Bosun Asset Management LLC Makes New Investment in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Bosun Asset Management LLC acquired a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,654 shares of the company's stock, valued at approximately $348,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Clearwater Analytics by 13.3% in the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock valued at $574,607,000 after purchasing an additional 2,455,844 shares during the period. Alliancebernstein L.P. increased its holdings in Clearwater Analytics by 66.0% during the fourth 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. Wellington Management Group LLP raised its position in Clearwater Analytics by 98.2% in the fourth quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock worth $163,867,000 after acquiring an additional 2,950,555 shares during the period. JPMorgan Chase & Co. boosted its stake in Clearwater Analytics by 52.4% in the fourth quarter. JPMorgan Chase & Co. now owns 4,613,815 shares of the company's stock valued at $126,972,000 after acquiring an additional 1,585,869 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Clearwater Analytics by 9.0% during the 4th quarter. Invesco Ltd. now owns 4,253,863 shares of the company's stock valued at $117,066,000 after acquiring an additional 352,201 shares during the period. 50.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CWAN. Wells Fargo & Company dropped their price objective on Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley reiterated an "overweight" rating and set a $36.00 price target (up previously from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Piper Sandler lowered their price objective on Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. 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 research report on Thursday, February 20th. Finally, DA Davidson raised shares of Clearwater Analytics from a "neutral" rating to a "buy" rating and lowered their price target for the company from $35.00 to $32.00 in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Clearwater Analytics currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Clearwater Analytics Price Performance

Clearwater Analytics stock traded up $0.56 during midday trading on Friday, reaching $23.52. 3,079,336 shares of the stock were exchanged, compared to its average volume of 2,267,181. Clearwater Analytics Holdings, Inc. has a 52 week low of $17.63 and a 52 week 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. The firm has a market cap of $6.66 billion, a PE ratio of 14.17, a PEG ratio of 8.23 and a beta of 0.79. The company's fifty day moving average is $24.77 and its 200-day moving average is $27.40.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Clearwater Analytics had a return on equity of 7.11% and a net margin of 93.97%. The company had revenue of $126.86 million for the quarter, compared to the consensus estimate of $125.11 million. During the same quarter last year, the business posted $0.10 earnings per share. The firm's revenue was up 23.5% compared to the same quarter last year. On average, sell-side analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction dated 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 owns 274,857 shares of the company's stock, valued at $7,511,841.81. The trade was a 6.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $27.63, for a total value of $1,381,500.00. Following the completion of the transaction, the chief executive officer now owns 615,855 shares of the company's stock, valued at $17,016,073.65. The trade was a 7.51 % 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 worth $18,478,363 over the last three months. 4.60% of the stock is owned by 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.