Wells Fargo & Company MN Has $32.08 Million Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Wells Fargo & Company MN lessened its position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 2.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,165,827 shares of the company's stock after selling 33,436 shares during the quarter. Wells Fargo & Company MN owned approximately 0.47% of Clearwater Analytics worth $32,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CWAN. FMR LLC increased its position in Clearwater Analytics by 171.4% during the third quarter. FMR LLC now owns 9,169 shares of the company's stock worth $232,000 after buying an additional 5,790 shares in the last quarter. Captrust Financial Advisors increased its position in Clearwater Analytics by 7.7% during the 3rd quarter. Captrust Financial Advisors now owns 14,319 shares of the company's stock worth $362,000 after purchasing an additional 1,026 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Clearwater Analytics during the 3rd quarter worth about $237,000. Stifel Financial Corp raised its stake in Clearwater Analytics by 5.9% in the 3rd quarter. Stifel Financial Corp now owns 186,227 shares of the company's stock valued at $4,702,000 after purchasing an additional 10,378 shares during the last quarter. Finally, State Street Corp lifted its holdings in Clearwater Analytics by 38.7% in the 3rd quarter. State Street Corp now owns 3,617,462 shares of the company's stock valued at $91,341,000 after purchasing an additional 1,009,548 shares in the last quarter. 50.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Clearwater Analytics news, CEO Sandeep Sahai sold 218,687 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the completion of the transaction, the chief executive officer now 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 link. Also, CFO James S. Cox sold 18,700 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.33, for a total transaction of $511,071.00. Following the transaction, the chief financial officer now directly owns 274,857 shares in the company, valued at approximately $7,511,841.81. The trade was a 6.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 625,810 shares of company stock worth $18,045,084 over the last quarter. 4.60% of the stock is owned by company insiders.

Clearwater Analytics Stock Up 0.4 %

Clearwater Analytics stock traded up $0.10 during trading on Wednesday, reaching $23.47. 659,799 shares of the company's stock were exchanged, compared to its average volume of 2,506,679. Clearwater Analytics Holdings, Inc. has a 52-week low of $15.62 and a 52-week high of $35.71. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 8.23 and a beta of 0.76. 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's 50-day moving average is $27.02 and its two-hundred day moving average is $27.80.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. The business had revenue of $126.47 million for the quarter, compared to analyst estimates of $120.34 million. On average, analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

CWAN has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Wells Fargo & Company boosted their price target on Clearwater Analytics from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. UBS Group raised their price objective on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Morgan Stanley reiterated an "overweight" rating and set a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a research report on Friday, February 21st. Finally, Piper Sandler upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $28.00 to $36.00 in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company. According to data from MarketBeat, Clearwater Analytics presently has an average 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.