151,251 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Bought by CenterBook Partners LP

CenterBook Partners LP acquired a new stake in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 151,251 shares of the company’s stock, valued at approximately $4,054,000. CenterBook Partners LP owned approximately 0.06% of Clearwater Analytics as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Nvwm LLC acquired a new stake in shares of Clearwater Analytics during the 1st quarter valued at about $46,000. Aster Capital Management DIFC Ltd acquired a new stake in Clearwater Analytics in the fourth quarter valued at approximately $82,000. CWM LLC increased its position in shares of Clearwater Analytics by 714.6% in the first quarter. CWM LLC now owns 3,071 shares of the company’s stock valued at $82,000 after buying an additional 2,694 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of Clearwater Analytics during the 4th quarter valued at approximately $121,000. Finally, Portside Wealth Group LLC acquired a new stake in Clearwater Analytics in the 1st quarter valued at $206,000. Institutional investors and hedge funds own 50.10% of the company’s stock.

Clearwater Analytics Stock Performance

NYSE CWAN opened at $20.48 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.09 and a current ratio of 5.09. The stock’s fifty day moving average is $22.03 and its two-hundred day moving average is $24.56. The firm has a market capitalization of $5.80 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 4.08 and a beta of 0.73. Clearwater Analytics Holdings, Inc. has a fifty-two week low of $19.93 and a fifty-two week high of $35.71.

Clearwater Analytics (NYSE:CWAN) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Clearwater Analytics had a net margin of 90.18% and a return on equity of 5.22%. The firm had revenue of $181.94 million for the quarter, compared to analyst estimates of $174.16 million. During the same period in the previous year, the firm posted $0.10 EPS. The company’s revenue was up 70.4% compared to the same quarter last year. On average, research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CWAN shares. Oppenheimer reduced their price objective on shares of Clearwater Analytics from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, June 11th. Piper Sandler set a $27.00 price target on shares of Clearwater Analytics and gave the company an “overweight” rating in a research note on Tuesday, June 24th. The Goldman Sachs Group initiated coverage on Clearwater Analytics in a research note on Monday, May 19th. They set a “neutral” rating and a $26.00 price objective for the company. Wells Fargo & Company decreased their target price on Clearwater Analytics from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. began coverage on Clearwater Analytics in a research report on Friday, April 25th. They set an “overweight” rating and a $28.00 price target for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Clearwater Analytics presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.90.

Insider Activity

In related news, insider Subi Sethi sold 7,358 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $21.67, for a total value of $159,447.86. Following the transaction, the insider directly owned 218,788 shares in the company, valued at approximately $4,741,135.96. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 on Tuesday, July 15th. The stock was sold at an average price of $22.50, for a total value of $420,750.00. Following the sale, the chief financial officer directly owned 348,964 shares of the company’s stock, valued at approximately $7,851,690. This trade represents a 5.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,107 shares of company stock valued at $5,844,208. Company insiders own 3.31% of the company’s stock.

Clearwater Analytics Company 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.