13,475 Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN) Purchased by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA purchased a new position in Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,475 shares of the company's stock, valued at approximately $361,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in Clearwater Analytics during the fourth quarter worth approximately $57,000. Aster Capital Management DIFC Ltd acquired a new stake in Clearwater Analytics during the fourth quarter worth approximately $82,000. OFI Invest Asset Management acquired a new stake in Clearwater Analytics during the fourth quarter worth approximately $88,000. Assetmark Inc. acquired a new stake in Clearwater Analytics during the fourth quarter worth approximately $111,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Clearwater Analytics during the fourth quarter worth approximately $116,000. Hedge funds and other institutional investors own 50.10% of the company's stock.

Insider Buying and Selling at Clearwater Analytics

In other Clearwater Analytics news, CEO Sandeep Sahai sold 50,000 shares of the business's stock in a transaction 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James S. Cox sold 18,700 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $26.58, for a total transaction of $497,046.00. Following the sale, the chief financial officer now owns 358,502 shares in the company, valued at $9,528,983.16. The trade was a 4.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 150,034 shares of company stock valued at $3,598,245. 3.31% of the stock is owned by company insiders.

Clearwater Analytics Stock Performance

CWAN traded down $0.76 during trading on Friday, hitting $22.06. The stock had a trading volume of 5,260,267 shares, compared to its average volume of 2,492,250. 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 capitalization of $6.25 billion, a P/E ratio of 13.29, a PEG ratio of 8.23 and a beta of 0.77. The company's 50-day moving average price is $23.03 and its 200 day moving average price is $26.37. Clearwater Analytics Holdings, Inc. has a twelve month low of $17.63 and a twelve month high of $35.71.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 target price (up from $34.00) on shares of Clearwater Analytics in a report on Friday, February 21st. Royal Bank of Canada lifted their target price on shares of Clearwater Analytics from $30.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. The Goldman Sachs Group initiated coverage on shares of Clearwater Analytics in a report on Monday, May 19th. They issued a "neutral" rating and a $26.00 target price on the stock. Finally, Oppenheimer cut their target price on shares of Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Wednesday. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Clearwater Analytics currently has a consensus rating of "Moderate Buy" and an average price target of $32.00.

About Clearwater Analytics

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.