Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by Summit Creek Advisors LLC

Summit Creek Advisors LLC boosted its stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,045 shares of the company’s stock after acquiring an additional 833 shares during the period. Summit Creek Advisors LLC owned 0.12% of Clearwater Analytics worth $7,844,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CWAN. GAMMA Investing LLC raised its holdings in Clearwater Analytics by 57.4% in the fourth quarter. GAMMA Investing LLC now owns 1,284 shares of the company’s stock valued at $35,000 after acquiring an additional 468 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Clearwater Analytics in the fourth quarter valued at $57,000. R Squared Ltd acquired a new stake in Clearwater Analytics in the fourth quarter valued at $80,000. Nisa Investment Advisors LLC raised its holdings in shares of Clearwater Analytics by 174.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,128 shares of the company’s stock worth $86,000 after purchasing an additional 1,987 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in shares of Clearwater Analytics during the fourth quarter worth $88,000. 50.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of the firm’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 completion of the transaction, the chief executive officer now owns 615,855 shares in the company, valued at approximately $15,944,485.95. This trade represents a 7.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James S. Cox sold 18,700 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.58, for a total transaction of $497,046.00. Following the transaction, the chief financial officer now owns 358,502 shares of the company’s stock, valued at approximately $9,528,983.16. This trade represents a 4.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 644,510 shares of company stock worth $18,688,862 in the last 90 days. Corporate insiders own 4.60% of the company’s stock.

Clearwater Analytics Stock Performance

Shares of CWAN opened at $26.52 on Monday. The firm has a 50-day moving average price of $28.26 and a 200 day moving average price of $27.82. The firm has a market capitalization of $6.66 billion, a PE ratio of 15.98, a P/E/G ratio of 8.23 and a beta of 0.69. 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 52-week low of $15.62 and a 52-week high of $35.71.

Clearwater Analytics (NYSE:CWAN) last announced 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). The company had revenue of $126.47 million during the quarter, compared to the consensus estimate of $120.34 million. Clearwater Analytics had a net margin of 93.97% and a return on equity of 7.11%. On average, sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Piper Sandler raised shares of Clearwater Analytics from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Oppenheimer increased their target price on shares of Clearwater Analytics from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Morgan Stanley reissued an “overweight” rating and set a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Finally, Wells Fargo & Company increased their target price on shares of Clearwater Analytics from $35.00 to $37.00 and gave the stock an “overweight” rating in a report 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 company. According to MarketBeat.com, the stock presently has a consensus 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.