Sei Investments Co. Sells 436,125 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Sei Investments Co. trimmed its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,571,282 shares of the company's stock after selling 436,125 shares during the period. Sei Investments Co. owned 0.64% of Clearwater Analytics worth $43,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC grew 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 acquiring an additional 468 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Clearwater Analytics during the fourth quarter valued at about $57,000. R Squared Ltd bought a new position in Clearwater Analytics during the fourth quarter worth about $80,000. Nisa Investment Advisors LLC increased its stake in shares of Clearwater Analytics by 174.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company's stock worth $86,000 after purchasing an additional 1,987 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Clearwater Analytics in the fourth quarter valued at approximately $88,000. 50.10% of the stock is owned by hedge funds and other institutional investors.

Clearwater Analytics Price Performance

Shares of NYSE CWAN traded down $0.52 during midday trading on Friday, hitting $26.51. 1,370,390 shares of the company's stock were exchanged, compared to its average volume of 2,024,213. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The business's fifty day moving average price is $28.28 and its two-hundred day moving average price is $27.88. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 8.23 and a beta of 0.69. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71.

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Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly 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). The company had revenue of $126.47 million during the quarter, compared to analysts' expectations of $120.34 million. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. As a group, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

CWAN has been the subject of several analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Oppenheimer lifted their price target on 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 boosted their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Royal Bank of Canada raised 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 decreased their price target for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Clearwater Analytics has an average rating of "Moderate Buy" and a consensus price target of $33.80.

Insider Activity at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 218,687 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $6,575,918.09. Following the completion of the sale, the chief executive officer now directly owns 681,588 shares in the company, valued at approximately $20,495,351.16. The trade was a 24.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction, the executive now directly owns 78,363 shares in the company, valued at approximately $2,356,375.41. This represents a 49.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock valued at $18,688,862 over the last 90 days. 4.60% of the stock is owned by insiders.

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.