Vestmark Advisory Solutions Inc. Purchases 28,838 Shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Vestmark Advisory Solutions Inc. boosted its position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) by 79.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,216 shares of the company’s stock after buying an additional 28,838 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Clearwater Analytics were worth $1,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Clearwater Analytics by 65.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,387,928 shares of the company’s stock worth $67,860,000 after purchasing an additional 1,335,802 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Clearwater Analytics by 13.8% in the third quarter. Vanguard Group Inc. now owns 9,450,888 shares of the company’s stock worth $182,780,000 after buying an additional 1,148,338 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Clearwater Analytics in the third quarter valued at approximately $2,551,000. Raymond James & Associates grew its stake in Clearwater Analytics by 42.1% during the fourth quarter. Raymond James & Associates now owns 621,031 shares of the company’s stock valued at $12,439,000 after acquiring an additional 183,899 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in Clearwater Analytics in the 3rd quarter worth approximately $2,022,000. 50.10% of the stock is owned by institutional investors.

Insider Activity at Clearwater Analytics

In related news, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $16.90, for a total transaction of $274,625,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $19.74, for a total value of $987,000.00. Following the transaction, the chief executive officer now directly owns 270,838 shares in the company, valued at approximately $5,346,342.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Xii Carbon Analytics Acqu Wcas sold 16,250,000 shares of Clearwater Analytics stock in a transaction on Monday, March 11th. The shares were sold at an average price of $16.90, for a total value of $274,625,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,310,000 shares of company stock worth $275,809,400. 2.10% of the stock is owned by insiders.

Clearwater Analytics Stock Up 1.1 %

Clearwater Analytics stock traded up $0.19 during mid-day trading on Monday, hitting $17.86. The company had a trading volume of 35,099 shares, compared to its average volume of 1,217,592. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $17.01 and its two-hundred day moving average price is $18.66. Clearwater Analytics Holdings, Inc. has a 12 month low of $14.43 and a 12 month high of $21.89. The company has a market capitalization of $4.37 billion, a PE ratio of -223.13, a price-to-earnings-growth ratio of 7.85 and a beta of 0.50.

Clearwater Analytics (NYSE:CWAN) last released its earnings results on Wednesday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $102.70 million for the quarter, compared to the consensus estimate of $100.55 million. Clearwater Analytics had a positive return on equity of 1.25% and a negative net margin of 3.90%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 earnings per share. As a group, sell-side analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and set a $19.00 price target on shares of Clearwater Analytics in a research report on Thursday. Wells Fargo & Company dropped their target price on Clearwater Analytics from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday. Piper Sandler reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Clearwater Analytics in a research note on Thursday, February 29th. DA Davidson reaffirmed a “buy” rating and issued a $24.00 price target on shares of Clearwater Analytics in a research note on Monday, February 5th. Finally, JPMorgan Chase & Co. decreased their price target on Clearwater Analytics from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.70.

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.