Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 46.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,518 shares of the company's stock after selling 11,635 shares during the quarter. US Bancorp DE's holdings in Clearwater Analytics were worth $372,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wasatch Advisors LP lifted its holdings in Clearwater Analytics by 3.2% in the 3rd quarter. Wasatch Advisors LP now owns 18,135,026 shares of the company's stock valued at $457,909,000 after purchasing an additional 559,564 shares in the last quarter. State Street Corp lifted its stake in shares of Clearwater Analytics by 38.7% during the third quarter. State Street Corp now owns 3,617,462 shares of the company's stock valued at $91,341,000 after buying an additional 1,009,548 shares during the period. Geode Capital Management LLC boosted its position in Clearwater Analytics by 5.7% during the third quarter. Geode Capital Management LLC now owns 3,512,511 shares of the company's stock worth $88,710,000 after acquiring an additional 187,881 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in Clearwater Analytics by 11.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,294,482 shares of the company's stock worth $83,186,000 after acquiring an additional 327,880 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Clearwater Analytics by 10.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,003,930 shares of the company's stock valued at $75,849,000 after acquiring an additional 281,958 shares during the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Clearwater Analytics

In other 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 directly owns 144,973 shares in the company, valued at approximately $4,359,338.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Souvik Das sold 76,844 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $2,310,699.08. Following the completion of the sale, the chief technology officer now directly owns 68,902 shares of the company's stock, valued at $2,071,883.14. The trade was a 52.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 625,810 shares of company stock valued at $18,191,816. Corporate insiders own 4.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CWAN. Oppenheimer raised their price objective on Clearwater Analytics from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Wells Fargo & Company boosted their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Morgan Stanley reaffirmed an "overweight" rating and set a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. Finally, UBS Group increased their target price on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.80.

Clearwater Analytics Stock Down 1.3 %

Shares of NYSE CWAN traded down $0.35 on Monday, hitting $26.56. The company had a trading volume of 4,665,185 shares, compared to its average volume of 1,895,199. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The firm has a market capitalization of $6.67 billion, a P/E ratio of 16.00, a PEG ratio of 8.23 and a beta of 0.69. The business has a 50 day moving average of $28.31 and a two-hundred day moving average of $27.75.

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 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, equities research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal 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.