Raymond James Financial Inc. Invests $20.48 Million in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Raymond James Financial Inc. purchased a new stake in 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 & Exchange Commission. The firm purchased 744,270 shares of the company's stock, valued at approximately $20,482,000. Raymond James Financial Inc. owned approximately 0.30% of Clearwater Analytics at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its stake in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock valued at $35,000 after acquiring an additional 468 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Clearwater Analytics in the fourth quarter valued at approximately $57,000. R Squared Ltd bought a new position in Clearwater Analytics in the fourth quarter valued at approximately $80,000. Nisa Investment Advisors LLC boosted its stake in Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock valued at $86,000 after acquiring an additional 1,987 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Clearwater Analytics by 38.6% in the third quarter. Advisors Asset Management Inc. now owns 3,574 shares of the company's stock valued at $90,000 after acquiring an additional 995 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Clearwater Analytics Stock Up 0.9 %

CWAN traded up $0.23 during trading on Thursday, hitting $26.71. The company had a trading volume of 3,141,199 shares, compared to its average volume of 1,907,942. The company has a market capitalization of $6.70 billion, a PE ratio of 16.09, a PEG ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The firm's 50-day moving average price is $28.28 and its 200 day moving average price is $27.77. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10.

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Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The company had revenue of $126.47 million during 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 expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.58, for a total value of $497,046.00. Following the sale, the chief financial officer now directly owns 358,502 shares in the company, valued at approximately $9,528,983.16. The trade was a 4.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sandeep Sahai sold 218,687 shares of Clearwater Analytics stock in a transaction 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 sale, the chief executive officer now owns 681,588 shares in the company, valued at $20,495,351.16. The trade was 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 have sold 644,510 shares of company stock valued at $18,688,862. 4.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on CWAN. Royal Bank of Canada raised their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Oppenheimer raised their price objective on shares of Clearwater Analytics from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. UBS Group lifted their price target 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. Morgan Stanley reissued an "overweight" rating and set a $36.00 price target (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Finally, DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $35.00 to $32.00 in a research report on Tuesday, January 14th. One 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 company currently has a consensus rating of "Moderate Buy" and an average target price of $33.80.

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.