Yorktown Management & Research Co Inc Purchases Shares of 15,250 Clearwater Analytics Holdings, Inc. (NYSE:CWAN)

Yorktown Management & Research Co Inc bought a new stake in shares of Clearwater Analytics Holdings, Inc. (NYSE:CWAN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,250 shares of the company's stock, valued at approximately $409,000.

A number of other hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP lifted its position in shares of Clearwater Analytics by 98.2% in 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 during the period. Alliancebernstein L.P. increased its holdings in shares of Clearwater Analytics by 66.0% during the fourth quarter. Alliancebernstein L.P. now owns 7,373,942 shares of the company's stock valued at $202,931,000 after acquiring an additional 2,931,445 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Clearwater Analytics by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 20,879,597 shares of the company's stock worth $574,607,000 after buying an additional 2,455,844 shares during the period. Norges Bank purchased a new stake in Clearwater Analytics during the 4th quarter valued at about $59,402,000. Finally, Blair William & Co. IL lifted its stake in 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 valued at $48,290,000 after acquiring an additional 1,710,141 shares during the period. Institutional investors own 50.10% of the company's stock.

Analyst Ratings Changes

CWAN has been the topic of several analyst reports. Oppenheimer dropped their target price on Clearwater Analytics from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Wednesday, June 11th. JPMorgan Chase & Co. began coverage on shares of Clearwater Analytics in a research note on Friday, April 25th. They set an "overweight" rating and a $28.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of Clearwater Analytics from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group assumed coverage on shares of Clearwater Analytics in a research note on Monday, May 19th. They issued a "neutral" rating and a $26.00 target price for the company. Finally, Piper Sandler assumed coverage on shares of Clearwater Analytics in a research report on Tuesday. They set an "overweight" rating and a $27.00 price target on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $31.90.

Insider Activity at Clearwater Analytics

In other news, CEO Sandeep Sahai sold 50,000 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $23.09, for a total value of $1,154,500.00. Following the transaction, the chief executive officer now directly owns 876,754 shares in the company, valued at approximately $20,244,249.86. This represents a 5.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen A. Corbet sold 12,634 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $23.66, for a total value of $298,920.44. Following the completion of the sale, the director now directly owns 14,498 shares in the company, valued at approximately $343,022.68. The trade was a 46.56% 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 valued at $4,629,774. Corporate insiders own 3.31% of the company's stock.

Clearwater Analytics Price Performance

Shares of CWAN traded up $0.72 during mid-day trading on Tuesday, hitting $22.37. 3,404,985 shares of the company were exchanged, compared to its average volume of 2,553,588. The company has a 50 day moving average of $22.86 and a 200-day moving average of $25.94. Clearwater Analytics Holdings, Inc. has a 1-year low of $17.63 and a 1-year high of $35.71. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 4.14 and a beta of 0.77. 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 (NYSE:CWAN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate 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 return on equity of 5.22% and a net margin of 90.18%. The firm's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. Analysts expect 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.