Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) by 137.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,549 shares of the company's stock after purchasing an additional 52,931 shares during the period. LPL Financial LLC's holdings in Clearwater Analytics were worth $2,537,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in Clearwater Analytics by 57.4% in the 4th quarter. GAMMA Investing LLC now owns 1,284 shares of the company's stock worth $35,000 after acquiring an additional 468 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Clearwater Analytics by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,035 shares of the company's stock worth $469,000 after purchasing an additional 502 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Clearwater Analytics by 11.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,158 shares of the company's stock valued at $142,000 after purchasing an additional 521 shares during the period. Truist Financial Corp boosted its holdings in Clearwater Analytics by 5.8% in the 4th quarter. Truist Financial Corp now owns 21,915 shares of the company's stock worth $603,000 after buying an additional 1,209 shares during the period. Finally, Amalgamated Bank lifted its position in shares of Clearwater Analytics by 25.9% in the fourth quarter. Amalgamated Bank now owns 6,098 shares of the company's stock valued at $168,000 after acquiring an additional 1,254 shares in the last quarter. Institutional investors own 50.10% of the company's stock.

Clearwater Analytics Trading Down 0.2 %

Clearwater Analytics stock traded down $0.04 during trading hours on Friday, hitting $23.04. The company had a trading volume of 3,633,215 shares, compared to its average volume of 2,106,672. The company has a 50-day moving average price of $26.81 and a two-hundred day moving average price of $27.75. 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 Holdings, Inc. has a 1 year low of $15.62 and a 1 year high of $35.71. The firm has a market cap of $5.78 billion, a P/E ratio of 13.88, a P/E/G ratio of 8.23 and a beta of 0.76.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share 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 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 year.

Insider Transactions at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were 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 approximately $17,016,073.65. This trade represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Subi Sethi sold 62,482 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $30.07, for a total value of $1,878,833.74. Following the completion of the sale, the insider now owns 144,973 shares in the company, valued at approximately $4,359,338.11. This represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 644,510 shares of company stock valued at $18,478,363 in the last 90 days. Insiders own 4.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company boosted their price target on Clearwater Analytics from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Royal Bank of Canada boosted 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. Morgan Stanley reissued an "overweight" rating and set a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. Piper Sandler upgraded Clearwater Analytics from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $28.00 to $36.00 in a report on Thursday, February 20th. Finally, DA Davidson upgraded Clearwater Analytics from a "neutral" rating to a "buy" rating and decreased their price target for the company from $35.00 to $32.00 in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Clearwater Analytics currently has an average rating of "Moderate Buy" and an average price target of $33.80.

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.