Annis Gardner Whiting Capital Advisors LLC Purchases New Stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Annis Gardner Whiting Capital Advisors LLC acquired a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,200 shares of the company’s stock, valued at approximately $116,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in shares of Clearwater Analytics by 98.2% during the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company’s stock worth $163,867,000 after purchasing an additional 2,950,555 shares during the period. Alliancebernstein L.P. grew its stake in Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company’s stock worth $202,931,000 after buying an additional 2,931,445 shares during the last quarter. Vanguard Group Inc. increased its position in Clearwater Analytics by 13.3% in the fourth quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company’s stock worth $574,607,000 after buying an additional 2,455,844 shares during the period. Norges Bank bought a new stake in Clearwater Analytics in the fourth quarter valued at $59,402,000. Finally, Blair William & Co. IL boosted its holdings in shares of Clearwater Analytics by 3,835.2% during the fourth quarter. Blair William & Co. IL now owns 1,754,732 shares of the company’s stock valued at $48,290,000 after acquiring an additional 1,710,141 shares during the period. Institutional investors own 50.10% of the company’s stock.

Analyst Upgrades and Downgrades

CWAN has been the topic of several recent research reports. Wells Fargo & Company lifted their price objective on shares of Clearwater Analytics from $35.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, February 20th. DA Davidson raised Clearwater Analytics from a “neutral” rating to a “buy” rating and cut their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. Morgan Stanley reissued 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. UBS Group lifted their target price on Clearwater Analytics from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, Royal Bank of Canada increased their price target on Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat, Clearwater Analytics has a consensus rating of “Moderate Buy” and an average target price of $33.80.

Clearwater Analytics Price Performance

NYSE:CWAN opened at $23.45 on Friday. 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 business’s 50-day moving average price is $28.01 and its 200 day moving average price is $27.94. 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 P/E ratio of 14.12, a PEG ratio of 8.23 and a beta of 0.69.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $120.34 million. As a group, sell-side analysts predict that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 218,687 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total transaction of $6,575,918.09. Following the completion of the sale, the chief executive officer now directly owns 681,588 shares of the company’s stock, valued at approximately $20,495,351.16. This represents a 24.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Scott Stanley Erickson sold 4,141 shares of Clearwater Analytics stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $27.65, for a total transaction of $114,498.65. Following the completion of the transaction, the executive now directly owns 7,902 shares in the company, valued at approximately $218,490.30. This trade represents a 34.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 644,510 shares of company stock valued at $18,688,862 in the last three months. 4.60% of the stock is currently owned by corporate insiders.

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.