134,035 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new position in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 134,035 shares of the company's stock, valued at approximately $3,592,000. Lisanti Capital Growth LLC owned approximately 0.05% of Clearwater Analytics as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CWAN. Wellington Management Group LLP increased its position in shares of Clearwater Analytics by 98.2% during the 4th quarter. Wellington Management Group LLP now owns 5,954,485 shares of the company's stock worth $163,867,000 after purchasing an additional 2,950,555 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Clearwater Analytics by 66.0% during the 4th quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock worth $202,931,000 after purchasing an additional 2,931,445 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Clearwater Analytics by 13.3% during the 4th quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock worth $574,607,000 after purchasing an additional 2,455,844 shares in the last quarter. Norges Bank acquired a new stake in shares of Clearwater Analytics during the 4th quarter worth about $59,402,000. Finally, Blair William & Co. IL increased its position in shares of Clearwater Analytics by 3,835.2% during the 4th quarter. Blair William & Co. IL now owns 1,754,732 shares of the company's stock worth $48,290,000 after purchasing an additional 1,710,141 shares in the last quarter. Institutional investors and hedge funds own 50.10% of the company's stock.

Clearwater Analytics Stock Down 1.6%

Shares of NYSE CWAN opened at $22.01 on Friday. The stock has a market cap of $6.24 billion, a P/E ratio of 13.10, a P/E/G ratio of 4.40 and a beta of 0.77. The firm has a 50 day moving average price of $22.78 and a 200 day moving average price of $25.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.09 and a current ratio of 5.09. Clearwater Analytics Holdings, Inc. has a 52-week low of $17.63 and a 52-week high of $35.71.

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, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $126.86 million during the quarter, compared to analysts' expectations of $125.11 million. Clearwater Analytics had a net margin of 90.18% and a return on equity of 5.22%. The business's revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. Analysts expect that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Activity at Clearwater Analytics

In other Clearwater Analytics news, CFO James S. Cox sold 18,700 shares of Clearwater Analytics stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $22.25, for a total value of $416,075.00. Following the transaction, the chief financial officer now owns 348,885 shares of the company's stock, valued at approximately $7,762,691.25. The trade was a 5.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sandeep Sahai sold 50,000 shares of Clearwater Analytics stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $23.09, for a total transaction of $1,154,500.00. Following the completion of the transaction, the chief executive officer now directly owns 876,754 shares in the company, valued at approximately $20,244,249.86. The trade was a 5.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 200,034 shares of company stock worth $4,629,774. 3.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CWAN has been the subject of several research reports. Oppenheimer lowered 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. JPMorgan Chase & Co. initiated coverage on shares of Clearwater Analytics in a research report on Friday, April 25th. They issued an "overweight" rating and a $28.00 price objective for the company. The Goldman Sachs Group started coverage on shares of Clearwater Analytics in a research report on Monday, May 19th. They issued a "neutral" rating and a $26.00 price objective for the company. Piper Sandler set a $27.00 price target on shares of Clearwater Analytics and gave the stock an "overweight" rating in a research report on Tuesday, June 24th. Finally, Wells Fargo & Company lowered their price target on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $31.90.

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.

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