Polen Capital Management LLC Sells 198,925 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Polen Capital Management LLC decreased its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 58.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,029 shares of the company's stock after selling 198,925 shares during the period. Polen Capital Management LLC owned approximately 0.06% of Clearwater Analytics worth $3,854,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Clearwater Analytics by 1,600.9% during the 4th quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company's stock valued at $39,690,000 after buying an additional 1,357,425 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Clearwater Analytics during the 3rd quarter valued at $3,677,000. Loomis Sayles & Co. L P boosted its position in Clearwater Analytics by 11.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company's stock valued at $83,186,000 after buying an additional 327,880 shares during the period. Swiss National Bank boosted its position in Clearwater Analytics by 8.5% during the 3rd quarter. Swiss National Bank now owns 312,900 shares of the company's stock valued at $7,901,000 after buying an additional 24,600 shares during the period. Finally, Stephens Investment Management Group LLC boosted its position in Clearwater Analytics by 189.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company's stock valued at $34,926,000 after buying an additional 830,684 shares during the period. Hedge funds and other institutional investors own 50.10% of the company's stock.

Remove Ads

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, insider Subi Sethi sold 62,482 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 144,973 shares in the company, valued at approximately $4,359,338.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sandeep Sahai sold 218,687 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 681,588 shares of the company's stock, valued at approximately $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 ninety days, insiders sold 644,510 shares of company stock worth $18,688,862. 4.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CWAN shares. Oppenheimer increased their price target on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. UBS Group raised their target price on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $28.00 to $36.00 in a research report on Thursday, February 20th. 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 report on Friday, February 21st. Finally, Wells Fargo & Company raised their target price 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. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.80.

Clearwater Analytics Stock Up 0.9 %

Shares of Clearwater Analytics stock traded up $0.23 during trading on Thursday, hitting $26.71. The company's stock had a trading volume of 3,147,179 shares, compared to its average volume of 1,907,966. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66. The company has a fifty day simple moving average of $28.28 and a two-hundred day simple moving average of $27.77. The company has a market capitalization of $6.70 billion, a PE ratio of 16.09, a P/E/G ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 52 week low of $15.62 and a 52 week high of $35.71.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $126.47 million during the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. Equities research analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share 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.