13,069 Shares in Clearwater Analytics Holdings, Inc. $CWAN Bought by FCA Corp TX

Key Points

• FCA Corp TX acquired 13,069 shares of Clearwater Analytics Holdings, Inc. in Q1, valued at approximately $350,000.
• Overall, institutional investors own 50.10% of Clearwater Analytics, with significant stakes increased by firms like Vanguard and Invesco during the same quarter.
• The company's recent earnings report showed a revenue increase of 70.4% year-over-year, despite missing the earnings per share consensus estimate by $0.01.

FCA Corp TX purchased a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 13,069 shares of the company's stock, valued at approximately $350,000.

Other institutional investors have also added to or reduced their stakes in the company. Zevenbergen Capital Investments LLC raised its stake in Clearwater Analytics by 48.6% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 909,429 shares of the company's stock worth $24,373,000 after buying an additional 297,414 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Clearwater Analytics in the first quarter worth approximately $314,000. Yorktown Management & Research Co Inc purchased a new stake in shares of Clearwater Analytics in the first quarter worth approximately $409,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Clearwater Analytics in the fourth quarter worth approximately $8,580,000. Finally, Vanguard Group Inc. raised its stake in shares of Clearwater Analytics by 11.3% in the first quarter. Vanguard Group Inc. now owns 23,246,312 shares of the company's stock worth $623,001,000 after purchasing an additional 2,366,715 shares during the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.

Clearwater Analytics Stock Performance

NYSE CWAN traded down $0.1050 on Tuesday, hitting $19.5750. 893,916 shares of the stock traded hands, compared to its average volume of 3,360,653. The business's fifty day moving average is $21.39 and its two-hundred day moving average is $24.00. Clearwater Analytics Holdings, Inc. has a 12 month low of $17.98 and a 12 month high of $35.71. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 4.53 and a beta of 0.73. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.02 and a current ratio of 2.02.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). Clearwater Analytics had a return on equity of 3.23% and a net margin of 73.74%.The company had revenue of $181.94 million during the quarter, compared to the consensus estimate of $174.16 million. During the same period in the previous year, the business earned $0.10 earnings per share. Clearwater Analytics's revenue was up 70.4% on a year-over-year basis. As a group, equities analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Sandeep Sahai sold 50,000 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $22.15, for a total value of $1,107,500.00. Following the completion of the transaction, the chief executive officer directly owned 895,663 shares of the company's stock, valued at $19,838,935.45. This trade represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Souvik Das sold 5,273 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $21.67, for a total value of $114,265.91. Following the completion of the transaction, the chief technology officer directly owned 142,549 shares of the company's stock, valued at $3,089,036.83. The trade was a 3.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 206,748 shares of company stock valued at $4,549,748 over the last three months. Insiders own 3.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. DA Davidson lowered their price objective on Clearwater Analytics from $36.00 to $34.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Piper Sandler set a $27.00 price objective on Clearwater Analytics and gave the stock an "overweight" rating in a research note on Tuesday, June 24th. Oppenheimer lowered their price objective on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Wednesday, June 11th. The Goldman Sachs Group raised Clearwater Analytics from a "neutral" rating to a "buy" rating and set a $27.00 price objective for the company in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. assumed coverage on Clearwater Analytics in a report on Friday, April 25th. They issued an "overweight" rating and a $28.00 target price for the company. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $32.67.

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.