Federated Hermes Inc. Grows Holdings in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Federated Hermes Inc. boosted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 27,536.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,654 shares of the company’s stock after buying an additional 338,425 shares during the quarter. Federated Hermes Inc. owned 0.14% of Clearwater Analytics worth $9,347,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Clearwater Analytics by 57.4% during the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock worth $35,000 after buying an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in Clearwater Analytics during the 4th quarter worth $57,000. R Squared Ltd acquired a new position in Clearwater Analytics during the 4th quarter worth $80,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Clearwater Analytics in the 4th quarter worth about $82,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Clearwater Analytics by 174.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock valued at $86,000 after purchasing an additional 1,987 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $25.89, for a total transaction of $1,294,500.00. Following the sale, the chief executive officer now directly owns 615,855 shares in the company, valued at approximately $15,944,485.95. The trade was a 7.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James S. Cox sold 18,700 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $27.33, for a total transaction of $511,071.00. Following the completion of the sale, the chief financial officer now directly owns 274,857 shares of the company’s stock, valued at approximately $7,511,841.81. This represents a 6.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 644,510 shares of company stock valued at $18,688,862 in the last quarter. Corporate insiders own 4.60% of the company’s stock.

Clearwater Analytics Stock Down 3.8 %

Clearwater Analytics stock opened at $23.06 on Friday. The firm has a market capitalization of $5.79 billion, a P/E ratio of 13.89, a P/E/G ratio of 8.23 and a beta of 0.76. The company has a 50-day simple moving average of $27.35 and a 200-day simple moving average of $27.85. Clearwater Analytics Holdings, Inc. has a one year low of $15.62 and a one year high of $35.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.66 and a current ratio of 4.66.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $126.47 million during the quarter, compared to analyst estimates of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. As a group, equities analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. 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. Piper Sandler upgraded Clearwater Analytics from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $28.00 to $36.00 in a report on Thursday, February 20th. DA Davidson upgraded Clearwater Analytics from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $35.00 to $32.00 in a research note on Tuesday, January 14th. 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 research note on Thursday, February 20th. Finally, Royal Bank of Canada raised their price target on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.80.

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.