CHICAGO TRUST Co NA Acquires New Shares in Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

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

A number of other institutional investors have also made changes to their positions in CWAN. Arcadia Investment Management Corp MI acquired a new stake in Clearwater Analytics in the 4th quarter valued at $57,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Clearwater Analytics during the 4th quarter worth approximately $82,000. OFI Invest Asset Management bought a new stake in shares of Clearwater Analytics during the 4th quarter worth approximately $88,000. Assetmark Inc. acquired a new stake in shares of Clearwater Analytics in the 4th quarter valued at approximately $111,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Clearwater Analytics in the fourth quarter valued at $116,000. Institutional investors own 50.10% of the company's stock.

Insider Buying and Selling at Clearwater Analytics

In related news, Director Kathleen A. Corbet sold 12,634 shares of Clearwater Analytics stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $23.66, for a total transaction of $298,920.44. Following the sale, the director now directly owns 14,498 shares in the company, valued at approximately $343,022.68. This trade represents a 46.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sandeep Sahai sold 50,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $24.29, for a total transaction of $1,214,500.00. Following the transaction, the chief executive officer now owns 876,754 shares of the company's stock, valued at approximately $21,296,354.66. The trade was a 5.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 200,034 shares of company stock worth $4,926,245. Insiders own 3.31% of the company's stock.

Wall Street Analysts Forecast Growth

CWAN has been the topic of a number of recent analyst reports. UBS Group boosted their price target on Clearwater Analytics from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Piper Sandler lowered their price target on shares of Clearwater Analytics from $36.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company decreased their target price on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group initiated coverage on shares of Clearwater Analytics in a research note on Monday, May 19th. They set a "neutral" rating and a $26.00 price objective on the stock. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $36.00 price objective (up from $34.00) on shares of Clearwater Analytics in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $32.40.

Clearwater Analytics Trading Up 2.4%

NYSE:CWAN traded up $0.59 on Tuesday, reaching $24.80. 5,220,241 shares of the stock traded hands, compared to its average volume of 2,435,882. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.10. The company's 50 day moving average is $23.05 and its 200-day moving average is $26.54. Clearwater Analytics Holdings, Inc. has a 1-year low of $17.63 and a 1-year high of $35.71. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 8.23 and a beta of 0.77.

Clearwater Analytics (NYSE:CWAN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, beating 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 firm had revenue of $126.86 million during the quarter, compared to analysts' expectations of $125.11 million. During the same quarter last year, the firm posted $0.10 earnings per share. The company's revenue for the quarter was up 23.5% compared to the same quarter last year. Equities research analysts anticipate that Clearwater Analytics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

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.