744,270 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 744,270 shares of the company's stock, valued at approximately $20,482,000. Raymond James Financial Inc. owned 0.30% of Clearwater Analytics at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CWAN. GAMMA Investing LLC boosted its holdings in shares of Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after acquiring an additional 468 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Clearwater Analytics by 3.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock worth $469,000 after purchasing an additional 502 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Clearwater Analytics by 11.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock worth $142,000 after purchasing an additional 521 shares during the period. Summit Creek Advisors LLC grew its holdings in Clearwater Analytics by 0.3% during 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. Finally, Truist Financial Corp increased its position in shares of Clearwater Analytics by 5.8% during the fourth quarter. Truist Financial Corp now owns 21,915 shares of the company's stock valued at $603,000 after buying an additional 1,209 shares during the period. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $27.63, for a total value of $1,381,500.00. Following the transaction, the chief executive officer now directly owns 615,855 shares of the company's stock, valued at $17,016,073.65. The trade was a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Scott Stanley Erickson sold 76,256 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $2,293,017.92. Following the sale, the executive now directly owns 78,363 shares of the company's stock, valued at $2,356,375.41. The trade was a 49.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock valued at $18,478,363 in the last ninety days. Company insiders own 4.60% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on CWAN. Piper Sandler raised shares of Clearwater Analytics from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $28.00 to $36.00 in a research note on Thursday, February 20th. Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Wells Fargo & Company dropped their price objective on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Tuesday. Royal Bank of Canada upped their target price on Clearwater Analytics from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. Finally, DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and dropped their price target for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $33.30.

Clearwater Analytics Price Performance

CWAN traded up $0.39 during midday trading on Wednesday, hitting $22.30. The stock had a trading volume of 3,859,391 shares, compared to its average volume of 2,138,560. The company has a market cap of $5.60 billion, a P/E ratio of 13.43, 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 business has a fifty day moving average of $26.48 and a 200 day moving average of $27.71. 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 issued its earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.07). Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The business had revenue of $126.47 million during the quarter, compared to analysts' expectations of $120.34 million. As a group, equities analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share 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.