-day trading on Friday, reaching $26.51. 1,370,390 shares of the stock were exchanged, compared to its average volume of 2,024,213. The business's 50 day moving average is $28.28 and its 200-day moving average is $27.91. The company has a market capitalization of $6.65 billion, a P/E ratio of 15.97, a P/E/G ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly 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 business 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%. On average, equities research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

About Clearwater Analytics

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.