Sei Investments Co. Has $43.24 Million Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Sei Investments Co. reduced its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,571,282 shares of the company’s stock after selling 436,125 shares during the period. Sei Investments Co.’s holdings in Clearwater Analytics were worth $43,242,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Principal Financial Group Inc. lifted its stake in shares of Clearwater Analytics by 1,600.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,442,218 shares of the company’s stock valued at $39,690,000 after buying an additional 1,357,425 shares in the last quarter. Loomis Sayles & Co. L P lifted its position 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 valued at $83,186,000 after acquiring an additional 327,880 shares in the last quarter. Swiss National Bank boosted its stake in Clearwater Analytics by 8.5% during the 3rd quarter. Swiss National Bank now owns 312,900 shares of the company’s stock valued at $7,901,000 after purchasing an additional 24,600 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in Clearwater Analytics by 189.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,269,121 shares of the company’s stock worth $34,926,000 after purchasing an additional 830,684 shares in the last quarter. Finally, Moody Aldrich Partners LLC raised its stake in shares of Clearwater Analytics by 32.4% in the fourth quarter. Moody Aldrich Partners LLC now owns 386,424 shares of the company’s stock worth $10,634,000 after purchasing an additional 94,454 shares during the last quarter. Institutional investors and hedge funds own 50.10% of the company’s stock.

Wall Street Analyst Weigh In

CWAN has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Oppenheimer upped their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and raised their price target for the company from $28.00 to $36.00 in a research report on Thursday, February 20th. UBS Group boosted their price target on shares of Clearwater Analytics from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, DA Davidson upgraded shares of Clearwater Analytics from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $35.00 to $32.00 in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.80.

Insider Activity at Clearwater Analytics

In other news, CRO Scott Stanley Erickson sold 4,141 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $27.65, for a total value of $114,498.65. Following the completion of the transaction, the executive now directly owns 7,902 shares of the company’s stock, valued at $218,490.30. This trade represents a 34.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James S. Cox sold 18,700 shares of the business’s 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 owns 358,502 shares in the company, valued at approximately $9,528,983.16. The trade was a 4.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 644,510 shares of company stock worth $18,688,862. Company insiders own 4.60% of the company’s stock.

Clearwater Analytics Trading Up 2.3 %

Shares of CWAN stock opened at $27.11 on Tuesday. Clearwater Analytics Holdings, Inc. has a 12-month low of $15.62 and a 12-month high of $35.71. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $28.28 and a 200-day moving average of $27.85. The firm has a market cap of $6.80 billion, a P/E ratio of 16.33, a PEG ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (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 firm had revenue of $126.47 million during the quarter, compared to analysts’ expectations of $120.34 million. Sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Clearwater Analytics 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.